In 2024, New York City luxury prices kept rising against a general slowdown and contraction on the East Coast. Average sales prices shot up to $76M, with two transactions passing the $100M threshold in 2024. The lowest property in the top 10 sold at $46M, once again demonstrating the depth of the NYC luxury real estate market.
Highlights
Average sales prices are up to $76M in 2024
Prices increased 25% YoY, with two properties fetching $100M+
Transactions in New York often happen outside of the public eye; data is scarce
Eye-watering prices
To compare New York City data against other luxury markets doesn’t do the city justice—the Big Apple is unique in so many ways. Reflected in the eye-watering prices is the fact that New York City is unique and will never go out of style. Another constant is the New York ambition, reflected in astronomical asking prices which are negotiated down aggressively.
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