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- Tarik's Weekly Scoop—February 8 to 14, 2025
Tarik's Weekly Scoop—February 8 to 14, 2025
Tarik's Weekly Scoop - February 8 to 14, 2025
Tarik Peat
February 19, 2025
MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Up 🫣. @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.
Tarik, a Jamaican developer's grandson, specializes in luxury NYC real estate, and he is an owner of Airbnbs. Tarik enjoys connecting with you and sharing his expertise, as well as utilizing Corcoran's commanding resources and influence to place you in the best possible position to complete a sale or purchase. What questions do you have about real estate?
WEEKLY REPORT: Feb 8 to 14, 2025
MANHATTAN | CONDOS & CO-OPS
Rising Contracts: Manhattan saw a moderate increase in contracts signed, especially in the mid-luxury segment ($2M-$5M).
Stable Prices: Average sale prices held steady, with luxury properties seeing more movement, particularly in prime locations.
Neighborhood Activity: Upper West Side and Downtown Manhattan were the busiest, while Midtown saw slower sales.
More Inventory: Compared to last year, contract activity is slightly higher, but rising inventory is giving buyers more room to negotiate.
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WEEKLY REPORT: Feb 8 to 14, 2025
BROOKLYN | CONDOS & CO-OPS
Active Market: Contracts signed remained steady, with Williamsburg and Park Slope leading in demand. Other areas saw consistent buyer interest but at varying levels.
Price Trends: Median sale prices increased slightly, while price per square foot remained stable, indicating a balanced market.
Inventory Growth: Outer Brooklyn saw more listings, giving buyers more options and slightly slowing price growth in certain areas.
Year-over-Year Growth: Compared to February 2024, contract activity is up, showing strong buyer confidence despite shifting economic conditions.
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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.