{"id":185502,"date":"2026-04-04T15:19:47","date_gmt":"2026-04-04T15:19:47","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/185502\/"},"modified":"2026-04-04T15:19:47","modified_gmt":"2026-04-04T15:19:47","slug":"manhattans-10-million-market-is-booming-even-as-sales-slow-elsewhere","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/185502\/","title":{"rendered":"Manhattan\u2019s $10 Million Market Is Booming\u2014Even as Sales Slow Elsewhere"},"content":{"rendered":"

\n\tIf Manhattan<\/a>\u2019s first quarter felt sluggish, the weather didn\u2019t help. A stretch of record-breaking winter storms collided with geopolitical uncertainty and stock market<\/a> swings, softening overall activity. At the very top of the market, however, it was a different story entirely. Call it a tale of two markets. While much of Manhattan hesitated, the ultra-wealthy kept moving\u2014and in some cases, moving quickly when the right opportunity appeared.<\/p>\n

\n\tThe biggest gains came from homes priced above $10 million. According to Compass\u2019s Q1 2026 report, contracts at that level jumped a whopping 47.4 percent compared to last year. The tippy-top of the market saw serious traction too, with condo sales above $20 million rising 30 percent, albeit at slightly lower average prices.<\/p>\n

\n\tRELATED: Ultra-Luxury Real Estate Is Booming Even as the General Housing Market Cools<\/a><\/p>\n

\n\tGetting a bit more granular, new developments tell an even more revealing story. Sales above $10 million largely drove the market, according to Brown Harris Stevens Development Marketing, with 56 contracts signed in the first quarter alone\u2014the highest total in a decade. That figure is up a staggering 87 percent from a year ago and is nearly triple the 10-year average, underscoring just how much momentum has shifted to the top.<\/p>\n

\n\t\u201cThe highest end of the market is moving well,\u201d said Stephen Kliegerman of BHSDM, pointing to strong demand in neighborhoods where new inventory has been scarce.<\/p>\n

\t\t\t\t\t\t\"Manhattan<\/p>\n

\t\t\t\t\tManhattan\u2019s luxury market is being driven by big-ticket deals in early 2026.<\/p>\n

\t\t\t\t\t\t\t\t\tZamek\/VIEWpress<\/p>\n

\n\tThat doesn\u2019t mean buyers are throwing money around. Far from it. Today\u2019s luxury buyer is sharp, patient, and very aware of pricing. \u201cToday\u2019s high-end buyer is incredibly sophisticated,\u201d said Compass broker Nicole Hay. \u201cThey recognize opportunity, and they\u2019re negotiating accordingly.\u201d<\/p>\n

\n\tStep outside that rarefied tier, however, and the picture softens. Manhattan logged 2,279 closed sales in the first quarter, down 3.2 percent year over year, while signed contracts slipped 6.7 percent, according to Compass. Inventory is still tight, with fewer listings coming online as many sellers wait for calmer conditions and clearer economic signals.<\/p>\n

\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tThe Westerly Estate – Crown Jewel of Santa Ynez Valley\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tSanta Ynez, CA\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$52,500,000 USD\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t111 W 57th St, New York, NY 10019\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tNew York, NY\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$98,000,000 USD\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

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\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t161 Stillwater Rd, Aspen, CO 81611\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tAspen, CO\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$300,000,000 USD\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

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\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tParis, \u00cele-de-France 75002, France\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tParis, France\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$21,201,400 USD | 18,000,000 EUR\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

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\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t4867 Legacy Way, Park City, Utah 84060\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tPark City, UT\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$22,000,000 USD\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

\n\tRELATED: Inherited Wealth and International Demand Are Expected to Fuel the Luxury Market in 2026<\/a><\/p>\n

\n\tEven so, the market isn\u2019t exactly struggling. Sales are down, but prices are holding firm. Indeed, the median Manhattan sales price climbed to $1.285 million, up eight percent year over year, according to the Coldwell Banker Warburg Q1 2026 Market Update. \u201cThe underlying tone of Q1 is one of quiet confidence,\u201d notes the report. In plain terms, well-priced homes are selling, sometimes quickly, while everything else sits a bit longer.<\/p>\n

\n\tAs spring approaches, more inventory is expected to hit the market, which could ease some of the tension between buyers and sellers. But one thing already feels clear. Manhattan\u2019s wealthiest buyers aren\u2019t waiting around. When the right property comes along, they\u2019re still ready to make a move.<\/p>\n

\tAuthors<\/p>\n

\t\t\t\"Abby<\/p>\n

\n\t\tAbby Montanez\n\t\t\t<\/p>\n

Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to\u2026<\/p>\n

\t\t\t\t\t
\n\t\t\t\tRead More\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"If Manhattan\u2019s first quarter felt sluggish, the weather didn\u2019t help. A stretch of record-breaking winter storms collided with…\n","protected":false},"author":2,"featured_media":185503,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,10628,9,24,12,63,1491],"class_list":{"0":"post-185502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-manhattan","9":"tag-manhattan-headlines","10":"tag-manhattan-news","11":"tag-market","12":"tag-new-york","13":"tag-new-york-city","14":"tag-news","15":"tag-nyc","16":"tag-real-estate"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/185502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=185502"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/185502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/185503"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=185502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=185502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=185502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}