BROOKLYN RESIDENTIAL
MARKET REPORTFOURTH QUARTER2016
Data HighlightsCover Property: halstead.com WEB# 16014956
halstead.com WEB# 15408145
halstead.com WEB# 15591766
Townhouses set a record average price of
$1,046,951
The average apartment price reached a record
$834,944 in the fourth quarter
Prices rose faster for condos
than co-ops
Halstead Property 3
* Includes new development and resale apartments.4Q16 data is preliminary and subject to revision in future reports. Data from the prior four quarters has been revised to include sales recorded after our initial reports were released.
All BrooklynCOOPERATIVES & CONDOMINIUMS*
CONDOMINIUM
COOPERATIVES & CONDOMINIUMS
COOPERATIVE
Average & Median Sales Price
Average Price Per Room Average Price Per Square Foot
Average Sales Price Median Sales Price
$140,000
$130,000
$120,000
$110,000
$100,000
$80,000
$90,000
$900
$850
$800
$750
$700
$600
$650
The median apartment price rose
16% over the past year to $645,000
$900,000
$800,000
$700,000
$600,000
$500,000
$300,000
$400,000
$668,512 $570,000
1st Q16
$685,731 $556,000
4th Q15
$834,944 $645,000
4th Q16
$830,391 $608,250
3rd Q16
$736,247 $575,000
2nd Q16
$124,259 $123,925
4th Q15 4th Q16
$839 $895
4th Q15 4th Q16
All Brooklyn1-4 FAMILY HOUSES
Halstead Property 4
AVERAGE PRICE PER SQUARE FOOT
AVERAGE & MEDIAN SALES PRICE
Average Sales Price Median Sales Price
$500
$475
$450
$425
$400
$350
$375
Townhouse prices averaged $468 per
square foot, 16% more than the
fourth quarter of 2015
$1,100,000
$1,000,000
$900,000
$800,000
$700,000
$500,000
$600,000
$979,311 $800,000
2nd Q16
$938,596 $750,000
4th Q15
$974,706 $815,000
1st Q16
$1,046,951 $850,000
4th Q16
$1,042,588 $838,370
3rd Q16
$468
4th Q16
$405
4th Q15
$438
1st Q16
$444
2nd Q16
$456
3rd Q16
BROWNSTONEBoerum Hill
Brooklyn Heights
Carroll Gardens
Clinton Hill
Cobble Hill
Columbia Street Waterfront District
Ditmas Park
Downtown Brooklyn
Dumbo
Fort Greene
Gowanus
Greenwood Heights
Park Slope
Prospect Heights
Prospect Park South
Prospect-Lefferts Gardens
Red Hook
South Slope
Vinegar Hill
Windsor Terrace
CENTRALBedford-Stuyvesant
Bushwick
Crown Heights
Stuyvesant Heights
Brownsville
East New York
NORTHEast Williamsburg
Greenpoint
Williamsburg North Side
Williamsburg South Side
SOUTHBath Beach
Bay Ridge
Bensonhurst
Bergen Beach
Borough Park
Brighton Beach
Canarsie
Coney Island
Dyker Heights
East Flatbush
Flatbush
Flatlands
Gerritsen Beach
Gravesend
Kensington
Manhattan Beach
Marine Park
Midwood
Mill Basin
Sea Gate
Sheepshead Bay
Sunset Park
B
S
C
Npage 8
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Brooklyn Market Areas
Brownstone BrooklynCOOPERATIVES & CONDOMINIUMS
Halstead Property 6
CONDOMINIUM
COOPERATIVES & CONDOMINIUMS
COOPERATIVE
Average & Median Sales Price
Average Price Per Room Average Price Per Square Foot
Average Sales Price Median Sales Price
$225,000
$200,000
$175,000
$150,000
$125,000
$75,000
$100,000
New development closings pushed
the average apartment price to
$1,268,001
$1,300,000
$1,200,000
$1,100,000
$1,000,000
$900,000
$700,000
$800,000
$930,537 $798,500
1st Q16
$973,380 $830,000
4th Q15
$1,268,001 $910,000
4th Q16
$1,188,265 $872,500
3rd Q16
$974,269 $840,000
2nd Q16
$194,330 $201,994
4th Q15 4th Q16
$1,200
$1,100
$1,000
$900
$800
$600
$700
$1,082 $1,174
4th Q15 4th Q16
Halstead Property 7
Brownstone Brooklyn1-4 FAMILY HOUSES
Average Sales Price Median Sales Price
$2,500,000
$2,250,000
$2,000,000
$1,750,000
$1,500,000
$1,250,000
$950
$900
$850
$800
$750
$650
$700
$2,750,000
AVERAGE PRICE PER SQUARE FOOT
AVERAGE & MEDIAN SALES PRICE
The average townhouse price
