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Brooklyn luxury home contracts jump in mid-October

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

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.

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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.

Read more

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