In step with the rest of the market, Brooklyn’s townhouse scene enjoyed a robust first half of 2021, reaching the highest half-year level in over five years.

The Corcoran Group recently released its townhouse report for Brooklyn for the first half of 2021. Among the report’s key findings:

  • The resurgence of the Brooklyn townhouse market continued with 1H 2021 sales reaching their highest half-year figure in over five years. Overall, the 715 closings represented a 71% increase versus the first half of last year, which was driven lower by last year’s market “pause.”
  • Demand for single-family townhouses set new records, heightened by the desire for privacy and outdoor space as more buyers have the flexibility to work from home. Single-family closings in Williamsburg & Greenpoint were up 300%, while Park Slope & Gowanus closely followed with closings up 257%.
  • Townhouse sales between $2M and $4M – and those over $4M – nearly doubled while townhouse sales between $1M and $2M saw a 73% year-over-year increase. Sales under $1M displayed a more muted gain of just 18% versus First Half 2020.

Read the full report.

About Our Photo

Brooklyn, by Romain Briaux, courtesy of Unsplash. Click photo for profile.
Brooklyn, by Romain Briaux, courtesy of Unsplash. Click photo for profile.

©2021 Corcoran Group LLC. All rights reserved. Corcoran®, Live Who You Are® and the Corcoran Logo are service marks owned by Corcoran Group LLC. The Corcoran® System is comprised of company owned offices which are owned by NRT New York LLC, a subsidiary of Realogy Brokerage Group LLC, and franchised offices which are independently owned and operated. Corcoran Group LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.