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Weekly Market Update

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

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MANHATTAN

 

In Manhattan, 121 new listings entered the market last week during the Fourth of July holiday week, down 44% from the previous week.

168 Manhattan contracts were signed last week, down 30% from the previous week.

17 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 9-6, with two townhouses in the mix.

Noteworthy new contracts last week were:

1.) 430 EAST 58TH STREET, PH76, asking $21M.

2.) 184 EAST 75TH STREET, asking $13.95M.

3.) The 23rd Floor at 201 EAST 74TH STREET, asking $12.5M.

 

BROOKLYN

 

In Brooklyn, 112 new listings entered the market last week, down 34% from the previous week.

Meanwhile, 102 Brooklyn listings entered contract last week, which was 30% fewer than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The multifamily building at 235 Berry Street in Williamsburg, asking $12M.

2.) The townhouse at 11 SOUTH OXFORD STREET in Fort Greene, asking $7.5M.

3.) The townhouse at 127 HICKS STREET in Brooklyn Heights, asking $7.5M.

 

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.

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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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