Q1 2021 Manhattan Market Report

Q1 2021 MARKET UPDATE maNHATTAN Q1 2021 market update OVERVIEW Marketwide Sales OVERALL Sales by Apartment size data by apartment size for condos and co-ops Methodology 03 04 05 06 10 triplemint.com i Q1 2021 i MANHATTAN i 2 what’s inside Q1 Manhattan real estate market numbers showed a rising demand for Manhattan homes, with 18% more contracts signed in Q1 2021 than in Q1 2020. Year over year sales, inventory, and listing prices decreased, while price per square foot increased quarter over quarter. One and two bedrooms comprised the bulk of sales and contracts signed, as well as total Q1 Manhattan inventory. 15,378 TOTAL INVENTORY 1,752 $1,250,235 MARKET AT A GLANCE Q1 2021 2,839 Median LISTED Price Q1 2021 market update AVERAGE PRICE PER SQ. FT. Contracts signed NUMBER of NEW LISTINGS triplemint.com i Q1 2021 i MANHATTAN i 3 Overview SALES $1,530 2,728 $1,289,265 3,321 Q1 2021 15,378 2,839 $1,530 Year over Year Q1 2021 Q1 2021 $1,480 Year over Year Q1 2020 15,868 2,728 Q1 2020 Quarter over Quarter Q4 2020 Q1 2020 2,548 Q1 2021 triplemint.com i Q1 2021 i MANHATTAN i 4 median listed price $1,250,235 TOTAL INVENTORY Quarter over Quarter Quarter over Quarter Year over Year Q4 2020 number of new listings Quarter over Quarter 1,752 Year over Year Q4 2020 MARKETWIDE SALES Q1 2020 Q1 2021 Quarter over Quarter Q4 2020 $1,614 1,839 Q1 2020 Year over Year $1,433,495 Q4 2020 CONTRACTS SIGNED Q4 2020 SALES 2,315 Quarter over Quarter 1,965 15,986 3,334 Year over Year Q1 2020 average PRICE PER SF Q1 2021 triplemint.com i Q1 2021 i MANHATTAN i 5 OVERALL SALES by apartment size Studio ALCOVE Studio 1 BR SALES 47 13 380 Contracts Signed 46 15 352 Median Listed Price $490,608 $467,074 $620,073 Average Price per Sq. FT. $1,129 $861 $1,006 $1,039 $1,321 $1,739 $1,973 $1,293 Number of New Listings 48 17 373 462 157 17 32 33 Total Inventory 219 76 1523 1844 716 103 238 202 2 BR 3 BR 4+ BR Single Family MULTI Family 356 128 15 13 15 465 170 14 24 22 $1,017,619 $1,772,901 $3,727,675 $9,218,467 $5,019,416 Q1 2021 market update 13 46 356 3 BR ALCOVE STUDIO 237 Q1 2021 market update SINGLE-FAMILY MULTI-FAMILY 2 BR 111 2 BR 385 STUDIO 3 BR 48 15 800 600 400 200 0 MULTI-FAMILY 48 Co-op 403 170 4+ BR 47 39 23 14 Manhattan data by apartment size for condos and co-ops 128 519 15 352 196 SINGLE-FAMILY 13 413 34 61 171 465 CONTRACTS SIGNED 248 34 69 1 BR 15 1 BR ALCOVE STUDIO 24 193 115 380 22 500 400 300 200 100 0 112 Condo STUDIO Overall 306 SALES 99 629 4+ BR 72 triplemint.com i Q1 2021 i MANHATTAN i 6 $1,281,250 SINGLE-FAMILY $1,187,170 3 BR $4,281,441 $1,017,619 $2,321,363 Co-op Condo 1 BR Q1 2021 market update triplemint.com i Q1 2021 i MANHATTAN i 7 STUDIO $467,074 $5,019,416 $7,985,244 $620,073 2 BR MULTI-FAMILY $701,108 $4,519,841 $3,727,675 4+ BR $402,500 $9,218,467 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 ALCOVE STUDIO $693,280 $485,305 Manhattan data by apartment size for condos and co-ops $2,127,915 $490,608 Overall MEDIAN LISTED PRICE $652,568 $1,772,901 $2,621 $1,006 triplemint.com i Q1 2021 i MANHATTAN i 8 MULTI-FAMILY 48 $1,039 $926 STUDIO $1,267 Overall 2 BR $1,321 $918 1 BR SINGLE-FAMILY 4+ BR 125 429 $2,092 443 ALCOVE STUDIO $1,739 33 90 $1,683 3 BR 1 BR $956 123 204 SINGLE-FAMILY 2 BR AVERAGE PRICE PER SF $1,524 $1,293 $1,401 Condo ALCOVE STUDIO 544 373 $1,129 Co-op 4+ BR 3 BR number of new listings 462 48 $1,973 17 $861 180 600 500 400 300 200 100 0 157 Q1 2021 market update 258 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 STUDIO 404 MULTI-FAMILY Manhattan data by apartment size for condos and co-ops $1,731 $1,234 $1,042 70 17 32 1,844 236 3 BR Condo 723 467 202 3,000 2,500 2,000 1,500 1,000 500 0 1,523 1,014 Q1 2021 market update ALCOVE STUDIO Co-op MULTI-FAMILY SINGLE-FAMILY 2,336 76 1,309 TOTAL INVENTORY Overall 2,216 triplemint.com i Q1 2021 i MANHATTAN i 9 876 238 386 2,808 2 BR 594 716 Manhattan data by apartment size for condos and co-ops 4+ BR 219 2,282 1 BR STUDIO 103 triplemint.com i Q1 2021 i MANHATTAN i 10 Average Price per Square Foot: The average price divided by the average square footage. Contracts Signed: Publicly reported transactions that occurred during the quarter referenced in the report. Median Listed Price: The middle price point when the prices of all inventory are ordered from least to most expensive. Number of New Listings: The number of homes that were listed on the market during the quarter referenced in the report. Quarters: Four three month periods that take place from January - December: Q1: January - March Q2: April - June Q3: July - September Q4: October - December Sales: Homes that sold during the quarter referenced in the report. Total Inventory: All of the listings active during the quarter referenced in the report. Sources: Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS) as well as proprietary data. Q1 2021 market update METHODOLOGY Copyright ©2021 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description. THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 212.235.1123 1500 Broadway, Suite 501 New York, NY 10036