So far, July has failed to produce a single deal on a Manhattan home priced at over $10 million, something that hasn’t happened in almost a decade, according to Monday’s Olshan Report.



“For the third straight week, not a single property went to contract at $10 million and above, a never-before-recorded stat since we started publishing this report in 2010,” wrote Donna Olshan, president of Olshan Realty and author of the report.



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The slump coincides with the July 1 introduction of the city’s progressive mansion tax.

The new rules raised the mansion tax from 1% on home sales over $1 million to a progressive tax of 1.25% on sales between $2 million and $3 million, up to as much as 3.9% on sales of homes of $25 million or more.



Though no homes broke the $10 million barrier, there were 13 contracts signed at $4 million or more—the report’s benchmark for luxury—across Manhattan in the week ending Sunday.



The total value of contracts signed last week was $75.3 million, not an impressive total by any means, but above the dismal $51.2 million logged the week before.



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The priciest contract signed was for an apartment at 90 Morton Street in the West Village—a former printing plant. The four-bedroom condo was asking $8.62 million and spans 2,914 square feet.



The second most expensive deal was on a condo at One West End, close to the Lincoln Center. The four-bedroom home was asking $8 million and has access to building amenities such as a pool and private cabanas.



Of the 13 contracts signed last week, nine were condos, two were co-ops and two were townhouses; no luxury condops entered contract.

