The number of deals signed for luxury homes in Manhattan surpassed 20 for the third straight week, according to a weekly roundup from Olshan Realty.
Buyers signed contracts for 21 homes priced at $4 million or more in the week ending Sunday. Of those, there were seven co-ops that went into contract, the most such transactions in a single week since May, according to the report.
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Manhattan home sellers continue to respond to cooling demand by cutting prices. The average home to find a buyer last week got a 9% price reduction compared to when it first hit the market.
In all, luxury home deals last week rang in at $153 million.
The most expensive deal was a unit at 80 Columbus Circle, also known as the residences at the Mandarin Oriental, off the southwest corner of Central Park.
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The four-bedroom condo was asking $24.5 million and has views of both Central Park and the Hudson River. The home last traded hands in 2005 for $9.29 million, according to the report.
The second most expensive contract signed last week was an Upper West Side co-op at the newly built Chamberlain building, asking $11.35 million. The six-bedroom apartment has three terraces and is one of the most expensive units in the building, just a few hundred-thousand dollars less than the penthouse, listing records show.