The Manhattan luxury real estate market, defined as all properties priced $5M and above, saw 11 contracts signed this week, made up of 7 condos, and 4 co-ops. The previous week saw 11 deals. For more information or data, please reach out to a Compass agent.
The average asking price among this week’s contracts was just over $7.2M, with the top deal being a full-floor condo on the Upper East Side asking $18.5M. Overall, the mix of signed contracts reflects strong interest in both modern new developments and pre-war residences, showing that buyers continue to value a range of lifestyle offerings across Manhattan’s prime neighborhoods.
Notably, pricing remains competitive, with many sellers adjusting expectations to align with market realities. While volume has held steady compared to the prior week, the data suggests that well-positioned properties—those offering unique amenities, prime locations, or recently renovated interiors—continue to attract serious buyers.
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All best--Gerald Germany
