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Mike Myers re-listed the pad in November 2017 after giving it a $3M price chop (Photo: Compass) Mike Myers re-listed the pad in November 2017 after giving it a $3M price chop (Photo: Compass)
Last week saw 24 luxury contracts signed, marking the eighth straight week of 20+ contracts signed at $4 million and above, according to Olshan's latest report. And while these consistent figures may seem like the luxury market is making a comeback, the report also notes that this first quarter saw 282 contracts signed, which is a 15% decline from the start of 2017. Days on the market also increased to 469 from 360 in 2017 – the highest total since Olshan began tracking the stat in 2011. Adding to that, there was a 10% average price drop from the original asking price before a contract was signed.

This year certainly has not had it easy with a 3,000-point drop in the stock market and the city experiencing 4 Nor'easters (almost 5) this past month, but Olshan contends this is the cherry on top of a luxury market that is simply way overpriced.

Last week's number 1 contract was unit #PHW at 72 Mercer Street, aka Mike Myers' penthouse. And even his "Austin Powers" couldn't get it to sell when it originally came on the market in 2015. He shaved off $3M from the original asking price and put it back on the market in November 2017. Spanning an impressive 4,204 square feet, the duplex penthouse has 4 bedrooms and 4.5 bathrooms, as well as a private roof deck.

From Carnegie Hill to SoHo, check out the top five listings that went into contract this past week.
4 beds, 4.5 baths | 4,204 ft2
72 mercer street outdoor space Listed Nov 1, 2017. All listing photos via Compass
72 mercer street living Living space
72 mercer street floor plan Unit #PHW floor plan
This prime 3-4 bedroom Soho penthouse with private roof deck is perfectly positioned on a tranquil stretch of Mercer Street, the most desirable of all cobbled streets, in a newly built loft-style boutique condominium with a 24-hour doorman, designed by Traboscia Roiatti Architects to blend in with the distinctive historic architecture that surrounds it. Read more →
2 Available Listings from $4.5M
3 beds, 3.5 baths | 2,800 ft2
1049 fifth avenue living Listed Sep 11, 2017. All photos via Sotheby's International Realty
1049 fifth avenue bedroom Bedroom
1049 fifth avenue floor plan Unit #19B floor plan
This Fifth Avenue condominium with dramatic Central Park, Reservoir and New York City skyline views is a sprawling and sun-filled home and has recently undergone a complete high-end renovation. The chic Entry Gallery, leads to the expansive corner Living Room which is surrounded with wrap-around, over-sized windows framing the spectacular view of Central Park and the Reservoir. Read more →
4 Available Listings from $2.275M
3 beds, 5 baths | 3,006 ft2
27 E 79 living Listed Mar 14, 2018. All photos via Corcoran
27 E 79 bedroom Bedroom suite
27 E 79 floor plan Unit #1112 floor plan
Meticulously appointed by Parisian design firm Cabinet Alberto Pinto, Duplex Residence 11 at 27 East 79th Street offers 3 bedrooms, 5.5 baths, and open southern views over the landmarked mansions of the historic Cook Block and partial view of Central Park. Alberto Pinto hand-selected a range of opulent materials for the interior as well as the buildings elegantly appointed lobby and the Parisian-inspired facade. Read more →
4 Available Listings from $5.35M
4 beds, 3.5 baths | 5,041 ft2
140 E 63 living Listed Apr 11, 2016. All photos via Sotheby's International Realty
140 E 63 living mezzanine Mezzanine
140 E 63 floor plan 1 Unit #PH4 floor plan (1/2)
140 E 63 floor plan 2 Unit #PH4 floor plan (2/2)
Amazing opportunity to customize the last remaining Sponsor Unit at the Barbizon/63 Condominium. This 5,041 sq. ft., Pre-War Duplex, has the qualities, features & amenities of a brand new building. The unit is white-box ready, and awaits your personal selections to create something truly unique. Read more →
5 Available Listings from $1.85M
3 beds, 3 baths | 2,793 ft2
42 Crosby Street Outdoor Listing updated Mar 19, 2018. All photos via Douglas Elliman
42 crosby street living room Living room
42 crosby street floor plan Unit 3N floor plan
With outstanding proportions and an open layout comprising 2,793 square feet, this stunning private floor 3-bedroom, 3-bath home has been masterfully designed by Annabelle Seldorf to evoke an unparalleled sense of space and light. Read more →
1 Available Listing for $9.2M
See the full list at Olshan Realty Inc. →
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Content Specialist Sandra Herrera Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.