Opulence Unveiled: March Edition

With an extra hour of sunlight and the first signs of spring in the air, there’s no better time to experience the vibrancy of New York City. This month, don’t miss Cirque Du Soleil’s Luzia, the breathtaking Orchid Show at the New York Botanical Garden, and the stunning collections at The Brooklyn Fine Art Print Fair. As the city comes alive, so does the real estate market.

Luxury sales remain strong, with a $20 million condo at 111 West 57th Street leading last week’s top transactions. February saw Manhattan’s average sales price climb to $2,551,625, reflecting a 22.4% jump from January and a remarkable 47.8% increase year-over-year. Inventory also saw a slight uptick to 5,909 active listings, while 789 contracts were signed, marking a 14.5% increase from January.

Brooklyn continues to shine, with the average sales price reaching $1,377,247, up 4% from January and 15.8% from last year. The market remained active, with 479 contracts signed, a 27.7% rise month-over-month, highlighting continued demand.

As sales prices climb and activity picks up, now may be the perfect time to consider listing your home. Whether you’re thinking about selling, buying, or simply exploring your options, we’re here to provide expert guidance every step of the way.

MARKET REPORTS

Upcoming Events

Cirque Du Soleil Luzia

Now – April 27 | Under the Big Top, Randall's Island Park

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Step into the vibrant, dreamlike world of LUZIA, where a surreal Mexico comes to life with breathtaking acrobatics and stunning visual surprises. This mesmerizing journey weaves through the sights and sounds of both classical and modern Mexico, from an old movie set and a smoky dance hall to sun-soaked beaches and vast deserts. Filled with thrills, laughter, and wonder, LUZIA delivers an unforgettable, edge-of-your-seat experience at every turn.

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The Orchid Show: Mexican Modernism

Now – April 27 | New York Botanical Garden

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The Orchid Show: Mexican Modernism celebrates the vibrant beauty of Mexico with breathtaking displays of orchids. Inspired by the bold, multicolored designs of modernist architect Luis Barragán, the exhibition blends tradition and contemporary artistry in a lush, floral paradise—all within the Bronx.

Visitors can explore immersive landscapes filled with thousands of orchids showcasing diverse ecosystems. For a lively evening experience, Orchid Nights on select Saturdays offer a 21+ atmosphere with music, dancing, cash bars, and food for purchase amid the exhibition’s striking colors and style.

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Brooklyn Fine Art Print Fair

March 27–30 | Powerhouse Arts

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Powerhouse Arts (PHA) Printshop Director Luther Davis and the PHA team have joined forces with Fine Arts Baltimore (FAB) to introduce a significant new addition to New York’s art fair circuit—one dedicated to reaffirming the city’s status as a premier hub for print fairs.

The fair aims to expand opportunities for print producers and sellers, strengthening the fine art print market with accessible pathways to engage collectors and drive growth.

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State
Of Mind

Welcome, Spring: Spring in New York City is pure magic—cherry blossoms bloom in Central Park, sidewalk cafés buzz with energy, and the city hums with renewed vibrancy. Warmer days invite leisurely strolls along the High Line, outdoor markets flourish, and rooftops come alive with sunset views.

$20M Billionaires’ Row Condo Tops Strong Week for Manhattan Luxury Dealmaking

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A $20 million condo at 111 West 57th Street, a supertall tower overlooking Central Park on Billionaires’ Row, led Manhattan’s luxury sales last week.

According to Olshan Realty’s latest report, 35 contracts were signed for properties listed at $4 million or more in the week ending Sunday—three more than the previous week—continuing the strong market activity seen since the start of the year.

FULL ARTICLE

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