rose 5% from a year ago, to
$2,369,353
$2,284,085 $2,100,000
1st Q16
$2,369,353 $2,200,000
4th Q16
$2,266,683 $1,900,000
4th Q15
$2,263,134 $2,000,000
3rd Q16
$2,137,075 $2,000,000
2nd Q16
$875
4th Q16
$835
4th Q15
$880
1st Q16
$804
2nd Q16
$839
3rd Q16
Halstead Property 8
North BrooklynCOOPERATIVES & CONDOMINIUMS
COOPERATIVES & CONDOMINIUMS
Average & Median Sales Price
Average Sales Price Median Sales Price
$600,000
At $1,121,904, the average
apartment price was 12%
higher than a year ago
$1,200,000
$1,100,000
$1,000,000
$900,000
$800,000
$700,000
$936,376 $806,000
1st Q16
$1,000,884 $900,000
4th Q15
$1,121,094 $1,030,000
4th Q16
$1,060,316 $842,500
3rd Q16
$961,904 $781,500
2nd Q16
$1,048
4th Q15 4th Q16
$1,050
$1,025
$1,000
$975
$950
$900
$925
$1,027
Halstead Property 9
North Brooklyn1-4 FAMILY HOUSES
Average Sales Price Median Sales Price
$2,250,000
$2,000,000
$1,750,000
$1,500,000
$1,250,000
$1,000,000
$1,000
$900
$800
$700
$600
$400
$500
$2,500,000
AVERAGE PRICE PER SQUARE FOOT
AVERAGE & MEDIAN SALES PRICE
Townhouse prices fell slightly
compared to 2015’s fourth quarter
$1,904,486 $1,681,250
1st Q16
$1,838,536 $1,767,500
4th Q16
$1,864,571 $1,825,000
4th Q15
$2,274,600 $1,894,000
3rd Q16
$2,051,069 $1,700,000
2nd Q16
$867
4th Q16
$728
4th Q15
$772
1st Q16
$915
2nd Q16
$911
3rd Q16
Halstead Property 10
Central BrooklynCOOPERATIVES & CONDOMINIUMS
COOPERATIVES & CONDOMINIUMS
Average & Median Sales Price
Average Sales Price Median Sales Price
$700,000
$600,000
$500,000
$400,000
$300,000
$100,000
$200,000
CONDOMINIUM
Average Price Per Square Foot
$750
$700
$650
$600
$550
$450
$500
Both the average and median
apartment prices posted modest
gains over the past year
$587,296 $575,000
1st Q16
$611,202 $565,000
4th Q15
$623,229 $600,000
4th Q16
$611,730 $554,250
3rd Q16
$687,952 $652,000
2nd Q16
$732 $702
4th Q15 4th Q16
Central Brooklyn1-4 FAMILY HOUSES
Halstead Property 11
Average Sales Price Median Sales Price
$850,000
$800,000
$750,000
$700,000
$650,000
$600,000
$375
$350
$325
$300
$275
$225
$250
$900,000
AVERAGE PRICE PER SQUARE FOOT
AVERAGE & MEDIAN SALES PRICE
Townhouse prices rose
sharply, reaching an average of
$898,103
$358
4th Q16
$297
4th Q15
$832,569 $710,000
1st Q16
$898,103 $772,500
4th Q16
$742,991 $627,500
4th Q15
$843,372 $698,000
3rd Q16
$806,150 $682,500
2nd Q16
$341
1st Q16
$326
2nd Q16
$344
3rd Q16
South BrooklynCOOPERATIVES & CONDOMINIUMS
Halstead Property 12
CONDOMINIUM
COOPERATIVES & CONDOMINIUMS
COOPERATIVE
Average & Median Sales Price
Average Price Per Room Average Price Per Square Foot
Average Sales Price Median Sales Price
Fueled by the condo market, South
Brooklyn experienced strong pricing
gains over the past year
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$398,249 $349,500
1st Q16
$368,965 $315,000
4th Q15
$445,825 $375,000
4th Q16
$410,274 $370,000
3rd Q16
$404,779 $355,000
2nd Q16
$85,000
$80,000
$75,000
$70,000
$65,000
$55,000
$60,000
$73,512 $77,294
4th Q15 4th Q16
$600
$575
$550
$525
$500
$450
$475
$496 $577
4th Q15 4th Q16
South Brooklyn1-4 FAMILY HOUSES
Halstead Property 13
Average Sales Price Median Sales Price
$850,000
$800,000
$750,000
$700,000
$660,000
$600,000
$450
$425
$400
$375
$350
$300
$325
$900,000
AVERAGE PRICE PER SQUARE FOOT
AVERAGE & MEDIAN SALES PRICE
The average townhouse price per
square foot rose 11% from a
year ago, to $437
$437
4th Q16
$392
4th Q15
$416
1st Q16
$435
2nd Q16
$425
3rd Q16
$838,276 $777,000
1st Q16
$873,978 $781,500
4th Q16
$830,091 $730,000
4th Q15
$874,508 $793,000
3rd Q16
$850,740 $750,250
2nd Q16
Prepared by Gregory Heym,
Chief Economist,
Halstead Property, LLC.
