Oligarchs, Billionaires, Money, Money, Money

Downtown pads give luxury market a boost: Olshan

 

therealdeal.com – therealdeal.com

Manhattan’s luxury market is sluggish no longer, with 21 contracts signed last week on properties $4 million and up, according to Olshan Realty’s weekly luxury market report.

The top six deals were located Downtown, according to the report, which logged a weekly asking price volume of $140.3 million. That’s up from 13 contracts and $81.8 million in asking price volume during the last week of September, and 10 contracts and $65.8 million in asking price volume the week before that.

Between Oct. 5 and 11, the median asking price was $5.75 million and the average number of days on the market was 207.

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