LUXURY MARKET REPORT

LUXURY MARKET REPORT

3Q 2016

www.trumpinternationalrealty.com

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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 10% 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.

GLOSSARY

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.

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1YEAR

CHG 2Q - 2016

%

International Realty New York is a licensed real estate broker. All material presented herein is intended for information

Trump

purposes only. All information is from sources deemed reliable but subject to errors, omission, change of price, rental,

sale, lease or fnancing, or withdrawal without notice. All measurements and other information are approximate and

prior

be verifed by your own attorney, architect or other professional. This information may not be copied, used or

should

1QTR

CHG %

LUXURY REPORT / 3Q - 2016

MANHATTAN

MARKET

LUXURY

METRIC 3Q - 2016 3Q - 2015

Avg. Sale Price $8,251,007 $7,233,101 +14.07% $8,469,562 -2.58%

OVERVIEW

luxury buyers, 2016 has

For

to be a year of

proven

Median Sale Price $6,619,081 $5,800,000 +14.12% $6,600,000 +0.29%

Avg. Price / Sq. Ft. $2,803 $2,514 +11.50% $2,820 -0.60%

after a volatile

opportunity

As we enter Q4, supply

2015.

Median Price / Sq. Ft. $2,597 $2,300 +12.91% $2,567 +1.17%

continue to favor the buy

trends

as high end inventory

side

close to record highs.

remains

activity rebounded

Contract

Closed Sales -- 321 -- 245 --

the quarter, yet came in

during

relative to past years.

weaker

Days on Market 86 88 -2.27% 120 -28.63%

trends, fully loaded with

Sales

Development closings,

New

Inventory 1,255 1,203 +4.32% 1,354 -7.31%

to come in near the

continued

levels previously hit in

record

the first quarter.

Luxury Threshold $4,250,000 $3,660,000 +16.12% $4,250,000 0.00%

MEDIAN PRICE

LUXURY

& SALES VOLUME

TRENDS

LUXURY

COMPARISONS

- 2016 3Q

Sale Price

Median

$8M

600

$6M

400

$7M

200

$4M

$6M

$2M

0

$5M

Co-ops

Condos

Developments

New

Resales

# of Sales

Legend

- 2011 3Q

- 2011 4Q

- 2012 1Q

- 2012 2Q

- 2012 3Q

- 2012 4Q

- 2013 1Q

- 2013 2Q

- 2013 3Q

- 2013 4Q

- 2014 1Q

- 2014 2Q

- 2014 3Q

- 2014 4Q

- 2015 1Q

- 2015 2Q

Luxury Median Sale Price

- 2015 3Q

- 2015 4Q

- 2016 1Q

- 2016 2Q

distributed without Trump International Realty’s prior consent. © 2016 Trump International Realty.

Source: UrbanDigs.com

PAGE 1 / 5

LUXURY REPORT / 3Q - 2016 — TRUMPINTERNATIONALREALTY.COM

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Continues to Rise

Supply

Activity Remains Soft

Contract

1YEAR

CHG CONDO

%

1YEAR

CHG TOWNHOUSE

%

1YEAR

CHG %

LUXURY REPORT / 3Q - 2016

LUXURY MARKET OVERVIEW BY PROPERTY TYPE

METRIC

CO-OP

Avg. Sales Price $8,278,109 +32.73% $8,036,273 +12.56% $9,798,914 -10.07%

Median Sale Price $6,075,000 +19.70% $6,366,563 +10.73% $7,675,000 -18.57%

Med. Price / Sq. Ft. $2,421 +26.62% $2,626 +11.74% $1,837 -7.08%

Days on Market 57 +15.15% 90 0.00% 64 -50.00%

Inventory 278 -16.77% 866 -3.02% 106 -34.97%

Luxury Threshold $4,250,000 +16.12% $4,250,000 +16.12% $4,250,000 +16.12%

CO-OP

CONDO

LUXURY MARKET SHARE BY CO-OP VS. CONDO

3Q - 2016 2Q - 2016 3Q - 2015

80%

80%

80%

60%

60%

60%

40%

40%

40%

20%

20%

20%

0%

0%

0%

Downtown

Midtown

East Side

Upper

Upper West Side

Downtown

Midtown

East Side

Upper

West Side

Upper

Downtown

Midtown

East Side

Upper

West Side

Upper

LUXURY MARKET INSIGHTS

record prices reached in early 2016 were mainly a reflection of new

The

deals signed in 2014 and 2015, with actual Luxury market activity

development

In fact, while the third quarter average sales price did show a 2.36%

lagging.

decline, year over year performance continues to show notable gains.

quarterly

Sales Prices Remain Strong

ahead, the luxury sector may be more sensitive to future price action to the

Looking

as new development sales wane out of the pipeline and reveal what

downside

appears to be a softening in the existing luxury resale market.

