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LUXURY MARKET REPORT
September 21-27, 2020
Twenty-one contracts were signed last week at $4 million and above, the highest total since the second week in March, when New York State was on the verge of declaring a lockdown to battle Covid-19.

Stat Geek Alert: For perspective, the lockdown started on March 22, and it took the luxury real estate market the following 7 weeks to equal last week’s contract total.

Stat Geek Alert II: By comparison, last week’s total of 21 is greater than the same week last year, when 18 contracts were inked. It is also the strongest final week of September since 2014, when 33 contracts were signed.

The No. 1 contract was South Penthouse B at 565 Broome Street, asking $30 million. The duplex has 4,430 square feet including 4 bedrooms, 4 bathrooms, 2 powder rooms, plus a terrace that totals 3,437 square feet and features a 20-foot heated ...

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