MANHATTAN & BROOKLYN | WEEKLY SCOOP
The High Line. @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: Jun 22 to 28th
MANHATTAN | CONDOS & CO-OPS
Increase. Last week, 258 contracts were reported signed in Manhattan, up 3% week-over-week and 8% year-over-year.
Streak. This was the first time since February that reported signed contracts have increased annually for three consecutive weeks.
Surge. New development sales drove the year-over-year increase with 41 signed contracts, an 86% annual increase.
Influence. As seen last week, 520 Fifth was key to the robust number of new development sales with 12 contracts reported signed.
Growth. Sales improved annually for 15 of 20 categories, including a 40% increase in contracts asking $3M to $5M.
What is the name of the iconic residential skyscraper in New York City that held the title of the world's tallest residential building upon its completion in 2014?
CORCORAN WEEKLY REPORT: Jun 22 to 28th
BROOKLYN | CONDOS & CO-OPS
Decline. Last week, 76 contracts were signed in Brooklyn, down 12% week-over-week and 16% year-over-year.
Variation. Compared to a year ago, condo contracts fell 30% (17 sales) whereas co-op sales improved 6% (two sales).
Shift. Sales under $2M declined 23% annually but improved 50% year-over-year over $2M.
Surge. Brooklyn Heights/Cobble Hill/Dumbo/Downtown Brooklyn had the largest increase in contract activity, a difference of six deals (up 35%).
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.