Source: UrbanDigs.com

LUXURY REPORT / 3Q - 2016 — TRUMPINTERNATIONALREALTY.COM

PAGE 2 / 5

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East Side

Upper

West Side

Upper

2% 5% 6% 2% 22%

8% 4% 2%

20%

1YEAR

CHG $2M-$5M

%

East Side

Upper

West Side

Upper

1YEAR

CHG $5M-$10M

%

1YEAR

CHG $10M+

%

East Side

Upper

West Side

Upper

1YEAR

CHG %

LUXURY REPORT / 3Q - 2016

CLOSED SALES BY PRICE POINT

3Q - 2016 2Q - 2016 3Q - 2015

19%

8%

8%

11%

10%

11%

29%

26%

27%

26%

27%

27%

Legend $0-$600k $600k-$1M $1M-$2M $2M-$3M $3M-$5M $5M-$10M $10M+

MARKET OVERVIEW BY PRICE POINT

METRIC

$1M-$2M

Avg. Sales Price $1.46M +0.21% $3.04M +2.62% $6.75M -1.47% $14.30M -8.67%

Median Sale Price $1.44M +1.05% $2.85M +3.64% $6.35M -2.79% $13.00M +0.47%

Avg. Price / Sq. Ft. $1,421 -1.86% $1,832 0.00% $2,591 +5.15% $3,762 -3.64%

Days on Market 51 +15.91% 68 +34.65% 84 -20.38% 196 +54.33%

Inventory 1245 +21.23% 1452 +22.22% 625 +5.40% 411 -3.52%

LUXURY MARKET SHARE BY LOCATION

3Q - 2016 2Q - 2016 3Q - 2015

44%

42%

33%

Downtown

Downtown

Downtown

24%

20%

25%

Midtown

Midtown

Midtown

18%

23%

24%

15%

15%

19%

Upper Manhattan

Upper Manhattan

Upper Manhattan

Source: UrbanDigs.com

PAGE 3 / 5

LUXURY REPORT / 3Q - 2016 — TRUMPINTERNATIONALREALTY.COM

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LUXURY REPORT / 3Q - 2016

LUXURY MARKET NUMBER OF SIGNED CONTRACTS

New Development

Resale

250

200

200

150

150

100

100

50

50

0

0

1Q - 2014 4Q - 2014 3Q - 2015 2Q - 2016

1Q - 2014 4Q - 2014 3Q - 2015 2Q - 2016

Legend Upper East Side Upper West Side Midtown Downtown Upper Manhattan Total Luxury Market

LUXURY MARKET INVENTORY

New Development

Resale

800

800

600

600

400

400

200

200

0

0

4Q - 2013 3Q - 2014 2Q - 2015 1Q - 2016

4Q - 2013 3Q - 2014 2Q - 2015 1Q - 2016

Legend Upper East Side Upper West Side Midtown Downtown Upper Manhattan Total Luxury Market

Source: UrbanDigs.com

LUXURY REPORT / 3Q - 2016 — TRUMPINTERNATIONALREALTY.COM

PAGE 4 / 5

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278 W 11 ST | $27,500,000

1.

907 FIFTH AVE | $26,720,000

2.

International Realty

Trump

Central Park South

108

York, NY 10019

New

212.247.7100

1YEAR

CHG 2Q - 2016

%

1QTR

CHG %

704.799.0700 Westchester: 914.373.6290

Charlotte:

305.392.4945 Las Vegas: 877.878.6711

Miami:

LUXURY REPORT / 3Q - 2016

LUXURY MARKET DAYS ON MARKET VS PRICE DISCOUNT %

140

10%

120

8%

100

6%

80

4%

60

2%

3Q - 2011

1Q - 2012

3Q - 2012

1Q - 2013

3Q - 2013

1Q - 2014

3Q - 2014

1Q - 2015

3Q - 2015

1Q - 2016

TOP LUXURY RE-SALES IN Q3

the past few years leverage in the luxury market has progressively shifted from

Over

to buyers, as macro-economic headwinds and supply overhangs slowly built

sellers

The above chart shows that the luxury market peaked in 2014, when days on

up.

and listing discount declined to record lows. Since, the sector experienced

market

3. 27 E 11 ST | $26,000,000

higher volatility and a shift in leverage towards the buy-side.

TOWNHOUSE MARKET OVERVIEW

METRIC 3Q - 2016 3Q - 2015

Avg. Sale Price $7,016,865 $6,995,245 +0.31% $6,765,622 +3.71%

Median Sale Price $6,187,500 $5,868,351 +5.44% $7,344,250 -15.75%

Med. Price / Sq. Ft. $1,556 $838 +85.68% $1,496 +4.01%

Days on Market 73 125 -41.60% 163 -55.21%

Inventory 124 187 -33.69% 199 -37.69%

Source: UrbanDigs.com

Jupiter: 561.691.8710 Chicago: 312.644.0900

LUXURY REPORT / 3Q - 2016 — TRUMPINTERNATIONALREALTY.COM

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