Have you read Brown Harris Stevens‘ October 2017 #Brooklyn market report?
To summarize; At $1,205,566 the average townhouse price was 16% higher than the third quarter of 2016. The average apartment price fell for the second straight quarter in Brooklyn but remained higher than a year ago. Apartment prices averaged $845,879 in Brooklyn, a 2% increase from 2016’s third quarter. The average condo price per square foot rose 13% over the past year to $994.
In North Brooklyn, where I specialize, Brown Harris Stevens reports; 1-4 FAMILY HOUSES have seen the median townhouse price rise slightly over the past year, while the average price fell in North Brooklyn.
While Condo prices rose sharply, with their average price per square foot 18% higher than a year ago.
To read the full report, please see the pdf prepared by our chief economist, Gregory Heym. Otherwise, if you’d like to know more feel free to contact me, anytime. I’m always happy to talk about market conditions and how they effect your property goals.
Prepared by Gregory Heym, Chief Economist, Brown HarrisStevens.©2017 by Brown Harris Stevens.
All Rights Reserved. This information may not be copied, used or distributed without Brown HarrisStevens’ consent. While information is believed true, no guaranty is made of accuracy.