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Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – July 15-July 21, 2024

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MANHATTAN

 

In Manhattan, 288 new listings entered the market last week, up 2% from the previous Independence Day week.

206 Manhattan contracts were signed last week, up 17% from the previous week.

18 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 9-8, with one townhouse in the mix.

Noteworthy new contracts last week were:

1.) Armani Residences 760 MADISON AVENUE, PH11, asking $$32.5M.

2.) Central Park Tower 217 WEST 57TH STREET, 65E, asking $$23,433,000.

3.) The Beresford 211 CENTRAL PARK WEST, 16G/17G, asking $17.5M.

 

BROOKLYN

 

In Brooklyn, 180 new listings entered the market last week, down 3.7% from the previous week.

Meanwhile, 139 Brooklyn listings entered contract last week, which was .7% more than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) 1 CLINTON STREET, 33B in Brooklyn Heights, asking $4.995M.

2.) The townhouse at 38 TOMPKINS PLACE in Cobble Hill, asking $4.55M.

3.) The townhouse at 223 GARFIELD PLACE in Park Slope, asking $3.899M.

 

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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