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News & Notes

Brownstone Brooklyn Market Report: 2Q18

Overview
In this iteration of our neighborhood centric market report we have added tables that rank the 11 neighborhoods we currently track using an average price per square metric for both townhouses and condominiums (page 8). We have also identified the top five townhouse and condominium sales by gross sales price and by price per square foot (page 9). We will continue to add coverage of additional neighborhoods in the coming quarters.

Townhouses
In the Brownstone Brooklyn markets we cover, over $208MM worth of 1- to 4-family townhouses traded hands in 2Q18, versus $276MM during 2Q17, a decrease of $68MM, or 24.5%. The average sales price decreased a nominal 2.11% from last year. Demand for well- located, appropriately priced, homes remains stable. Notable transactions appear on page 9 of this report.

Condominiums
Approximately $298MM worth of condominiums sold in 2Q18, versus $565MM during 2Q17, a decrease of $267MM, or 47.3%. However, the average sales price increased 13.1% from last year. Sales volume dropped significantly, 53.4%, year over year but is stable in relation to the prior quarter, with a decrease indicated of 10.0%. Notable condominium transactions appear on page 9 of this report.

Click here to read the full report.

If you would like for one of our team members to discuss this report with you in further detail, please email us at Ask@BrennanRE.com or give us a call at 718.858.8238. Looking forward to connecting with you!

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    • Brownstone Brooklyn Market Report: 4Q17

      January 26, 2018 Brennan's Market Reports are a major resource for home sellers and home buyers, as we are presently the only real estate brokerage offering a neighborhood-by-neighborhood analysis of townhouse and condominium sales activity in Brownstone Brooklyn. We do not use a third party to aggregate our data, which is a testament to our superior knowledge of three things: Real Estate, Marketing, and Brooklyn.

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