realestate

Manhattan Luxury Home Sales Surpass Decade-Long Norm

Manhattan's Luxury Market Defies Slow Season Odds in September.

D
espite being one of the slowest periods for transactions in Manhattan, the borough's luxury market showed surprising resilience in September. According to Olshan Realty's weekly report, buyers signed contracts for 97 properties priced at $4 million or more, exceeding the decade-long average of 71. While last week saw a dip with only 18 homes entering contract, the overall trend for the month was upbeat.

    The most expensive home to find a buyer was a $15.5 million duplex at 211 West 84th Street, part of The Henry development led by Compass' Alexa Lambert. This Robert A.M. Stern-designed project is expected to be completed by 2026 and features amenities like a fitness center, pickleball court, and rooftop garden.

    Another high-end sale was a $15 million condo at 20 East 76th Street, which sits atop the Surrey Hotel. The property, launched this fall by Douglas Elliman's Lauren Muss and Michelle Griffith, boasts a private members' club and rooftop terrace. The homes' combined asking price of $139 million translates to an average price of $7.7 million and a median of $6.5 million, with properties spending 628 days on the market before receiving a 4 percent discount.

Manhattan luxury homes sold in record numbers exceeding decade-long market average.