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Brooklyn in the house....

We are not just Manhattan- Take a look at the highlights for Brooklyn's real estate market for the end of the 3rd quarter 2008:

 

3nd Quarter 2008 brooklyn Market Overview

brooklyn market

Average sales price - $575,287

• Down 2.2% from prior quarter

• Down 4.7% from prior year

Median sales price - $510,000

• Down 2.9% from prior quarter

• Down 5.6% from prior year

Number of sales - 2,298

• Up 13.1% over prior quarter

• Down 38.2% from prior year

co-op market

Average sales price - $383,831

• Up 15.5% over prior quarter

• Up 2.3% over prior year

Median Sales Price - $280,000

• Up 9.8% over prior quarter

• Down 1.7% from prior year

Number of Sales - 596

• Up 89.8% over prior quarter

• Down 24.6% from prior year

condo market

Average sales price - $574,559

• Down 4.4% from prior quarter

• Down 4.7% from prior year

Number of sales - 660

• Down 4.3% from prior quarter

• Down 32.6% from prior year

Average price per SF – New Developments $602

• Down 7.2% from prior quarter

• Up 5.1% over prior year

Average price per SF– Re-Sale $475

• Down 4.2% from prior quarter

• Up 7.5% over prior year

1-3 family market

Average sales price - $685,287

• Up 4.7 over prior quarter

• Down 1.6% from prior year

Median sales price - $600,000

• Up 1% over prior quarter

• Down 3.2% from prior year

Number of sales - 1,042

• Up 1.5% over prior quarter

• Down 46.5% from prior year

luxury market

(co-ops and condos)

Average sales price - $1,414,429

• Up 1.2% over prior quarter

• Down 3% from prior year

Average price per square foot - $580

• Up 4.3% over prior quarter

• Up 3.2% over prior year

Number of sales - 230

• Up 13.9% over prior quarter

• Down 38% from prior year

north brooklyn market

Average sales price - $688,529

• Up 3.7% over prior quarter

• Up 7% over prior year

Average price per square foot - $512

• Up 15.1% over prior quarter

• Up 13.3% over prior year

Number of sales - 191

• Up 56.6% over prior quarter

• Down 20.7% from prior year

north brooklyn market

(Condo submarket)

Average sales price - $678,853

• Up 6.2% over prior quarter

• Up 11.1% over prior year

Average price per square foot - $620

• Down 7.2% from prior quarter

• Up 19% over prior year

Median sales price - $617,049

• Up 12.2% over prior quarter

• Up 13.3% over prior year

south brooklyn market

Average sales price - $508,362

• Down 1.1% from prior quarter

• Down 2.5% from prior year

Median Sales Price

(All
property types) - $465,000

• Down 2.6% from prior quarter

• Down 5.2% from prior year

Number of sales - 1,238

• Up 14.7% over prior quarter

• Down 37.5% from prior year

Median Sales Price (Condo) - $426,887

• Down 3.1% from prior quarter

• Down 6.4% from prior year

Median Sales Price (Co-op) - $200,000

• Up 1.1% over prior quarter

• Down 2.4% from prior year

Median Sales Price (1-3 Family) - $620,000

• Up 6.3% over prior quarter

• Up 1.8% over prior year

Have you seen these yet?

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