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MANHATTAN & BROOKLYN | WEEKLY SCOOP
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The In-Between
Hi {{ First Name | Scooper }}! Just like our favorite streaming series, every story has a beginning, an end, and the all-important in-between.
In-between each monthly scoop, NYC’s real estate market continues to churn with transactions. I’m here to keep you in the loop. Expect a concise, weekly snapshot of the market’s latest moves—straight to the point, just for you.
Home insurance rates up by 76% in some states
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WEEKLY REPORT: Nov 8 to 14, 2025
MANHATTAN | CONDOS & CO-OPS
Luxury market hit the brakes hard: Just 15 contracts signed above $5M—down a staggering 57% from the prior week and 46% year-over-year—marking the sharpest luxury decline in eight weeks and erasing October's momentum
New development sales cratered: Only 22 new development contracts signed represents a 45% annual collapse, the worst new-dev performance in three years as buyers backed away from premium pricing
The ultra-luxury vanished completely: Zero contracts signed above $20M (down 100%), just 4 between $10M-$20M (down 33%), creating an eerie silence at the market's peak
Co-ops are the unexpected winners: Resale co-ops posted 125 contracts with a +12% annual gain, while condos fell 6%, confirming the co-op resurgence isn't just talk—it's happening
Geography tells opposing stories: Upper Manhattan surged +50% annually, while Upper West Side dropped 29% and Upper East Side fell 23%, proving October's patterns are fragmenting further
Insight 💡
Welcome to Tarik’s Scoop – Beyond the Numbers, where we cut through the data and focus on practical knowledge.
The Psychology of Pricing: Why Buyers React to the First Seven Days
In NYC, buyers don’t just evaluate homes — they evaluate timing. Correctly priced listings in the first seven days consistently attract more traffic, prompt second looks, and generate cleaner offers. Overpricing, even slightly, can push a listing into “stale territory,” forcing future reductions and weakening negotiating power. In November markets, where buyers are selective and the pace is quieter, first impressions matter more than ever.
Your pricing strategy shapes buyer psychology — especially in November.
Thinking of listing soon? [Let’s plan] a price for momentum, not corrections.
WEEKLY REPORT: Nov 8 to 14, 2025
BROOKLYN | CONDOS & CO-OPS
Brooklyn stabilized but didn't recover: 105 contracts signed represents flat year-to-date performance (0% YTD) and only 3% below last year—a dramatic improvement from October's 12% annual decline
Townhouses are suddenly hot: Single-family homes and townhouses exploded with +88% week-over-week and +50% annually, while condo/co-op contracts over $1M collapsed 43%—a complete value rotation
The affordable segments are working: Properties under $750K posted gains (+7% and +29% annually), while everything above $1M contracted sharply, with the $2M-$3M range down 32%
Bushwick emerged as the growth leader: Posting the largest annual increase at +20%, while traditional strongholds like Williamsburg/Greenpoint fell 25%—the borough's hierarchy is being rewritten
New development continues bleeding: Just 17 new-dev contracts (-32% YoY) confirms buyers aren't paying premiums for new construction in Brooklyn's current environment
As the grandson of a Jamaican developer, real estate has always been part of my life. I love helping people buy, sell, and invest in NYC—especially in Greenwich Village and luxury homes. Owning short-term rentals myself, I understand the practical side of investing. With Corcoran’s resources, I aim to make every step simple, clear, and focused on your goals.
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.