201 West 70th Street
- ONE SHERMAN SQUARE -
Welcome!
Below you will find a weekly market update I create at the start of each week. Also below is information on myself, my team, and our building. Please feel free to reach out with any questions you might have, I am here to help.
The Weekly Manhattan Market Report - 03/02/2026
The Luxury Sector:
Thirty-two contracts were signed last week in Manhattan at $4 million and above, nine more than the previous week. Condos dominated, outselling co-ops 29-9, with three townhouses also in the mix. February 2026 closed with 123 luxury contracts signed, compared to 114 in February 2025. The most striking difference, however, was in total dollar volume. February 2026 generated $1.38 billion in signed contracts, with an average price of approximately $11.24 million, versus $954.9 million and an average of $8.38 million in February 2025. The reason: this year‘s deals were inked at significantly higher price points. The top contract was a townhouse at 15 E. 63rd St., asking $39.5 million, after being reduced from $65 million when it first came to the market two years ago. The second-highest contract was unit 18N at 175 5th Ave., asking $24.8 million, which began marketing off floorplan in September.
Overall City/Market Supply:
There are currently 5,376 listings on the market, about 7% less inventory than this time last year. Week-over-week, supply increased just .5%, continuing the pattern of minimal growth. Overall, inventory in early 2026 remains a noticeable step-down from the level seen at this point in recent years. Looking at the weekly supply numbers, 262 new listings came on the market, a 4.4% decline from the prior week. This marks three consecutive weeks of essentially flat supply growth, which is somewhat unusual for this time of year, when inventory typically begins to build on a week-over-week basis. Whether they slow down, is weather-related or simply a temporary pause before larger waves of listings hit the market remains to be seen.
Liquidity Pace (The 30-Day Pace of Buyer Demand):
The 30-Day liquidity pace shows 851 contracts signed over the rolling period., a 6% decline from last week and 3% below this point last year. For the month, February closed with 851 contracts signed, roughly 100 fewer than last year‘s total. On the weekly front, however, recent contract-signed activity shows a much stronger picture: 234 apartments went into contract last week, a 22.5% increase week-over-week. Despite the ongoing low-inventory environment, weekly contract signing activity is now at or exceeding last year’s levels, making it the most encouraging metric to report so far as we head into the early spring sales market.
201 West 70th Street
- 387 Units
- 41 Stories
- Built in 1971
One Sherman Square is a commanding postwar co-op tower featuring a welcoming circular driveway and surrounding gardens. Residents of the pet-friendly building enjoy a contemporary lobby, 24-hour doorman and concierge service, live-in superintendent, gym, laundry, a glorious landscaped roof deck with spectacular views, and an onsite parking garage.
One Sherman Square Sales By Year:
2025 - 32 Units Sold
2025 Sold Unit Breakdown
Number of Sales Per Month: 2025
2024 - 20 Units Sold
Sold Unit Breakdown
Number of Sales Per Month
About Dylan Hoffman
Dylan Hoffman
With a stellar track record of success spanning over two decades, Dylan Hoffman has become one of the most well-regarded brokers in New York City real estate. Known for his deft ability to simplify complicated transactions, stay abreast of the ever-evolving marketplace and connect with his clients in a meaningful way, he's a powerful resource for buyers, sellers, renters and investors. It's no surprise that his dynamic approach has driven The Hoffman Team at Compass to the upper echelons of New York City success: The team ranked No. 4 in transactions and No. 11 in dollar volume according to WSJ/REAL Trends.
As a New York real estate investor himself, Dylan is ever-mindful of the fact that he's dealing with his clients' most prized assets, which drives his laser-focus on maximizing value. He's assembled an extensive local network, and he provides expert guidance in everything from securing financing and legal advice to finding the best architects and contractors. From the initial consultation to the closing table, Dylan is a trusted advisor, skilled negotiator and expert broker ready to help clients exceed their unique real estate goals.
A California native, Dylan studied theater at California State University, putting himself through college and an acting conservatory with a multitude of roles in commercials, on television and with national touring companies. Today, Dylan resides on the Upper West Side with his wife and two children. In his free time, he can be found with his family, enjoying Central Park or exploring Manhattan on a CitiBike.
Past & Current Building Deals:
Emma’s Favorite Neighborhood Spots:
Central Park
72nd Street & Riverside Drive Dog Run
Riverside South Dog Run (72nd Street, under the highway)
South Riverside Park Dog Run (Riverside Blvd. btw 66th/65th)
87th Street Dog Run (Riverside Park at 87th Street)
Bull Moose Dog Run (81st Street and Columbus Avenue, by the Museum of Natural History)