#marketMondays: Brooklyn Real Estate

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 in 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 that one to four 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 at 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 affect your property goals.

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Prepared by Gregory Heym, chief economist at Brown Harris Stevens. While information is believed true, no guarantee is made of accuracy.

©2017 by Brown Harris Stevens. All rights reserved. This information may not be copied, used or distributed without Brown Harris Stevens’ consent. 

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