MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Around. 🫣 @tarikpeat
The In-Between
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.
As the grandson of a Jamaican developer and seasoned short-term rental investor, Tarik brings generational real estate knowledge to luxury NYC properties and Greenwich Village specialization. He's passionate about connecting with clients and sharing his expertise while leveraging Corcoran's extensive resources and strong market influence to position you for successful transactions. I'd love to hear all of your real estate questions today!
WEEKLY REPORT: July 12 to 18, 2025
MANHATTAN | CONDOS & CO-OPS
Premium Segment Weakness: Luxury sales above $3M are underperforming with a 3% annual decline, while the broader market shows resilience with year-over-year contract growth of 1%, signaling potential shifts in high-net-worth purchasing patterns.
New Development Momentum: New development contracts surged 45% week-over-week to 29 units versus 20, indicating strong institutional and developer confidence despite broader market headwinds affecting resale properties.
Geographic Divergence: Financial District and Battery Park City contracts jumped 40% while Upper West Side declined 31%, reflecting post-pandemic migration patterns and infrastructure investment impacts on neighborhood valuations.
Product Mix Rebalancing: Two-bedroom units gained 6% market share while studios and one-bedrooms contracted, suggesting family formation trends and space optimization driving purchasing decisions among affluent buyers.
Market Velocity Indicators: With 213 total contracts representing the third-best July performance in four years, transaction volumes demonstrate underlying market stability despite interest rate pressures.
WEEKLY REPORT: July 12 to 18, 2025
BROOKLYN | CONDOS & CO-OPS
Recovery Trajectory: Weekly contract activity surged 19% to 63 units, though annual performance remains 20% below prior year levels, indicating a market in transition rather than sustained growth.
Mid-Tier Strength: The $1M-$2M segment expanded 38% while $2M-$3M contracts increased 150%, suggesting wealthy buyers are finding value propositions in Brooklyn's premium market tiers.
Condo Outperformance: Condominium contracts rose 27% week-over-week compared to 5% for co-ops, reflecting buyer preferences for ownership flexibility and potentially indicating institutional investment interest.
Family-Oriented Demand: Three-bedroom contracts jumped 57% and two-bedrooms gained 24%, signaling continued migration of families seeking space and value outside Manhattan's premium markets.
Selective Submarket Performance: Only three of the tracked submarkets showed growth, with most areas experiencing contractions, indicating highly localized demand patterns requiring targeted investment strategies.
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.