L U X U R Y M A R K E T R E P O R T 1 Q

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1 L U X U R Y M A R K E T R E P O R T 1 Q 2 1 8

2 The quarterly Luxury Market Report provided by Trump International Realty is a resource compiling pertinent data and analytics to give you a pulse on the current luxury real estate market in New York City. This report primarily covers the Manhattan Luxury Market which is comprised of the top 1% of residential sales based on the sales price. Trump International Realty has become the premier luxury full-service, specialized real estate brokerage by leveraging its global brand recognition, real estate vision and tremendous resources. Figures and statistics contained in Trump International Realty s Luxury Market Report are sourced from the Automated City Register Information System (ACRIS) and REBNY Listing Service (RLS) and based on the data available at the time of each quarterly report release. The previous quarter statistics in the subsequent report are revised to include the full quarter period after the data becomes available. G L O S S A R Y Average Sale Price: Calculated by adding all final sales prices and dividing the sum by the total number of properties that sold prior to the publication of this report. Median Sale Price: Price point directly in the middle of the whole, half way above and half way below all recorded sale prices. Average Price Per Square Foot: Average price divided by the average square footage. Median Price Per Square Foot: Price point directly in the middle of the whole, half way above and half way below all recorded sales price per square foot. Closed Sales: Recorded closings at the time the report is prepared. Days on Market: The total number of days a listing is on the active market before it is sold. Inventory: Total number of all the properties listed for sale at any point during the quarter. Luxury Threshold: Minimum price point at which a property is considered to be in the Luxury Market. Thresholds change each quarter reflecting the market trends. Luxury Market Share by Co-op and Condo: Measured by number of sales. Price Discount %: Difference between the initial asking price and the final recorded sales price.

3 LUXURY REPORT / 1Q MANHATTAN LUXURY MARKET OVERVIEW The Luxury market declined year-over-year from the most recent price peak set in 1Q17. After a sluggish start, the first quarter posted mixed results, as buyers and sellers continued to adapt to changing market conditions. Of particular note, uptown pre-war co-ops saw several large sales, which helped push that segment up on a year-over-year basis. METRIC 1Q Q % CHG 4Q QTR % CHG Avg. Sale Price $8,88,726 $1,161, % $8,338, % Median Sale Price $6,956,481 $7,742,7-1.15% $6,4, +8.7% Avg. Price / Sq. Ft. $2,771 $3, % $2, % Median Price / Sq. Ft. $2,546 $2, % $2, % Closed Sales % % Days on Market % % Inventory 1,596 1, % 1, % Luxury Threshold $4,25, $4,831, % $3,999, % LUXURY COMPARISONS LUXURY MEDIAN PRICE TRENDS & SALES VOLUME 1Q Median Sale Price $8M 6 $7M $6M 4 $6M $4M 2 $5M $2M Co-ops Condos New Developments Resales 1Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Legend Luxury Median Sale Price # of Sales Trump International Realty is a Licensed New York Real Estate Broker. All information is from sources deemed reliable but subject to errors, omission, change of price, rental, prior sale, lease or financing, or withdrawal without notice. All measurements and other information are approximate and should be verified by your own attorney, architect or other professional. This is not intended to solicit property. 218 Trump International Realty. LUXURY REPORT / 1Q TRUMPINTERNATIONALREALTY.COM PAGE 1 / 5

4 LUXURY REPORT / 1Q LUXURY MARKET OVERVIEW BY PROPERTY TYPE METRIC CO-OP % CHG CONDO % CHG TOWNHOUSE % CHG Avg. Sales Price $9,31, % $8,326, % $11,389, % Median Sale Price $6,7, +1.79% $6,661, % $9,, % Med. Price / Sq. Ft. $1, % $2, % $2, % Days on Market % % % Inventor y % % % LUXURY MARKET SHARE BY CONDO VS. CO-OP CONDO CO-OP 1Q Q Q % 8% 8% 6% 6% 6% 4% 4% 4% 2% 2% 2% % % % Q1 Sales Breakdown: New Development: 52% Average Price: $9M Resale: 48% Average Price: $1.1M Looking at the property types that compose the luxury market, co-ops were favored over condos during the quarter, with sales prices moving in opposite directions. The median co-op price improved on a year-over-year basis, increasing over 1.79%. Meanwhile, the median price for condos and townhouses fell 17.76% and 11.91%, respectively, during the same time period. LUXURY REPORT / 1Q TRUMPINTERNATIONALREALTY.COM PAGE 2 / 5

5 LUXURY REPORT / 1Q CLOSED SALES BY PRICE POINT 1Q Q Q % 5% 3% 5% 2% 6% 3% 18% 19% 9% 2% 9% 12% 12% 1% 28% 28% 27% 25% 25% 25% Legend $-$6k $6k-$1M $1M-$2M $2M-$3M $3M-$5M $5M-$1M $1M+ MARKET OVERVIEW BY PRICE POINT METRIC $1M-$2M % CHG $2M-$5M % CHG $5M-$1M % CHG $1M+ % CHG Avg. Sales Price $1.44M +1.16% $3.2M -2.13% $6.89M +.29% $15.71M -8.93% Median Sale Price $1.4M +.94% $2.84M -3.78% $6.65M +.86% $13.5M -5.35% Avg. Price / Sq. Ft. $1, % $1,853.% $2, % $3, % Days on Market % % % % Inventory % % % % LUXURY MARKET SHARE BY LOCATION 1Q Q Q % 32% 45% 22% 26% 17% 22% 19% 25% 21% 23% 14% LUXURY REPORT / 1Q TRUMPINTERNATIONALREALTY.COM PAGE 3 / 5

6 LUXURY REPORT / 1Q LUXURY MARKET NUMBER OF SIGNED CONTRACTS New Development Resale Q Q Q Q Q Q Q Q Legend Total Luxury Market LUXURY MARKET INVENTORY New Development Resale Q Q Q Q Q Q Q Q Legend Total Luxury Market LUXURY REPORT / 1Q TRUMPINTERNATIONALREALTY.COM PAGE 4 / 5

7 LUXURY REPORT / 1Q LUXURY MARKET DAYS ON MARKET VS PRICE DISCOUNT % 14 7% 12 6% 1 5% 8 4% 6 3% 4 1Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q % Notable Stats: Listing Discount Improves to 5.7% Townhouse Median Sales Price Improves 1.15% Year-Over-Year Rising figures for days on market and inventory, coupled with declining sales, suggests that luxury buyers continue to enjoy leverage advantages even as the market continues to normalize and signs of an uptick slowly emerge. As the year progresses, we expect additional inventory and will continue to see the trend of active price discovery across all luxury market segments. TOWNHOUSE MARKET OVERVIEW METRIC 1Q Q % CHG 4Q QTR % CHG Avg. Sale Price $6,129,52 $6,375, % $4,555, % Median Sale Price $3,855,138 $3,5, +1.15% $2,375, % Med. Price / Sq. Ft. $987 $ % $1,5-6.% Days on Market % % Inventory % % Trump International Realty 18 Central Park South New York, NY 119 New York: Westchester: New Jersey: Charlotte: Miami: Jupiter: Las Vegas: Chicago: LUXURY REPORT / 1Q TRUMPINTERNATIONALREALTY.COM PAGE 5 / 5

8 Trump International Realty is a Licensed Real Estate Broker. All information is from sources deemed reliable but subject to errors, omission, change of price, rental, prior sale, lease or financing, or withdrawal without notice. All measurements and other information are approximate and should be verified by your own attorney, architect or other professional. If your property is currently listed with another real estate broker, please disregard this offer. This is not intended to solicit property already listed. 218 Trump International Realty