Brooklyn luxury home contracts jump in mid-October

Asking prices of 35 signed deals Oct. 11-17 totaled $116M

New York /
Oct.October 18, 2021 04:02 PM
Brooklyn contracts jump in mid-October

20 Prospect Park West and 22 Verandah Place (Google Maps)

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 such contracts were signed.

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 several weeks of lower totals.

Townhouses led the way with 20 contracts signed last week, followed by condominiums, which counted 15 deals. No transactions were for co-ops.

Topping the list was a 5,500-square-foot townhouse in Park Slope asking $7.5 million, or $1,364 per square foot. The home, at 20 Prospect Park West, has five bedrooms, five bathrooms and 1,300 square feet of outdoor space.

Next was a 3,192-square-foot Cobble Hill townhouse asking $7 million. The 25-foot-wide, newly renovated turnkey home at 22 Verandah Place has five bedrooms, 4.5 bathrooms, white oak floors and a private rooftop terrace.

The 35 homes spent an average of 139 days on the market and received an average discount of 1 percent.





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