The Manhattan townhouse market remained strong through the first half of 2026, with broad-based gains across nearly every key performance metric. A total of 116 townhouse sales closed during the period, representing a 4.5% year-over-year increase, while gross sales volume climbed 31.2% to $1.2 billion, reflecting renewed confidence in the market and continued demand for high-quality properties. The average sale price increased 25.5% to $10.5 million, and the average price per square foot rose 10.2% to $1,613, underscoring buyers' willingness to pay a premium for exceptional, well-located townhouses. These gains were driven not only by several record-setting trophy transactions including the sale of 105-107 Bank Street in the West Village by Leslie Garfield for $70,000,000, but also by steady activity across a broad range of neighborhoods and property types.
Luxury single-family residences continued to command the strongest demand, particularly in premier neighborhoods such as the Upper East Side and the Village, where a number of ultra-prime transactions helped elevate overall market performance. At the same time, activity remained healthy across Manhattan, with buyers pursuing opportunities ranging from turnkey homes to value-add properties with long-term repositioning potential. The market also benefited from sustained interest in architecturally significant townhouses and increasingly scarce double-wide residences, reflecting the continued appeal of unique assets in a supply-constrained environment.
