Activity continues to be slow in Brooklyn’s luxury residential market during the coronavirus pandemic, but did tick up slightly last week.
The borough saw five luxury contracts signed — three townhouses and two condominiums — according to the latest report from Compass. The report looks at homes in the borough asking $2 million or more based on the last publicly available asking prices.
The week before, Brooklyn’s luxury market saw just two contracts signed for about $11.2 million.
Last week’s most expensive deal was for a townhouse at 199 St. John’s Place in Park Slope, which was seeking $3.5 million. The property spent 80 days on the market and had cut its asking price by 5 percent in early March.
The presumed second-priciest deal last week was for a townhouse at 188 Adelphi Street in Fort Greene, which was asking just under $2.6 million. The property spans roughly 2,800 square feet and went into contract after 26 days on the market.
The average asking price of the five homes was about $2.6 million, and the total volume was about $13.2 million. The properties spent an average of 42 days on the market and had seen their asking prices reduced by an average of 1 percent.
The Brooklyn luxury market’s other deals last week were for a $2.5 million condo at 108 India Street in Greenpoint, a roughly $2.4 million townhouse at 598 17th Street in Windsor Terrace and a condo at 653 Bergen Street in Prospect Heights seeking nearly $2.3 million.