MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Up. @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 12 to 18, 2024
MANHATTAN | CONDOS & CO-OPS
Last week, 201 contracts were signed in Manhattan, a 17% decrease from the previous week and 4% year on year.
This was the first time in eight weeks that Manhattan signed contracts declined on an annual basis.
All product classes saw signed contracts decline by single-digit annual percentages.
Although marketwide signed contracts fell compared to 2023, sales exceeding $5M increased 17% (two sales) year on year.
What building had the highest cost condo and co-op deal signed last week? Deal amount: $24,250,000
CORCORAN WEEKLY REPORT: October 12 to 18, 2024
BROOKLYN | CONDOS & CO-OPS
Last week, 60 contracts were reported signed, a 20% decrease from the previous week and a 5% increase year over year.
The year-over-year decrease follows eleven weeks of straight annual increases in activity.
Condo sales fell 24% from last year, while co-op activity increased 44%.
Sales rose annually in three of the six price levels. The $1 million to $2 million price bracket saw the greatest rise, with seven new contracts.
Fort Greene/Clinton Hill/Prospect Heights saw the biggest nominal year-over-year increase, with five more sales.
For the first time since March, no sales exceeding $3 million were reported 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.