The Brooklyn luxury market stayed strong last week amid a market downturn and broader economic uncertainty.Â
The borough saw 28 contracts — 13 condos and 15 houses — between April 21 and April 27. The total contract volume was over $92 million on homes asking at least $2 million, according to Compass’ weekly contracts report.Â
It was the second straight week the borough’s contracts topped $90 million. During the same week last year, the market saw 21 contracts signed for over $51 million.Â
The top contract last week went to a Brooklyn Heights townhouse asking $7.25 million, or $2,165 per square foot.Â
The 3,400-square-foot home at 76 Willow Street has five bedrooms and three bathrooms, with three distinct exposures facing East, South and West from its corner lot.Â
The garden level, which features a wood-burning fireplace and direct access to the rear garden, has an open chef’s kitchen and dining area. The top floor has a loft space that opens up onto a terrace.Â
The home originally hit the market at its current asking price in March 2023, before dropping the price by $30,000 for the summer and then going off the market. It relisted this past March.Â
Sotheby’s International Realty’s Karen Heyman and Michael Cupolo of the Heyman-Cupolo Team had the listing.Â
The second most expensive home to go into contract was a Park Slope townhouse asking $5.5 million, or $1,130 per square foot.Â
The six-bedroom home at 323 Garfield Place spans almost 4,900 square feet and is less than a block away from Prospect Park. The 20-foot-wide townhouse sits on a 100-foot lot with three exposures and has maintained its original wood floors and staircase wood paneling. Â
It’s the home’s first time on the market in 30 years. Compass’ Kirsten Syrett and Lindsay Owen had the listing.Â
Homes put into contract last week had a median asking price of just under $3 million, an average price per square foot of $1,416 and spent an average of 60 days on the market.Â
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