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: Aug 17 to 23rd
MANHATTAN | CONDOS & CO-OPS
Last week, 185 contracts were reported signed in Manhattan, an 8% decrease from the previous week and 2% year on year.
The 2% year-over-year reduction amounted to only four fewer contracts signed than in the same week last year.
For the second week in a row, new development and resale condominium sales increased by double-digit percentages year on year.
Contract activity increased below 34th Street but declined above 34th Street compared to the previous year.
Sales over $5 million increased 75% (six contracts) year on year, the largest yearly growth in 10 months.
Top 5 Condo & Co-op contracts signed in Manhattan: which building had the highest sale price?
CORCORAN WEEKLY REPORT: Aug 17 to 23rd
BROOKLYN | CONDOS & CO-OPS
Last week, 58 contracts were reported signed, down 16% from the previous week but up 9% annually, marking the third straight year-over-year increase.
Both condo and co-op activity increased annually, by 3% and 22%, respectively.
Sales in three of the six price levels increased from 2023. The sub $500K category saw the greatest rise, with seven additional transactions.
Sales in nearly all submarkets increased year over year, with the exception of Williamsburg and Greenpoint, where a steep fall in the reporting of new development sales resulted in a 70% drop.
Condo & Co-op contracts signed above $3M in Brooklyn: which building had the highest sale price?
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.