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Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – August 12-August 18, 2024

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MANHATTAN

 

In Manhattan, 186 new listings entered the market last week, up .6% from the previous week.

206 Manhattan contracts were signed last week, up 9% from the previous week.

15 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 13-0, with two townhouses in the mix.

Noteworthy new contracts last week were:

1.) 111 WEST 57TH STREET, 31 asking $14M.

2.) The townhouse at 32 EAST 22ND STREET asking $12.85M.

3.) 45 EAST 22ND STREET, 57TH FLOOR asking $12.5M.

 

BROOKLYN

 

In Brooklyn, 144 new listings entered the market last week, up 20% from the previous week.

Meanwhile, 126 Brooklyn listings entered contract last week, which was 10% more than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The multifamily semidetached townhouse at 1337 EAST 7TH STREET in Midwood, asking $4.5M.

2.) 280 SAINT MARKS AVENUE, PHA in Prospect Heights, asking $4.375M.

3.) 8 SOUTH 4TH STREET, 40B in Williamsburg, asking $4.37M.

 

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.

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With over a decade 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.

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