A Midtown-based firm called Elegran has described its Manhattan and Brooklyn market as “neutral, where neither buyers nor sellers have a significant advantage.” Although a decrease in supply and a dramatic drop in a median discount on listings could indicate a buyer’s market, a slowing of demand and a median cost per square foot favor buyers.

A little less than 1,000 contracts were executed in Manhattan in June, a significant decrease of 14% from the previous month; however, supply dropped by 3,300 to 7,300 listings, according to the report. Despite slowing the market, sales that were above the asking price rose by 12% in the first quarter. In Brooklyn, Demand also slowed by 8%, with 670 contracts signed, and inventory dropped by one percent up to 3250 homes.

As the supply of goods decreases, buyers may be faced with lower opportunities while sellers be more knowledgeable …+[+

In terms of what’s to come, the study states, “It remains uncertain which direction the market will take and if sellers or buyers will win. It will only be time to determine the results as we know the market’s future direction.”

The only thing that seems to be sure is the New York City luxury actual property market will be active, with sales and new listings. Here’s a glimpse of the latest properties with a value of $5 million or more coming on or off the market

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The price is $5.75 Million: A recently revamped space in Soho by the renowned businessman Ike Kligerman Barkley.

PAUL MILEMAN PHOTOGRAPHY | ELEGRAN

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FOR SALE | SoHo ($5.75 Million)

Entirely renovated to its fullest extent by 2022 Architectural Digest 100 firm Ike Kligerman Barkley The 3000 square-foot home offers a luxurious spin on the traditional SoHo loft. Oak flooring that measures 10 inches is a feature throughout the two-bedroom, two-bathroom home. It runs across the spacious living space. A block wall in white is fitted with stylish wood shelves.

Top Stories00:2300:36 Square Enix Says ‘Final Fantasy XVI’ Sales Are Now NotMeeting ExpectationsKitchen, a part of the main living space, is open and top of the line … The kitchen is a top-of-the-line…+[+

PAUL MILEMAN PHOTOGRAPHY | ELEGRAN

Massive wood beams span across the length of the ceilings that are imposing. Some features lean more towards the extravagant than the typical loft, such as the main suite with an enclosed closet, a soaking tub, and heated floors. The other highlights include:

• A mirror wet bar.
• A service elevator.
• An open-concept kitchen that includes custom blue cabinets and a seated island.

The latest appliances.

Kirk Eckenrode and Trevor Connolly hold the rights to this listing.

A row of Browntone-style row houses in the Slope Park neighborhood of Brooklyn.

SOLD | Park Slope ($7.2 Million)

It is believed that the Park Slope area of Brooklyn is one of the top resale values in the city, as per Jules Garcia, founder of Waterview Advisory Group at Elegran. This is due to the neighborhood’s assortment of grand, historic houses, like the recently sold house.

Garcia has recently represented the purchasers of Garcia represented buyers of a Park Slope townhome that sold for $7.2 million. It was constructed just before the 20th century. The Romanesque Revival townhome blends modern luxury with traditional. The fusion of styles can be seen in the dining room, featuring the original Dado cabinetry and paneling, a coffered ceiling, and hand-painted wallpaper. Then there’s the modern kitchen with elegant white cabinets, stainless steel appliances, and sleek lighting. The home is spread across five floors with a basement; the 4800-square-foot home has five bedrooms and four bathrooms. Outside, the house has various gardens, terraces, and patio areas.

FOR SALE | Chelsea ($6.5 Million)

It is housed in Lifesaver Lofts; this loft home of 4,000 square feet is situated just across the street from the Hudson River Greenway and less than a half block from the High Line. The prime location, coupled with the house’s dimensions and stunning design, makes it among the most expensive properties in Chelsea. An enormous great room with 11-foot ceilings adorns the house’s four bedrooms and is surrounded by a striking two-sided fireplace which serves as a subtle partition to create an open yet intimate floorplan.

Cast-iron columns that have been restored and brick walls evoke the industrial style of lofts for artists. At the same time, luxurious finishes like European oak flooring, Carrara Gold marble kitchen countertops, and wide trim put the house’s prestige in the spotlight. The luxurious amenities include:

• A keyed elevator access.
• A built-in Sonos audio system.
• Top-of-the-line lighting.

Elegran’s Ignacio Cesped is the owner of the listing.

The colorful fall foliage lines streets within the West Village neighborhood of Manhattan in New York City.

SOLD | West Village ($7.45 Million)

After six weeks on the market and an auction war, a townhouse dating to 120 years located in the historic West Village sold for just less than the original cost, which was $7.5 million. The home is four stories high. The 3,500-square-foot property features an exterior brick style in the Federal style and a classic New York City fire escape.

Inside, the house combines the charm of the past with modern-day improvements. Original woodwork, flooring, and built-in shelving have been carefully preserved. Two fireplaces in operation showcase intricate details and artistry. An elevated roof, a wood-paneled beach ceiling, and triple exposure create an unusual Hamptons-style home within the city. The most sought-after amenity of the house is outside a private garden that boasts an impressive Japanese Maple tree. Jules Garcia represented the buyers in the West Village sale.