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New development drives 24 contracts at $4M and up: Olshan report

Of the 24 luxury pads that went into contract last week, 17 were new condos, according to Olshan Rea

From left: 1040 Fifth Avenue and 224 Mulberry Street Of the 24 luxury pads that went into contract last week, 17 were new condos, according to Olshan Realty’s latest luxury market report. The number of contracts signed on properties $4 million and up was the lowest for the first week of December since 2012. Last year, 32 contracts were signed during the first week of the month, representing $237 million in asking price sales volume. (more…)

Source: The Real Deal