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More than 800 $4M-plus contracts logged this year

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[caption id="attachment_221063" align="alignright" width="240"] Sandy Weill and 15 CPW[/caption] This year proved to be the strongest year for the New York City luxury residential market — with 807 contracts signed for homes priced at $4 million and above, representing some $6.6 billion in sales, according to the latest market report from residential brokerage Olshan Realty. The total number of contracts signed signifies a 20 percent jump over 2011, and a 7 percent increase over 2007, the previous top year. The report says that 721 recorded sales — representing 427 condos, 228 co-ops and 66 townhouses — closed at $4 million and above. [more]

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