LUXURY MARKET REPORT
August 14-20, 2017
Summer Bummer Alert! Fourteen contracts were signed last week at $4 million and above, the 8th-straight week that total luxury sales have fallen below 20. The total dollar volume was $87.56 million, the lowest in 53 weeks. More bad news: No contracts were signed above $10 million, the first time that has happened since the Sandy storm—the week of October 29, 2012. It may not be much, but if you’re looking for a sliver of a silver lining, here goes: Six co-ops went to contract, the best week for co-ops since the first week in June.

The No. 1 contract was 8/9A at 830 Park Avenue, asking $8,995,000. This 3-bedroom, 4-bathroom duplex co-op is in excellent condition with interiors by Vicente Wolfe. It has a 30.5-foot living room looking north onto 76th street, a 22-foot kitchen, and a 28-foot master suite.

The No. 2 contract was ...

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