©2017 by Halstead Property, LLC. All Rights Reserved. This information may not be copied, commercially
used or distributed without Halstead Property’s prior consent.
While information is believed true, no guaranty is made of accuracy.
Visit halstead.com for access to all of our reports, listings, neighborhood information and more.
OFFICES
MANHATTANPARK AVENUE499 Park AvenueNew York, NY 10022212.734.0010
EAST SIDE770 Lexington AvenueNew York, NY 10065212.317.7800
WEST SIDE408 Columbus AvenueNew York, NY 10024212.769.3000
VILLAGE831 BroadwayNew York, NY 10003212.253.9300
SOHO451 West BroadwayNew York, NY 10012212.253.9300
HARLEM2169 Frederick Douglass BoulevardNew York, NY 10026212.381.2570
WASHINGTON HEIGHTS819 West 187th StreetNew York, NY 10033212.928.3805
RIVERDALERIVERDALE JOHNSON3531 Johnson AvenueRiverdale, NY 10463718.878.1700
RIVERDALE MOSHOLU5626 Mosholu AvenueRiverdale, NY 10471718.549.4116
BROOKLYNBROOKLYN HEIGHTS150 Montague StreetBrooklyn, NY 11201718.613.2000
BOERUM HILL495 Atlantic AvenueBrooklyn, NY 11217718.613.2090
PARK SLOPE76 Seventh AvenueBrooklyn, NY 11217718.399.2222
PARK SLOPE244 Fifth AvenueBrooklyn, NY 11215718.622.9300
COBBLE HILL162 Court StreetBrooklyn, NY 11201718.613.2020
BEDFORD STUYVESANT316 Stuyvesant AvenueBrooklyn, NY 11233718.613.2800
SOUTH SLOPE OFFICE1214 8th AvenueBrooklyn, NY 11215718.878.1888
HUDSON VALLEYHUDSON526 Warren StreetHudson, NY 12534518.828.0181
CONNECTICUTDARIEN671 Boston Post RoadDarien, CT 06820203.655.1418
NEW CANAAN - ELM STREET183 Elm StreetNew Canaan, CT 06840203.966.7800
NEW CANAAN - SOUTH AVENUE6 South AvenueNew Canaan, CT 06840203,966.7772
ROWAYTON140 Rowayton AvenueRowayton, CT 06853203.655.1418
GREENWICH125 Mason StreetGreenwich, CT 06830203.869.8100
STAMFORD1099 High Ridge RoadStamford, CT 06905203.329.8801
WESTPORT379 Post Road EastWestport, CT 06880203.221.0666
WILTON21 River RoadWilton, CT 06897203.762.8118
NEW JERSEYHOBOKEN200 Washington StreetHoboken, NJ 07030201.478.6700
MONTCLAIR635 Valley Road, Montclair, NJ 07030973.744.6033
QUEENSLONG ISLAND CITY47-12 Vernon BoulevardQueens, NY 1110718.878.1800
HAMPTONSEAST HAMPTON2 Newtown LaneEast Hampton, NY 11937 631.324.6100
SOUTHAMPTON31 Main StreetSouthampton, NY 11968631.283.2883
CORPORATECOMMERCIAL SALES770 Lexington AvenueNew York, NY 10065212.381.3208
DEVELOPMENT MARKETING445 Park AvenueNew York, NY 10022212.253.9300
GLOBAL SERVICES770 Lexington AvenueNew York, NY 10065800.765.2692 x6521