The Olshan Report

Luxury Market Report, February 22 – 28, 2021

March 1, 2021

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Report on Contracts Signed Manhattan
Residential Properties $4 Million and Above
February 22-28, 2021
40 Contracts Signed

Forty contracts were signed last week at $4 million and above, four more than the previous week. It marked the first time that the weekly total hit 40 since the first week in August 2016, when 43 contracts were signed.
Stat Geek Alert I: The luxury market’s dazzling streak of 30 or more deals extended to 4 weeks in a row.
Stat Geek Alert II: In the last 4 weeks, 144 properties have gone to contract at $4 million and above, totaling $1,180,170,999, a luxury market wave not seen since a similar streak in 2015—from late February into March—when 138 properties were inked totaling $1,249,750,000.