M
anhattan's luxury property market saw a surge in sales last week, with 39 homes asking $4 million or more securing signed contracts between November 4 and 10. This marks the largest number of high-end properties sold since March, according to Olshan Realty's weekly report. The total includes 14 co-op deals, the highest weekly tally for this property type since November 2021, as well as 23 condos and two townhouses.

    The most expensive home to land a contract was a $16 million penthouse at 247 West 12th Street, spanning 4,200 square feet with four bedrooms, three bathrooms, and a rooftop terrace. The unit had been on the market since April, initially asking $18 million. Sotheby's International's Jeremy Stein had the listing.

    The second priciest home to enter contract was 11 Bank Street, priced at $15 million after previously asking $21 million in January. This 24-foot-wide townhouse, built in 1845, spans five stories and features a garden. Douglas Elliman's Leslie Mason had the listing.

    The combined asking price of these homes totals around $261 million, with an average price of $6.7 million and a median of $6.2 million. The typical home spent 625 days on the market and was discounted by 9 percent from its initial asking price.