High-end sales soar in Manhattan

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Last week's tally of 38 contracts signed above $4m was ‘spectacular by any standard’, says Olshan Realty

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'Rising vaccine adoption, low mortgage rates and improving economic conditions' are being cited as the key driving factors behind the turnaround.
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A total of 16 $10m+ properties went into contract last week, reports Olshan Realty, the highest number since March 2013.
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Writing for the Financial Times, Joshua Chaffin speaks to the luxury developers and agents attempting to sell New York’s most expensive new-builds in the midst of a global pandemic.