Q4 2020 Manhattan Market Report

Q4 2020 MARKET UPDATE maNHATTAN Q4 2020 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 Q4 2020 i MANHATTAN i 2 what’s inside 15,986 $1,289,265 3,321 Median LISTED Price Q4 2020 market update AVERAGE PRICE PER SQ. FT. Contracts signed NUMBER of NEW LISTINGS The final quarter of 2020 showed a market resilience that Manhattan has repeatedly demonstrated. Q4 saw a huge increase in the number of sales and contracts signed compared with the previous quarter. Although year over year prices remain down, the increase in contract activity is likely a sign of what 2021 has in store, and may be an indication that the window of opportunity afforded by the current buyer's will soon be closing. TOTAL INVENTORY 1,839 MARKET AT A GLANCE Q4 2020 triplemint.com i Q4 2020 i MANHATTAN i 3 Overview SALES $1,480 2,548 $1,338,000 4,636 Q4 2020 15,986 3,321 $1,480 Year over Year Q4 2020 Q4 2020 $1,601 Year over Year Q4 2019 17,342 2,548 Q4 2019 Quarter over Quarter Q3 2020 Q4 2019 1,665 Q4 2020 triplemint.com i Q4 2020 i MANHATTAN i 4 median listed price $1,289,265 TOTAL INVENTORY Quarter over Quarter Quarter over Quarter Year over Year Q3 2020 number of new listings Quarter over Quarter 1,839 Year over Year Q3 2020 MARKETWIDE SALES Q4 2019 Q4 2020 Quarter over Quarter Q3 2020 $1,586 1,387 Q4 2019 Year over Year $1,424,115 Q3 2020 CONTRACTS SIGNED Q3 2020 SALES 2,745 Quarter over Quarter 2,115 15,011 2,910 Year over Year Q4 2019 average PRICE PER SF Q4 2020 triplemint.com i Q4 2020 i MANHATTAN i 5 OVERALL SALES by apartment size Studio ALCOVE Studio 1 BR SALES 121 76 667 Contracts Signed 174 135 863 Median Listed Price $440,319 $550,928 $854,434 Average Price per Sq. FT. $1,173 $1,054 $1,271 $1,517 $1,857 $2,303 $1,934 $1,477 Number of New Listings 238 162 982 852 356 153 14 26 Total Inventory 1,225 792 5,158 4,894 2,355 1,236 242 191 2 BR 3 BR 4+ BR Single Family MULTI Family 586 238 114 17 12 808 324 111 29 18 $1,713,918 $3,075,806 $6,820,420 $9,210,408 $5,054,569 Q4 2020 market update 17 174 586 3 BR ALCOVE STUDIO 310 Q4 2020 market update SINGLE-FAMILY MULTI-FAMILY 2 BR 93 2 BR 301 STUDIO 3 BR 78 114 1,000 800 600 400 200 0 MULTI-FAMILY 55 Co-op 320 324 4+ BR 121 34 24 111 Manhattan data by apartment size for condos and co-ops 238 487 135 863 149 SINGLE-FAMILY 76 407 25 56 123 808 CONTRACTS SIGNED 242 35 56 1 BR 12 1 BR ALCOVE STUDIO 29 163 134 667 18 800 600 400 200 0 106 Condo STUDIO Overall 270 SALES 93 592 4+ BR 54 triplemint.com i Q4 2020 i MANHATTAN i 6 $1,282,298 SINGLE-FAMILY $1,133,625 3 BR $4,164,290 $1,713,918 $2,269,006 1 BR Q4 2020 market update triplemint.com i Q4 2020 i MANHATTAN i 7 STUDIO $550,928 $5,054,569 $7,781,583 $854,434 Co-op 2 BR MULTI-FAMILY $694,625 $4,403,921 $6,820,420 4+ BR $395,566 $9,210,408 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 ALCOVE STUDIO $677,029 $503,300 Manhattan data by apartment size for condos and co-ops Condo $2,141,121 $440,319 Overall MEDIAN LISTED PRICE $657,089 $3,075,806 $2,542 $1,271 triplemint.com i Q4 2020 i MANHATTAN i 8 MULTI-FAMILY 41 $1,517 $913 STUDIO Co-op $1,234 2 BR $1,857 $919 1 BR SINGLE-FAMILY 4+ BR 112 406 $2,153 400 ALCOVE STUDIO $2,303 26 75 $1,773 3 BR 1 BR $1,012 91 147 SINGLE-FAMILY 2 BR AVERAGE PRICE PER SF $1,559 $1,477 $1,402 ALCOVE STUDIO 511 982 $1,173 4+ BR Overall 3 BR number of new listings 852 238 $1,934 153 $1,054 Condo 152 1,000 800 600 400 200 0 356 Q4 2020 market update 200 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 STUDIO 429 MULTI-FAMILY Manhattan data by apartment size for condos and co-ops $1,725 $1,235 $1,095 67 162 14 4,894 Co-op 226 3 BR 790 506 191 6,000 5,000 4,000 3,000 2,000 1,000 0 5,158 1,028 Q4 2020 market update ALCOVE STUDIO Condo MULTI-FAMILY SINGLE-FAMILY 2,624 792 1,398 TOTAL INVENTORY 2,333 triplemint.com i Q4 2020 i MANHATTAN i 9 871 242 363 3,057 2 BR 542 2,355 Manhattan data by apartment size for condos and co-ops 4+ BR 1,225 Overall 2,392 1 BR STUDIO 1,236 triplemint.com i Q4 2020 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. Q4 2020 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