Top condo transactions for November had two of the fall seasons higher profile sales, both at the newly-opened 520 Park Avenue luxury tower. British billionaire James Dyson, founder of the Dyson vacuum company, picked up Penthouse 60 for almost $74 million, while Penthouse 52 sold for $62 million to an anonymous buyer. The top five condo sales in November were all located in Manhattan, showing that despite rising interest rates, Manhattan luxury condos are still a hot commodity.

While luxury condo prices remained strong in NYC, high-end single-family home prices continued to slide. November posted no sales in the eight-figure range, compared to one in October and four in September. The biggest sale price for November was $9.4 million for the 6,266 square-foot townhouse at 52 West 85th Street on the Upper West Side.

Patrick McGregor

Patrick McGregor

Patrick McGregor is a senior writer covering the real estate industry and overall economic trends in the United States for several Yardi product publications. He also holds an MBA from Thunderbird School of Global Management. Patrick was previously a commercial real estate analyst at Yardi Matrix for five years. His work has appeared in the New York Times, Bisnow, GlobeSt, The Real Deal, Business Insider, The Denver Post, The Motley Fool, and more.