Two weeks ago, the Manhattan townhouse market had its strongest week since 2016 with eight signed contracts, six of which were in the Village. Following the spike, we saw four additional contracts signed last week, totaling eleven townhouses currently under contract in Greenwich Village. It is safe to say 2020 is off to a terrific start with renewed optimism from brokers, sellers, and buyers alike.
Seven of the townhouses currently in contract are single-family homes, while the remaining four are mixed-use/multi-family properties. The most expensive property in contract is 132 West 11th Street, last asking $18,500,000 or $2,800 PSF, and was on the market for only 49 days. Additionally, eight new townhouse properties have been listed in the new year and there have been two closings. As the upward trend in activity continues, we anticipate 2020 easily surpassing 2019 in transaction and dollar volume.