Brooklyn’s luxury market is picking up steam: Stribling

As was true in Manhattan, Brooklyn’s luxury residential market just had its best week of the year.

Seventeen contracts were signed for a total of $54.58 million last week, according to the latest report from Stribling & Associates. The firm defines the borough’s luxury market as all homes priced at $2 million or higher.

The market ticked up from the prior week, which saw 13 contracts for a total of $37.95 million in contract volume.

The deals included eight condos, one co-op and eight townhouses. The priciest property was the townhouse at 325 Pacific Street in Boerum Hill, asking $6.95 million. The home spans about 5,800 square feet — and the contract price is a 16 percent discount from the initial asking price, the report said.

The second-highest priced contract was for Unit PHA at Slate Property Group and Adam America’s 51 Jay Street. The four-bedroom condo spans about 2,600 square feet and was asking $4.79 million. It went into contract at 10 percent below the initial asking price.

The average discount for last week’s deals was 9 percent, according to the report. And properties were on the market for an average of 494 days. The median contract price was $2.99 million. — Meenal Vamburkar