Brooklyn's luxury housing market just hit the gas, with buyers snapping up high-end homes across Park Slope, Boerum Hill and nearby neighborhoods. Contracts flew on condos, co-ops and townhouses, pushing pricey listings to move faster than they have at any point this year. Sellers with homes asking $2 million and up finally saw a noticeable bump in action.
According to a Compass weekly tally cited by The Real Deal, Brooklyn logged 32 contracts for properties asking at least $2 million between May 18 and May 24, totaling roughly $97 million in signed volume. The median asking price for those deals came in at $2.8 million, with an average price of $1,521 per square foot. Together, the listings spent an average of 46 days on the market, the quickest pace recorded so far this year.
Park Slope brownstone tops the week
Leading the pack was a two-family brownstone at 100 6th Avenue in Park Slope, marketed at roughly $6.25 million, per Compass. The 20-foot-wide, five-level house is set up as a five-bedroom triplex over a one-bedroom garden apartment and includes a parlor floor with nearly 12-foot ceilings, multiple wood-burning fireplaces and a 40-foot rear garden. The property also has a more than 800-square-foot basement currently used as an art studio, gym and wine cellar, according to Brownstoner.
Boerum Hill penthouse rounds out top deals
The second-priciest contract was for Penthouse 706E at Avdoo's Bergen development in Boerum Hill, a roughly 2,500-square-foot triplex that had been asking in the mid-$4 million range. The unit features a private roofdeck with a temperature-controlled plunge pool and built-in grilling station, according to StreetEasy. Listing records show the 105-unit Bergen is now largely sold, with the developer marketing the building as more than 80 percent sold; the penthouse previously carried a higher asking price earlier in its marketing run. MLS and listing pages corroborate the penthouse's specs and pricing history.
What the uptick means
The week-to-week jump followed what was already a busy stretch for Brooklyn luxury. The prior week saw 25 contracts totaling about $80 million, according to The Real Deal. Shorter days on market alongside a steady median asking price suggest that sellers at the top of the market are getting quicker traction.
For now, the momentum sits firmly in the $2 million-plus bracket, with the fiercest competition focused on well-priced, move-in-ready properties. Developers and agents are watching to see whether this faster pace can carry through the summer selling season.
