Manhattan’s luxury real estate market continued its steady pace of sales last week, according to the latest Olshan report released Monday.
The week ending Sunday saw 22 contracts signed on luxury homes—defined as property priced at $4 million and above—marking the 22nd consecutive week with more than 20 luxury deals made in the borough.
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Almost half of the deals were downtown, the report said.
The total sales value of the 22 contracts was $221.83 million—a steep decline from the prior week’s total of $281.2 million—making the average asking price for last week $7.9 million.
The most expensive contract signed last week was a townhouse on Morton Street in the West Village.
The house is being sold by jeweler David Yurman, according to Ms. Olshan. Property records show a limited liability company, controlled by Mr. Yurman’s son, Evan, purchased the property for $17 million in February 2015.
It most recently had a $16.5 million price tag, reduced from the $18.45 million it was asking when it went on the market in November.
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The second priciest contract signed was for an apartment at 910 Fifth Ave., on the Upper East Side. The nine-room co-op was asking $14.9 million, reduced from its original $17.5 million ask when it hit the market late last year.
Of the 22 contracts signed last week, 13 were condos, four were co-ops, four were townhouses and one was a condop.