The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Aug.August 05, 2015 01:45 PM

The latest batch of reports from around the real estate industry found that Brooklyn had the majority of the city’s largest multifamily deals in the second quarter and that broker confidence is dipped slightly.

Residential

Q2 2015 Broker Confidence Index: REBNY

Broker confidence fell slightly in the second quarter of 2015, with residential brokers concerned over rising interest rates and commercial brokers less confident about future financing. Read the full report here.

Q2 2015 Manhattan residential sales: Citi Habitats

Manhattan’s residential sales market showed signs of reserved growth in the second quarter of the year. Closed sales totaled 4,235 and was up 2 percent year-over-year. Read the full report here.

Q2 2015 Manhattan residential sales: Brown Harris Stevens

The price for Manhattan apartments averaged $1.8 million in the second quarter, an 8 percent increase year-over-year, although prices fell slightly from the prior quarter. Read the full report here.

Manhattan luxury contracts July 20-July 26: Olshan Realty

Twenty-three contracts were signed for Manhattan apartments priced $4 million and above in the third week of July. Asking prices for the week totaled $223.1 million and the average asking price for apartments that entered into contract was $9.7 million. Read the full report here.

Commercial

Mid-year 2015 Brooklyn investment sales: Ariel Property Advisors

Brooklyn investment sales are up 74 percent year-over-year. The borough saw 1,083 properties trade across 766 deals. Read the full report here.

Q2 2014 NYC multifamily sales: Ariel Property Advisors

Brooklyn had four of the five largest multifamily deals in New York City in the second quarter. Overall dollar volume for the quarter totaled $3.3 billion, a 74 percent increase compared to the same period last year. Read the full report here.


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