Saadiah Fowlkes’ Post

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 April 27 to May 3, 2024.    Below are some key highlights from the week:   78 contracts were signed last week, down 38% year-over-year and up 3% from the previous week. Both condo and co-op contracts were down annually. Co-op activity was stronger with just one fewer sale while condo transactions were down 47. All price segments declined 30% or more annually except $2M to $3M, which had no year-over-year change. Brooklyn Heights/Cobble Hill/Dumbo/Downtown Brooklyn was the only submarket with an annual increase in sales, up 42%. Last week's most expensive contract was a sponsor sale at Quay Tower, offering views of the Manhattan skyline and the New York Harbor.

My beautiful Gramercy Park with the fall season on its way🌳 ~ Here's to take a quick review of Manhattan Condo & Co-Op Sales: August 2024 by The Corcoran Group ~ Contract activity holds steady while days on market increases. Average price per square foot declines while discounts remain prevalent. 💫In August 2024, Manhattan sales saw a slight improvement versus a year ago, with 875 contracts — up 1% year-over-year. 💫Marketwide, reported sales rose annually for all price points except those between $1M and $2M. 💫Listed inventory in Manhattan rose a minimal 1% year-over-year. At the end of the month, active listings totaled 6,315 units, level with the 10-year average for August. 💫Discounts off last ask, based on Corcoran contracts signed in August, averaged -5.4%, deepening by 2% versus last year. 📩DM if you'd like to receive the Full Report. #gramercypark #livewhoyouare #behome #corcoranmarketreport #thecorcorangroup #nycrealestate #luxuryhomes #sellingnyc #jenniemarealestate

Broader market trends for co-op and condo sales in Manhattan show a mixed picture. Contracts rose by 10% compared to April but saw a 6% YoY decrease versus May 2023. Units priced between $1 million and $2 million demonstrated the highest activity levels, as observed in previous months. Inventory increased by 1% in May, with discounts off the last asking price being common for both co-ops and condos. For a detailed analysis and full monthly report by neighborhood and price, check out the link provided. #ManhattanRealEstate #MarketTrends #RealEstateAnalysis

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.

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.

Last week in Manhattan, 23 contracts for properties priced at $4 million and above were signed, an increase of three from the previous week. Condos led the sales with 16 transactions, while co-ops had only 3. There was also 1 condop and 3 townhouses sold. In the past four weeks, 85 contracts were recorded at the $4 million price point, slightly below the 88 contracts from the same period last year. The average for this time in July over the last decade is 78 contracts. What does this mean? The market is currently favorable for smart buyers who see this as the BEST TIME TO BUY! Sellers are adjusting their prices to prevent their listings from becoming stale. Feel free to reach out if you have any questions or want to discuss the latest market trends! 😉 Email: Awernick@cbwarburg.com Website: andreawernick.com #SuccessInTheCity #luxuryrealestate #ManhattanRealEstate #LuxuryLiving #realestateagent #BUYandSELLwithME📞 #askandrea #coldwellbankerwarburg

Navigating the vibrant streets of Brickell, Miami, you're struck by the sheer luxury of condos and homes, each telling its own story of splendor. But behind these walls lies a market as intricate as the architecture itself. That's where an expert realtor doesn't just add value, they ARE the value 🔑. A seasoned realtor with local expertise can uncover hidden gems and opportunities that may escape the untrained eye. Here's why choosing the right realtor in Miami's Brickell neighborhood is crucial: 🏠 Market Mastery: Timing in real estate is everything, especially in Brickell where the market beats to its own drum. Local realtors have their finger on the pulse! They know when to list, when to wait, and most importantly, how to price. 🔍 Exclusive Access: Some of the best properties are the ones you never knew were for sale. Experienced realtors have access to exclusive listings and can open doors to properties that you won’t find online. 🤝 Negotiation with Finesse: The art of the deal in Brickell isn't just about numbers, it's about knowing the ins and outs of each negotiation. A skilled realtor can navigate these waters with tactical precision, ensuring the best outcome. 💼 Professional Network: In a place like Miami, who you know matters as much as what you know. Top realtors come with a network of contacts including lawyers, inspectors, and bankers who can make the process seamless. 🌟 Market insight: There's a story behind every sale and purchase in the luxury real estate market. Local expert realtors can provide insights into what drives value in Brickell and how to leverage those elements in your favor. Whether buying or selling, aligning yourself with a realtor who has a deep understanding of Brickell can be the difference between a good deal and a great one. Wondering how to find the right expert for your Brickell real estate venture? Reach out and let's connect! My cell is 305-984-4875 and my website www.oliversellsmiami.com #BrickellRealEstate #LuxuryCondos #ExpertRealtor #RealEstateTips #MiamiHomes #SellWithConfidence #BuySmart #buywitholiver

💫 Corcoran Weekly Market Snapshot 💫 We are pleased to present our snapshot of Manhattan condo and co-op contracts signed from October 12 to 18, 2024. Below are some key highlights from the week: • Last week, 201 contracts were signed in Manhattan, down 17% week-over-week and 4% year-over-year. •This was the first time in eight weeks that Manhattan signed contracts declined on an annual basis. •All product types saw signed contracts fall by single-digit annual percentages. •Although marketwide signed contracts declined versus 2023, sales over $5M rose 17% (two sales) year-over-year. •The top sale was 14A at The Surrey Residences (20 East 76th Street) asking $24.250M ($4,863 per square foot).

🏙️ Exciting Update: Manhattan Condo & Co-op Sales Summary 🏙️ We're delighted to share some encouraging trends from Manhattan's real estate market from February 24, 2024, to March 1, 2024: 📈 Despite a slight increase of <1% WoW, 215 contracts were signed, showing resilience. 📊 While most categories experienced declines compared to last year, there are signs of stabilization. 🔍 The 23% annual decline, while notable, reflects a market adjusting after a robust period. 📉 Last week's performance marks a unique moment, with the lowest February final-week activity since 2009. 📈 February 2024 ended positively with over 900 signed contracts, up 3% from 2023. These insights suggest a market finding its footing, with opportunities for both buyers and sellers. Stay tuned for more updates! #ManhattanRealEstate #MarketTrends