MANHATTAN & BROOKLYN | WEEKLY SCOOP
NYC Summer Nights. @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: July 27 to Aug 2nd
MANHATTAN | CONDOS & CO-OPS
Last week, 235 contracts were signed in Manhattan, marking an 18% increase from the previous week and a 20% rise from the same period last year.
Sales have grown year-over-year in seven of the last eight weeks, a trend last seen about six months ago.
New development sales showed the largest annual increase, with signed contracts up 52% compared to 2023.
As is typical for this time of year, it was the slowest week for sales over $5M since December, with no sales exceeding $10M.
For only the second time in 2024, four of the top five sales last week were resale listings.
Which NYC restaurant is famous for its “Black & White” cookie, often referred to as a New York City classic?
CORCORAN WEEKLY REPORT: July 27 to Aug 2nd
BROOKLYN | CONDOS & CO-OPS
Last week, 82 contracts were signed in Brooklyn, reflecting a 5% week-over-week increase but a 7% year-over-year decline.
Condo sales dropped 23% compared to 2023, while co-op contracts rose by 41%.
Four out of six price ranges either maintained or saw increased activity from the previous year, including an 18% rise in sales under $500K.
Strong co-op activity drove South Brooklyn's annual sales increase to the highest level among submarkets, up 69% (nine contracts).
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.