The pace of new development sales didn’t slow down for Thanksgiving this year — except in Brooklyn.
November’s contracts nearly doubled the amount signed in November 2020 and were up almost 80 percent from November 2019.
The month-over-month decline was primarily due to a 27 percent drop in Brooklyn contracts, from 184 in October to 138 in November. Queens saw 43 deals, roughly the same as in October.
Manhattan’s 231 contracts, meanwhile, marked the second-busiest month this year, trailing only April, when 285 contracts were signed. April was the city’s best month for new condo sales in five years, with 474 deals across the five boroughs.
“It’s just amazing the strength of this market,” said Marketproof CEO Kael Goodman, who authored the report.
Goodman said an anticipated influx of foreign buyers resulting from the lifting of travel restrictions on Nov. 8 has yet to noticeably impact the market.
“We haven’t seen evidence of that,” he said. “What I can say is that it’s one of the things we’re all waiting for.”
The best-selling projects last month included Naftali Group and Rockefeller Group’s condo at 200 East 83rd Street on the Upper East Side, where 16 contracts were signed, Skyline Tower in Long Island City, which saw 15 deals, and Tishman Speyer’s 11 Hoyt, where nine contracts were signed.