Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – April 1-7, 2024

Share this on:

MANHATTAN

 

In Manhattan, 528 new listings entered the market last week, up 50% from the previous week, which is consistent with past years for this particular week of this year.

206 Manhattan contracts were signed last week, down 15.2% from the previous week–which was also an unusual move down for this time of year.

17 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 12-1, with four townhouses in the mix. Noteworthy: Luxury sector (5M+) contract volume so far in 2024 is outperforming most (but not all) other years in the past decade.

Noteworthy new contracts last week were:

1.) 432 Park Avenue #37B, asking $12.4M

2.) The townhouse at 244 West 11th Street asking $10M,

3.) 50 West 66th Street #10F asking $8.650M.

 

BROOKLYN

 

In Brooklyn, 267 new listings entered the market last week, up 54% from the previous week, which is also consistent with past years for this particular week of this year.

Meanwhile, 137 Brooklyn listings entered contract last week, which was 1.5% more than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 1 Sidney Place (130 Joralemon St.) in Brooklyn Heights, asking $22.5M

2.) 50 Garden Place in Brooklyn Heights, asking $3.48M

3.) 11 Hoyt Street #PHA in DTBK, asking $5.5M

 

Data for this report is deemed reliable at the time of collection, but is not guaranteed accurate. Data points were collected from ReSource and Urbandigs. Analysis and conclusions are subject to errors, omissions and revisions.

Local Knowledge and a Global Network

With decades of expertise in Manhattan and Brooklyn, Brandon Mason looks forward to providing you with a real estate experience that is second to none. Feel free to explore our website, and contact Brandon with any questions you may have.

Let's Connect