Brooklyn Luxury Market Bounces Back in Second Week of 2026B

The second week of 2026 was a return to normal for Brooklyn’s luxury contracts.

The borough saw 17 contracts — nine condos and eight houses — signed from Jan. 5 to Jan. 11 for a total contract volume of $57 million, according to Compass’ weekly report of contracts for homes asking at least $2 million.

Those numbers came one week after Brooklyn opened 2026 with just nine contracts for $29 million.

The priciest contract signed last week was for a Brooklyn Heights townhouse at 167 State Street asking nearly $7 million.

Spanning over 4,900 square feet, the two-family home features a five-bedroom, two-bathroom triplex over a two-bedroom floor-through garden level unit with two additional bathrooms.

The triplex holds a large great room and open kitchen with double glass doors leading to a private backyard terrace. A wood spiral staircase leads to the top two floors, one with two king-size bedrooms and the other with three more bedrooms and a bathroom with a shower stall, whirlpool soaking tub and full skylight.

The 1,200-square-foot ground-level floor connects to the garden patio through two more double glass doors.

Corcoran’s Aurora Singleton had the listing.

The second most expensive contract signed last week was for a house at 1221 Albemarle Road in Prospect Park South asking $6 million.

The home last sold for $2.4 million in 2019, according to public records.

The corner lot home was built in 1904 for real estate developer George May and features front and side yards, a covered front porch and a private driveway that leads to a two-car garage in the back.

Spanning 5,000 square feet, the home holds six bedrooms and three full bathrooms and has been restored with original details including parquet floors, decorative moldings and woodwork, an interior staircase and stained-glass windows.

The living room, with a bay of four windows and a wood-burning fireplace, connects to the library with custom built-in bookshelves, a rolling ladder and another fireplace. The chef’s kitchen connects to a mud room that leads to an enclosed back patio and side garden with fruit, vegetable and herb beds with automatic irrigation.

The third-floor primary suite features a seating area, walk-in closet and skylit bathroom with a marble double vanity, soaking tub and custom sauna.

Compass’ Laura Rozos had the listing.

The homes put into contract last week had a median asking price of $3 million, spent an average of 131 days on the market and had an average discount of 2 percent.