Brooklyn luxury contracts tops $100M in four-month high

After a slow summer turned into a slow fall, Brooklyn’s luxury market bounced back last week to a four-month high.  The borough notched 25 contracts signed for properties asking at least $2 million from Oct 12 to Oct. 18, according to Compass’ weekly report. The total contract volume was over $100 million. It marked the first time the borough has topped the nine-figure mark for contract volume in a week since June.  Homes entering contract last week spent an average of 49 days on the market and had no discounts, on average.  The priciest deal was for a renovated single-family […]

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