Posted on 02/07/2026 7:52:29 AM PST by millenial4freedom
Manhattan’s luxury housing market is quietly edging back toward its mid-2010s swagger after a decade marked by excess, collapse and recovery. And this time, the rebound appears to be powered by real money, not just empty supply.
New data shows the borough’s priciest homes are nearly back to their 2016 highs, a milestone last seen during the condo boom that reshaped Manhattan’s skyline.
By the end of last year, the median price for a luxury home — defined as the top 10% of the market — hit $6.39 million, according to a new report from Douglas Elliman.
Manhattan’s luxury housing market has largely clawed its way back to its 2016 highs after a volatile decade shaped by overbuilding, the pandemic and a sharp rebound, with prices and deal volume now nearing prior peaks.
Manhattan’s luxury housing market has largely clawed its way back to its 2016 highs after a volatile decade shaped by overbuilding, the pandemic and a sharp rebound, with prices and deal volume now nearing prior peaks.
That figure remains slightly below the last peak, but is up more than 6% from the prior year, signaling renewed strength at the top end.
Luxury deal volume is telling a similar story. Roughly 1,143 high-end homes sold last year. This virtually matches 2016 levels and marks a double-digit increase from 2024 — a notable rebound after years of pandemic-era disruption and higher borrowing costs.
(Excerpt) Read more at nypost.com ...
A home with a median price of $6.4 million is very likely owned by someone who has established his residency in another jurisdiction.
Wall Street big shots, entertainers, professional athletes are notorious for this.
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Smart capitalists learned along time ago, how to insulate their wealth from the mob and other predators that took an envious eye to their wealth.
It has to work this way or even more wealth would be squandered.
It’s not on the whole bonus. A very small part is 90 percent and that’s if the bonus is even over a billion.
Mexico City.
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