The Manhattan residential apartment market recorded 207 closings over the past week, including 22 high-end transactions above $3.9 million. The median condo sale price was $1.8 million ($1,536 per square foot), compared to roughly $825,000 for co-ops. Compared to last week, pricing and volume remained relatively stable, but slightly less skewed by ultra-luxury outliers.
Activity was once again concentrated on the Upper East Side and Upper West Side, where there is the highest density of for-sale units. Co-ops drove a significant share of overall volume, particularly in Lenox Hill, Yorkville, and along the UWS' Broadway Corridor. Similar to last week, three of five most expensive closings were within buildings designed by Robert A.M. Stern Architects.