Manhattan luxury market at a glance

The week's 18 deals included 16 condos, 1 co-op and 1 townhouse. The average discount was a modest 2%, and the median asking price of $7,122,500 indicates that most of the activity was in the $5 million to $10 million range, despite a $34 million deal at the top.

Source: the Compass Manhattan Luxury Report.

Downtown leads, Lenox Hill heats up

Downtown Manhattan accounted for 61% of contracts, 11 of the 18 deals, spread across Tribeca, West Chelsea, the West Village, Greenwich Village, Soho, the Flatiron District, Chelsea, the Lower East Side and Hudson Square. The Upper East Side took 22%, with three of its four deals in Lenox Hill and one Yorkville townhouse. The Upper West Side had 11% and Midtown East 6%.

Condos, co-ops and townhouses

Condos made up 16 of the 18 deals. The Yorkville townhouse, at $1,315 per square foot, came in at less than half the condo average, a reminder that townhouses still offer the most space for the money in Manhattan.

Every Manhattan luxury contract signed this week

All 18 deals, ranked by last asking price. Building details are credited in each note. The bar under each listing shows its price relative to the week's top deal.

1. 70 Vestry Street, Unit 9S
   $34,000,000
   Tribeca condo  |  4 beds, 4.5 baths  |  4,355 sq ft  |  $7,808/sq ft  |  18 days on market

   Top deal of the weekWent to contract at full ask in 18 days. This corner home in Related and Robert A.M. Stern's waterfront 70 Vestry was offered for the first time since the building's initial sellout, per the Compass listing.

2. 555 West 22nd Street, Unit 20AB
   $19,995,000
   West Chelsea condo  |  4 beds, 5 baths  |  4,603 sq ft  |  $4,344/sq ft  |  18 days on market

   Signed at full ask in 18 days at The Cortland, another Robert A.M. Stern design for Related on the Hudson River waterfront, per New York YIMBY.

3. 601 Washington Street, Unit THE
   $19,950,000
   West Village condo  |  4 beds, 4 baths  |  5,838 sq ft  |  $3,418/sq ft

   Signed at its original asking price of $19,950,000.

4. 225 West 86th Street, Unit 717
   $12,700,000
   Upper West Side condo  |  6 beds, 3 baths  |  4,583 sq ft  |  $2,772/sq ft

   The week's largest home by bedroom count, with six bedrooms.

5. 155 West 11th Street, Unit 12B
   $9,999,000
   Greenwich Village condo  |  2 beds, 2.5 baths  |  2,203 sq ft  |  $4,539/sq ft  |  17 days on market

   Signed in 17 days at full ask at The Greenwich Lane, with the week's second-highest price per square foot.

6. 45 Walker Street, Unit 4
   $9,850,000
   Tribeca condo  |  4 beds, 4 baths  |  4,781 sq ft  |  $2,061/sq ft  |  13 days on market

   Fastest dealA loft in an 1888 building with only six units, per Compass.

7. 92 Greene Street, Unit 4A
   $8,500,000
   Soho condo  |  4 beds, 5 baths  |  4,485 sq ft  |  $1,896/sq ft  |  82 days on market

   Found a buyer after a cut from $8,995,000. Mercer Greene is a 14-unit condo built in 2005, per Compass.

8. 10 Madison Square West, Unit 12F
   $7,500,000
   Flatiron condo  |  4 beds, 4.5 baths  |  2,818 sq ft  |  $2,662/sq ft

   Signed at its original asking price, overlooking Madison Square Park.

9. 101 Central Park West, Unit 8B
   $7,250,000
   Lincoln Square co-op  |  3 beds, 2 baths  |  18 days on market

   Only co-opSigned at full ask in 18 days on Central Park West.

10. 15 East 69th Street, Unit 7A
    $6,995,000
    Lenox Hill condo  |  4 beds, 3.5 baths  |  3,023 sq ft  |  $2,314/sq ft  |  82 days on market

    Reduced from $7,195,000 before signing after 82 days, one of three Lenox Hill deals this week.

11. 142 West 21st Street, Unit 3B
    $6,900,000
    Chelsea condo  |  4 beds, 3.5 baths  |  2,498 sq ft  |  $2,763/sq ft

    Another contract at The Myles, following contracts for units 9A and 9B in mid-September.

12. 432 East 84th Street
    $6,900,000
    Yorkville townhouse  |  5 beds, 3 baths  |  5,250 sq ft  |  $1,315/sq ft  |  151 days on market

    Only townhouseReduced from $7,200,000 before signing after 151 days. At $1,315 per square foot, it offered the most space for the money of any deal this week.

13. 252 South Street, Unit 77J
    $6,450,000
    Lower East Side condo  |  3 beds, 3 baths  |  2,347 sq ft  |  $2,749/sq ft  |  350 days on market

    Longest on marketReduced from $6,950,000 and signed after 350 days, high in the 80-story One Manhattan Square, per Compass.

14. 1355 1st Avenue, Unit 26
    $5,995,000
    Lenox Hill condo  |  4 beds, 4 baths  |  3,595 sq ft  |  $1,668/sq ft  |  48 days on market

    Signed at full ask in 48 days, one of three Lenox Hill contracts this week.

15. 57 Irving Place, Unit 5
    $5,750,000
    Flatiron condo  |  3 beds, 3.5 baths  |  2,872 sq ft  |  $2,003/sq ft  |  199 days on market

    Signed at its original asking price after 199 days.

16. 301 Park Avenue, Unit 4010
    $5,700,000
    Midtown condo  |  1 bed, 1 bath  |  1,322 sq ft  |  $4,312/sq ft

    A one-bedroom at the Waldorf Astoria Residences at $4,312 per square foot, among the week's highest.

17. 565 Broome Street, Unit N24B
    $5,650,000
    Hudson Square condo  |  2 beds, 2 baths  |  1,923 sq ft  |  $2,938/sq ft  |  250 days on market

    Signed at its original asking price after 250 days.

18. 422 East 72nd Street, Unit 14ABF
    $5,200,000
    Lenox Hill condo  |  4 beds, 4 baths  |  3,500 sq ft  |  $1,486/sq ft  |  348 days on market

    Biggest price cutReduced 16% from $6,200,000 before signing after 348 days.

What this means for Manhattan luxury buyers and sellers

• Momentum is back.Contracts jumped from 8 to 18 in one week, a strong start to the fall season.
• Well-priced homes move fast.Five deals signed in 18 days or less, including the week's top deal at 70 Vestry.
• Overpriced homes still need to adjust.Five homes cut prices before signing, and the two longest-listed homes, at 252 South Street and 422 East 72nd Street, sat for about 350 days each.
• The Upper East Side is gaining ground.It took 22% of this week's deals, led by three Lenox Hill contracts.