Brooklyn’s luxurious market is exhibiting no indicators of slowing down.
The borough scored 37 contracts signed for houses asking a minimum of $2 million from Could 4 to Could 10 for a complete contract quantity of $153 million, based on Compass’ weekly report.
The contract quantity is the second-highest since Compass started compiling the information in 2020 and comes one week after the borough set a new record with 37 contracts signed for $156 million.
Contracts signed final week included 17 condos, 4 co-ops and 16 single-family houses. The median asking value for offers signed final week was $3 million, the common value per sq. foot was $1,659 and houses spent a mean of 71 days in the marketplace.
One week after recording its first six contracts, Avdoo’s 110 Boerum Place in Cobble Hill reported one other 5 signed offers, which helped spur the lofty numbers within the borough. One other Avdoo new growth, the Bergen at 323 Bergen Road, put a $5.5 million penthouse into contract.
The highest deal signed final week was for a townhouse at 205 Clinton Street in Cobble Hill, asking $17 million. The 25-foot-wide house has seven bedrooms, seven loos and an elevator that stops at every of its six flooring.
Initially asking $22 million in October, the house’s value was dropped to $18.5 million in November, earlier than it was minimize to $17 million in April.
At that asking value, the property has an opportunity to say the priciest single-family closing this yr. The present mark is ready by a townhouse at 307 Hicks Road, which closed for $15 million in February.
Compass’ Lindsay Barton Barrett had the itemizing.
A townhouse throughout the road, at 234 Clinton Road, scored the second priciest contract final week.
The 6,000-square-foot house had an asking value of $11 million. It initially hit the market asking $13 million in January 2025.
Renovated in 2025 by MADE, the 25-foot-wide house has six bedrooms and 5 loos. It comes with 4 wood-burning fireplaces and a 40-foot landscaped backyard.
It final bought for $5.3 million in 2020, based on property data.
Compass’ Nick Gavin, Allie Fraza and Ugo Russino had the itemizing.
Learn extra
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Brooklyn luxury market notches banner $156M signed volume
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