MANHATTAN & BROOKLYN | WEEKLY SCOOP
A moment from Central Park Tower. @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: October 19 to 25, 2024
MANHATTAN | CONDOS & CO-OPS
Last week, Manhattan saw an 18-week high of 249 contracts signed, up 24% week on week and 35% year on year.
Manhattan signed contracts have improved year-over-year for seven of the last eight weeks, with more than 15% gains.
New developments had their highest week since May 2022, with 47 contracts reported signed, representing a 422% increase year on year.
Contract activity was stable or improved across all product kinds, price ranges, submarkets, and bedroom types compared to 2023.
The highest condo/co-op contract signed in Manhattan last week was for $40,500,000 at which building?
CORCORAN WEEKLY REPORT: October 19 to 25, 2024
BROOKLYN | CONDOS & CO-OPS
Last week, 89 contracts were reported signed, an increase of 48% over the previous week but a 6% decrease year on year. Despite the annual drop, sales hit a 20-week high.
This was the second straight year-over-year dip, following eleven weeks of annual activity increases.
Condo sales decreased 15% from the previous year, while co-op activities grew by 9%.
Sales climbed annually in three of the six price groups, including the two most expensive sectors above $2 million.
Fort Greene/Clinton Hill/Prospect Heights experienced the highest nominal year-over-year increase, with six extra sales.
The highest condo/co-op contract signed in Brooklyn last week was for $3,900,000 at which building?
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.