Michelle Larsen

10/19/2026

Manhattan Real Estate | Q3 2026 Market Update 🏙️

Manhattan’s residential market continues to demonstrate resilience, with strong buyer demand and tightening inventory setting the stage for a competitive final quarter of 2026.

📈 Sales on the Rise: Closed transactions increased 9% year-over-year and 14% over Q2, with total sales volume reaching $7.28 billion.

🔑 Luxury Leads the Way: The $3M–$5M market emerged as the quarter’s standout, with sales surging 38% year-over-year, followed by a 13% increase in the $5M–$10M segment.

🏙️ Ultra-Luxury Shifts: Sales above $10M declined 18% year-over-year, highlighting a more selective market at the highest price points.

📉 Inventory Tightens: Available inventory fell 12% from Q2, while the median sale price rose 4% year-over-year to $1.25 million.

What does this mean for buyers and sellers?

With supply contracting and demand holding steady, well-priced properties remain highly sought after. For sellers, limited competition presents an opportunity. For buyers, strategic timing and informed negotiation are more important than ever.

Considering buying or selling in Manhattan? Let’s discuss how these market trends could influence your next move.

Source: Sotheby’s International Realty | Q3 2026 Manhattan Market Report

10/15/2026

A drizzle, a downpour, and then sunshine made the more interesting. Always a gorgeous event.

10/15/2026

A drizzle, a downpour, and finally clear sky's made for an interesting Women's Committee Fall Luncheon in Central Park. Always a wonderful time.

10/14/2026

Congratulations to our clients on their gorgeous new apartment nestled atop coveted Billionaire’s Row.

10/10/2026

10/01/2026

Congratulations to our clients for closing on their beautiful apartment.

09/30/2026

Congratulations to our fabulous buyers on this beautiful abode in Gramercy Park.

09/28/2026

Manhattan Luxury Market Update | September 21–27 🗽

September may be Manhattan luxury real estate’s traditionally quiet month, but buyers are still making moves on exceptional properties.

17 contracts asking $4M+ were signed last week, down just two from the previous week.

📊 By the numbers:
• 9 condos
• 5 co-ops
• 3 townhouses

Over the past four weeks, 65 luxury contracts have been signed, compared with a 10-year average of 71 for the same period — a reminder that September’s slowdown is not unusual.

This week’s biggest deals also offered two distinctly classic visions of Manhattan living.

🏆 #1 Contract | 48 Jane Street

Asking: $14.999M

A renovated Greek Revival townhouse in the heart of the West Village:

✨ 4 stories + 22 feet wide
✨ 4,128 SF
✨ 5 bedrooms | 3.5 bathrooms
🔥 3 fireplaces
🌿 Private 21’ × 29’ garden
🏛️ Historic character paired with a sophisticated renovation

🥈 #2 Contract | 32 East 64th Street, 9W

Asking: $14.5M

A grand, renovated prewar co-op just off Madison Avenue:

✨ 11 rooms
✨ 4 bedrooms | 4.5 bathrooms
📚 Library + private office
🔥 An extraordinary 5 wood-burning fireplaces
✨ Double living room + formal dining room
🏙️ High ceilings and Madison Avenue exposures

📈 The Takeaway

Manhattan’s luxury market remains slightly below its historical September pace, but the week’s top contracts tell an interesting story: buyers are still committing significant capital to properties offering character, scale and scarcity.

And this week, old New York won the spotlight — with a nearly $15M West Village townhouse and a $14.5M Upper East Side prewar leading the market.

Source: Olshan Report

Which would you choose: a private townhouse and garden in the West Village 🌿 or grand prewar living off Madison Avenue? 🏛️

Tell us below 👇 and follow for weekly insights into Manhattan’s luxury real estate market.

09/26/2026

Last night's calm before the storm.
'easter

09/22/2026

Excited to be attending GNE 2026 this October in San Francisco.

If you’re attending, or have clients weighing a move to Manhattan, I’d welcome the chance to connect.