MANHATTAN & BROOKLYN | WEEKLY SCOOP
A morning ride.
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: May 4 to May 10
MANHATTAN | CONDOS & CO-OPS
Last week, 263 contracts were reported to have been signed in Manhattan, up 23% week-over-week but down 5% year-over-year.
This was the highest number of signed contracts reported in eight weeks, which was also the case in 2023.
The second week of May is typically the strongest or second-best week of the year for contract activity in Manhattan.
Nine of 20 categories saw year-over-year gains in activity, including a 67% increase in Financial District & BPC sales.
At 23 contracts signed, this was the strongest week for sales over $5M since the week of May 27 to June 2, 2023.
It was also the fourth consecutive week with 20 or more sales over $5M, something that last happened in spring 2022.
Which building had the highest signed contract last week?
CORCORAN WEEKLY REPORT: May 4 to May 10
BROOKLYN | CONDOS & CO-OPS
83 contracts were signed last week, down 11% year-over-year but up 6% from the previous week.
This was the second largest number of contracts signed in the last six weeks.
Both condo and co-op contracts were down 11% annually. Condo activity was stronger, with 50 transactions.
Four of the six price segments declined annually except $750K to $1M and $1M to $2M, which both increased by double-digits.
Williamsburg/Greenpoint had the largest annual increase in sales, with eight more contracts signed than a year ago
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.