The Bracha Team at Corcoran’s Post

Our Manhattan condo and co-op contracts signed report from June 29 to July 5, 2024 has arrived! ✈️🏙️ Below are some key highlights from the week: Last week, 179 contracts were reported, down 31% week-over-week due to the Fourth of July but up 25% year-over-year. Sales rose annually for a fourth consecutive week and are now up a cumulative 13% versus the same four weeks in 2023. All product types saw year-over-year increases in contract activity, led by a 29% annual gain in resale co-op sales. Versus 2023, signed contracts rose 30% under $5M but fell 13% over $5M, the first annual drop over $5M in a month. The top contract was Corcoran Sunshine's PH76 at Sutton Tower asking $21M ($4,570 PSF). This was the highest-priced contract ever reported in Beekman/Sutton Place (48th Street to 59th Street, east of First Avenue). Questions? Feel free to reach out to us! #espinaladlernyc #espinaladler

🌟 THE CORCORAN REPORT| MANHATTAN WEEKLY SNAPSHOT🌟 We are pleased to present our snapshot of Manhattan condo and co-op contracts signed from August 10 to 16, 2024. Below are some key highlights from the week: * Last week, 204 contracts were reported signed in Manhattan, up 1% week-over-week and 6% year-over-year. * This was the eighth annual increase in signed contracts in ten weeks and the strongest second week of August since 2021. *Versus 2023, new development and resale condo rose by double-digit percentages while resale co-op sales fell slightly. *Five of six submarkets displayed year-over-year improvements in contract activity; Midtown sales dipped versus 2023. *The top contract was the penthouse at 50 United Nations Plaza asking $39.950M ($4,117 PSF). This apartment originally asked $70M ($7,213 PSF) when the building launched in 2013 and has been on and off the market multiple times.

Below are some key highlights from the week of March 9th: - Last week, 256 contracts were signed in Manhattan, up 12% week-over-week but down 6% year-over-year. - The nearly 260 signed contracts was the highest number of reported contracts since the second week of May 2023. - Resale condo sales, contracts over $1M, and Upper East Side and Upper West Side activity improved versus 2023. - The top contract was 50 West 66th Street 41NS asking $46.750M ($6,734 PSF). This was the fourth contract over $40M reported so far this year. In 2023, only one contract over $40M was reported in the first 11 weeks of the year.

🌟 THE CORCORAN REPORT| MANHATTAN WEEKLY SNAPSHOT🌟 I am pleased to present our snapshot of Manhattan condo and co-op contracts signed from July 20 to 26, 2024. Below are some key highlights from the week: • Last week, 200 contracts were reported signed in Manhattan, down 5% week-over-week but up 5% year-over-year. •This was the sixth time in seven weeks that Manhattan contract activity increased on an annual basis. •Versus a year ago, resale condo sales improved, but resale co-op and new development contracts declined. •Compared to a year ago, contract activity improved north of 59th Street but declined south of 59th Street. •The top contract was a Corcoran Sunshine listing: the 50th floor at 111 West 57th Street asking $26.95M ($6,000 PSF).

Below are some key highlights from the week of February 17th: - Last week, 214 contracts were signed in Manhattan, down 8% week-over-week but up 3% year-over-year. - This was the sixth time in eight weeks that contract activity was stronger than 2023. - Versus a year ago, new development and resale co-op sales improved, but resale condo contracts declined. - Signed contracts in every price range over $1M were level or improved compared to a year ago. - This was the best week for contracts asking over $5M since September 2023.

I am pleased to present The Corcoran Group snapshot of Brooklyn condo and co-op contracts signed from March 16 to 22, 2024.    Below are some key highlights from the week: 86 contracts were signed last week, down 11% year-over-year but up 8% from the previous week, representing the most sales since October. The week-over-week increase in contract activity was due to a jump in co-op sales, up 55%. Activity slowed relative to a year ago for all price points except $1M to $2M, where more sales occurred in Williamsburg & Greenpoint. The neighborhoods just south of Prospect Park had the largest nominal annual increase in activity, up eight sales. Last week's most expensive sale was a penthouse at 11 Hoyt. This was Brooklyn's highest priced 2 bedroom sale in the past year.

💫 Corcoran Weekly Market Snapshot 💫 We are pleased to present our snapshot of Manhattan condo and co-op contracts signed from September 7 to 13, 2024. Below are some key highlights from the week: ✨Last week, 179 contracts were signed in Manhattan, up 13% versus the previous week and 16% year-over-year. ✨This was the first time since June that sales rose by a double-digit annual percentage for two consecutive weeks. ✨Including last week's 74% annual gain, resale condo sales have now increased year-over-year for five straight weeks. ✨Sales over $5M jumped 225% (nine sales) compared to 2023, their most significant annual gain since December 2021. ✨The top sale was 170 East End Avenue PH2B asking $16.995M ($3,456 PSF), a full-floor penthouse with three terraces. ✨Corcoran Sunshine represented three of the top five highest-priced contracts reported signed last week.

I am pleased to present The Corcoran Group snapshot of Brooklyn condo and co-op contracts signed from April 20 to April 26, 2024.    Below are some key highlights from the week:   76 contracts were signed last week, down 28% year-over-year and 5% from the previous week. Both condo and co-op contracts were down annually. Condo sales were down by seven deals while co-op transactions were down by 22. While sales under $1M were down 43% year-over-year, transactions over $1M increased 10%. Fort Greene/Clinton Hill/Prospect Heights had the largest annual increase in activity, up by seven sales. Last week's most expensive sale was the only contract to exceed $3M. The penthouse residence at 110 North 1st Street offers floor-to-ceiling windows and private outdoor space.  

I am pleased to present The Corcoran Group snapshot of Brooklyn condo and co-op contracts signed from July 27 to August 2, 2024.    Below are some key highlights from the week:   Last week, 82 contracts were reported signed, up 5% week-over-week but down 7% year-over-year. Versus 2023, condo sales fell 23% year-over-year, whereas co-op contracts increased 41%. Four of six price ranges reported level or increased activity versus a year ago, including an 18% increase in sales under $500K. South Brooklyn had the largest annual increase in sales of any submarket, up 69% (nine contracts) because of strong co-op activity. Last week's most expensive deal was at 444 12th Street, the Ansonia Clock Factory in Park Slope. PHE features views of the New York Harbor and a large terrace.

Below are some key highlights from the week of April 20th: - Last week, 243 contracts were reported signed in Manhattan, up 1% week-over-week and 14% year-over-year. - This was the largest year-over-year gain in signed contracts in the past six weeks. - Sales have been very steady for the past month. However, the market has not yet seen a large Spring boost in activity. - New development and resale co-op sales improved but resale condo sales fell versus 2023. - Sales over $5M rose 31% annually to a 46-week high of 21 signed contracts.