According to this week’s market reports, foreclosures are up in all five boroughs, and net absorption in Manhattan’s office market was down for the third consecutive quarter.
Brooklyn residential report | Brown Harris Stevens
Townhouse prices in Brooklyn rose 16 percent in the third quarter year-over-year, while apartment prices grew 2 percent, and condo price-per-square-foot increased 13 percent. Read the full report here.
Brownstone Brooklyn | Ideal Properties Group
In the third quarter, the median price for residential property in Brownstone and North Brooklyn rose to $1.3 million, a 14.3 percent year-over-year increase. Read the full report here.
Queens residential report | Modern Spaces
Closed condo sales in Long Island City averaged $1 million in the third quarter, and in contract prices averages $1.2 million. In Astoria and Flushing, closed sales averaged $809,665 and $790,417 respectively. Read the full report here.
Luxury sales | Olshan Realty
Twenty contracts were signed last week at $4 million and above, five of which crossed the $10 million mark, putting the total asking price at $215 million. Read the full report here.
Priciest neighborhoods | PropertyShark
The Flatiron District was the priciest neighborhood in New York in the third quarter, with the median price growing 220 percent year-over-year to $4.4 million. Read the full report here.
Foreclosure report | PropertyShark
Foreclosures in the five boroughs were up 79 percent year-over-year in the third quarter, led by a 145 percent increase in the Bronx. Read the full report here.
Manhattan office | ABS Partners Real Estate
Net absorption in the Manhattan office market was negative in the third quarter for the third consecutive quarter, coming in at -1.7 million square feet. Read the full report here.