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.
CORCORAN WEEKLY REPORT: APR 20 to 26
MANHATTAN | CONDOS & CO-OPS
In Manhattan, 243 contracts were reported signed last week, representing a 1% increase week-over-week and a notable 14% increase year-over-year.
This marked the largest year-over-year gain in signed contracts observed in the past six weeks.
Despite steady sales over the past month, the market has not experienced a significant surge in activity typical of the Spring season.
Both new development and resale co-op sales showed improvement, although resale condo sales declined compared to 2023.
Sales in the over $5 million price range surged by 31% annually, reaching a 46-week high with 21 signed contracts.
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CORCORAN WEEKLY REPORT: APR 20 to 26
BROOKLYN | CONDOS & CO-OPS
Last week, 76 contracts were signed, reflecting a 28% decrease year-over-year and a 5% decrease from the previous week.
Both condo and co-op contracts showed annual declines, with condo sales decreasing by seven deals and co-op transactions down by 22.
Sales under $1 million experienced a significant 43% year-over-year decline, while transactions over $1 million saw a 10% increase.
The Fort Greene/Clinton Hill/Prospect Heights area showed the largest annual increase in activity, with seven additional sales compared to the previous year.
The most expensive sale last week was the penthouse residence at 110 North 1st Street, exceeding $3 million. This luxurious property features floor-to-ceiling windows and private outdoor space.
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.