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Three brokerages booked more than half of the Upper West Side home sales last year, each accounting for about 18 percent of the $6.1 billion in transactions.
Compass topped the list with $1.14 billion in 551 deals, beating out Corcoran Group, which had just over $1.13 billion in 478 deals. Brown Harris Stevens rounded out the top three with $1.11 billion in deal volume out of 460 deals.
To gauge the success of brokers selling homes on the Upper West Side, which stretches from sprawling parks to rivers, TRD Dive into a dataset of 58,000 transactions from 2022 Ranking of Brokers in the City,Special attention Upper West Side, Manhattan Valley, Morningside Heights, and Lincoln Square.
Douglas Elliman TRDRecent Midtown Rankings, ranking fourth only on the Upper West Side, with $832 million in 420 transactions. Sotheby’s International Realty rounded out the top five with just 74 deals worth nearly $264 million. Its average price of more than $3.56 million is the highest of the top five and the second highest of the top 10.
The highest average price in this elite group is No. 8 Engel & Volkers. The German company’s New York franchise is a bit of an outlier, though, as its staggering average revenue of nearly $13.48 million comes from just three big deals.
About 61.5 percent of transactions on the Upper West Side last year were co-ops, 37.5 percent were condos, and the remainder were single-family homes. However, co-ops accounted for only 41 percent of total sales.
The vast majority of transactions (87%) were for resale, accounting for 72% of the total transaction volume. Lincoln Square and the Upper West Side main city sliced up most of the new development, accounting for 48 percent and 47 percent, respectively, of the $1.6 billion in sponsorship sales.
