B
rooklyn's luxury market remained hot last week, with townhouses leading the way. In Cobble Hill and Park Slope, 13 townhouse contracts were signed, according to Compass' weekly report. This included two co-ops and 11 condos priced at $2 million or more.
The surge in activity has been driven by townhouses, which have seen a 40% increase in signings over the past 12 months compared to the previous year. However, this pace is still below that of 2021, when the first two weeks of October saw $182 million in luxury signings.
Notably, the top contract was for 224 Clinton Street, a 4,800-square-foot townhouse with seven bedrooms and three bathrooms, listed at $8 million. The home has been renovated and updated multiple times since its original construction in 1847.
The second most expensive contract was for a townhouse at 56 Garfield Place in Park Slope, priced at $6 million. This four-story property features custom design elements, including crown moldings and a La Cornue range.
Last week's contracts had a median asking price of $2.9 million and an average price per square foot of $1,258. The homes averaged 72 days on the market before going into contract.
realestate
Brooklyn Luxury Sales Surpass $80M Mark with Townhouse Dominance
Townhouses dominate Brooklyn's luxury market, with 13 contracts signed in Cobble Hill and Park Slope last week.
Read More - realestate
realestate
Luxury estate with private waterfall listed for $13 million in Palisades area.
Luxury Home Sales Remain Strong in LA County, Led by Pacific Palisades Deal
Read More - realestate
realestate
Shifts in voter migration may flip crucial battleground states to Republican control.
New Report: Past Four Years' Moving Patterns May Influence 2024 Presidential Election Outcome.
Read More
realestate
Gortikov Capital Acquires $120M Santa Monica Multifamily Portfolio
Bryan Gortikov poised to lead Santa Monica's affordable housing efforts after buying 399-unit income-restricted portfolio.