MANHATTAN & BROOKLYN | WEEKLY SCOOP
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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: Sep 28 to Oct 4th 2024
MANHATTAN | CONDOS & CO-OPS
Last week, Manhattan saw a ten-week high of 220 contracts signed, up 9% week on week and 25% year on year.
Manhattan signed contracts have now improved on a yearly basis for six straight weeks.
New development sales increased the most year over year, nearly doubling from the previous year.
Contract activity increased by double- or triple-digit annual rates in all submarkets except Midtown.
Last week's most expensive contracts signed in Manhattan
CORCORAN WEEKLY REPORT: Sep 28 to Oct 4th 2024
BROOKLYN | CONDOS & CO-OPS
Last week, 83 contracts were reported signed, an increase of 28% over the previous week and 24% year on year, marking the ninth straight year of growth.
Sales reached a 15-week high at 83 contracts.
Condo sales declined 13% from last year, but co-op activity more than doubled due to transactions in both Brooklyn Heights and South Brooklyn.
Sales rose compared to 2023 in five of the six price groups.
Only the $2M to $3M category experienced an annual drop.
Carroll Gardens/Boerum Hill/Red Hook experienced the highest nominal year-over-year growth, with 10 new sales.
Last week's most expensive contract signed in Brooklyn?
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.