I am pleased to present The Corcoran Group snapshot of Brooklyn condo and co-op contracts signed from August 10 to August 16, 2024.
Below are some key highlights from the week:
Last week, 69 contracts were reported signed, down 10% versus last week but up 3% annually, the second consecutive year-over-year increase.
While condo activity declined 6% annually, co-op sales jumped 25%, a difference of 5 sales.
Three of six price ranges increased versus 2023. The over $3M category had the largest increase with more than three times as many sales.
Last week tied a week in May for the most sales over $3M in the last twelve months.
South Brooklyn had the largest nominal annual increase in sales of any submarket, a difference of six sales.
Last week's most expensive deal was a penthouse at 280 Saint Marks Avenue in Prospect Heights, offering two terraces, parking, and storage.
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Let’s go!!! First of many! Sam Lawrence