MANHATTAN & BROOKLYN | WEEKLY SCOOP
Soho Life. @tarikpeat
The In-Between
Similar to our favorite streaming shows, there's a beginning, an end, and everything in between.
In the heart of New York City's bustling real estate seasons - spring and fall - I aim to bring you a condensed weekly update to keep you plugged into the latest action.
Discover your next chapter with an amazing New York City home tailored to your desires, or take a moment to explore the ins and outs of your upcoming real estate journey. I am also happy to share my experience on the NYC market, which I have gained as an agent, investor, and homeowner.
- Tarik
CORCORAN WEEKLY REPORT: July 13 to 19th
MANHATTAN | CONDOS & CO-OPS
Last week, 211 contracts were reported signed in Manhattan, marking a 3% increase from the previous week and an 8% rise compared to the same period last year.
This marks the fifth time in six weeks that signed contracts have increased on an annual basis in Manhattan.
Resale condo and co-op sales improved compared to a year ago, while new development sales declined by 23% annually.
For the first time in 2024, no price range showed a year-over-year decrease in signed contracts.
Which NYC park is the most expensive to live near, with the highest real estate prices?
CORCORAN WEEKLY REPORT: July 13 to 19th
BROOKLYN | CONDOS & CO-OPS
Last week, 77 contracts were signed, reflecting a 3% decrease from the previous week and a 16% drop compared to the same period last year.
The annual decline was driven by the condo market, which saw a 29% decrease. In contrast, co-op sales increased by 10%.
Sales priced over $2 million rose by 20% year-over-year, while those under $500,000 grew by 30% annually. All other price ranges experienced double-digit declines.
Brooklyn Heights, Cobble Hill, Dumbo, and Downtown Brooklyn were one of only two submarkets to see an annual increase in sales, as both Downtown Brooklyn condo and Brooklyn Heights co-op sales activity improved.
All information contained within this document is intended for informational purposes only and is sourced from sources that are considered reliable. Although the information is believed to be accurate, it is presented subject to omissions, errors, modifications, or withdrawal without prior notice. This is not intended to solicit property that has already been listed. Equal Housing Opportunity.