News: New Dev Contracts Cap Boom Year With $1 Billion December (The Real Deal)

New development contracts finished the year with a slight holiday dip, capping off a promising 2021.

Buyers signed contracts for 341 new development condos across the city in December, according to a monthly analysis by Marketproof, a 15 percent decrease from November’s 413 deals. The 341 units were asking a combined $1.03 billion.

“As we head into the New Year with a new mayor and with retail and commercial activity also trending upward, the residential ecosystem is primed for continued growth into 2022,” said Marketproof CEO Kael Goodman, who authored the report.