Brooklyn Luxury Home Contracts Jump in Mid-October
“Brooklyn’s luxury contracts picked up speed last week, with the most deals signed since the summertime. Thirty-five contracts for homes asking $2 million or more were signed in Brooklyn from Oct. 11-17, according to Compass’s weekly report. That figure marks a jump from the previous week, when 26,” reports Cordilia James in The Real Deal.
“The combined asking prices for the 35 homes was $116.3 million, up from the previous week’s $88.3 million. The median asking price of those homes was $2.75 million and the average price per square foot was $1,534. It’s taken a while for contract signings to heat up, with the number of deals finally surpassing 20 in late September after.”