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Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – August 5-August 11, 2024

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MANHATTAN

 

In Manhattan, 180 new listings entered the market last week, up 4.7% from the previous week and the third lowest weekly count in 2024.

196 Manhattan contracts were signed last week, up 8.3% from the previous week.

16 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 10-5, with one townhouse in the mix.

Noteworthy new contracts last week were:

1.) 1295 MADISON AVENUE, PENTHOUSE asking $19.5M.

2.) The Beresford 211 CENTRAL PARK WEST, 19B asking $12.95M.

3.) 84 MERCER STREET, 3E asking $8M.

 

BROOKLYN

 

In Brooklyn, 136 new listings entered the market last week, down 15% from the previous week.

Meanwhile, 115 Brooklyn listings entered contract last week, which was .9% more than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 615 3RD STREET in Park Slope, asking $6.495M.

2.) 413 DEGRAW STREET in South Slope, asking $5.475M.

3.) 9 COLLEGE PLACE, PH5A in Brooklyn Heights, asking $3.995M.

 

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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