Download - Q4 2009 Brooklyn Sales Report
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8/14/2019 Q4 2009 Brooklyn Sales Report
1/13
A comprehensive analysisof the residential real estatemarket in Brooklyn.
In collaboration with
the corcoran report4th QUARTER 2009
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8/14/2019 Q4 2009 Brooklyn Sales Report
2/13
4th QUARTER 2009
the corcoran report
Welcome to the Corcoran Report, our quarterly examination of Brooklyns residential real estate market. With help from Property
Shark, we have included comprehensive information on the entire borough. This report utilizes data based on deals that closedin the Fourth Quarter of 2009 (October 1st through December 31st) and compares it to that of the Third Quarter of 2009 and the
Fourth Quarter of 2008. The sales activity illustrated in the report trails actual market conditions by approximately eight to twelve
weeks due to the typical lag time between a closing and its reporting in the public record.
Overall, the median price of market wide sales fell 10% and average price per square foot decreased 12% from the Fourth Quarter
of 2008. Compared to the Third Quarter of 2009, the median price of market wide sales was down 7% while average price per
square foot remained unchanged, as buyers took advantage of the price declines and were able to purchase higher-end residences
for less money. New development pricing held steady this quarter compared to the overall market, increasing 1% in average price
per square foot while median price remained unchanged from last quarter.
While pricing metrics for median price and average price per square foot are still down compared to a year ago, the percentage
declines in median price are shrinking and average price per square foot this quarter was unchanged from the Third Quarter of
2009, indicating that the pricing gap between buyers and sellers is closing.
We hope you will nd this edition of the Corcoran Report useful and informative, and we welcome any questions you may have
regarding it. View all our current market reports for the most comprehensive analysis of Manhattan, Brooklyn, Long Islands East
End and South Florida at www.corcoran.com/thecorcoranreport.
Sincerely,
Frank Percesepe
Senior Regional Vice President, Brooklyn
BrnQ4Reprt
Brooklyn pricing may be reaching bottom as the national and local economies strengthen and sales activity increases
versus the rst half of 2009. However, compared to the Fourth Quarter of 2008, median sales price and average price
per square foot declined 10% and 12%, respectively. Versus last quarter, median sales price fell 7% and average price
per square foot remained unchanged. The large price declines in the First and Second Quarters of 2009 have slowed
as economic conditions improve and consumers regain a sense of condence about the housing market. Excess new
development supply will continue to come to market, likely creating persistent downward pressure on condominium
pricing in the borough. Resale activity accounted for 67% of sales this quarter, compared to 62% a year ago.
Maret Wde
A Apartments
The following members of the The Corcoran Group made signicant contributions to this report:
Bill Begert I Juliana Brown I Brett Harris I Douglas LaMere I Ryan Schleis I Kirsten Spanjer
The following members of the PropertyShark team made signicant contributions to this report:
Ioana Falcusan I Paula Flonta I Csongor Kovacs I Tudor Manole I Calin Onet
AllSales
Average Sale Price Median Price Average Price Per Square Foot
Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
500K
-3%
516K
430K
-7%
460K
591
0%
592
500K
-10%
555K
430K
-10%
479K
591
-12%
669
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8/14/2019 Q4 2009 Brooklyn Sales Report
3/13
4th QUARTER 2009
the corcoran report
Zne 1BushwickWilliamsburg
GreenpointPage 6Zne 2
Brooklyn HeightsBoerum HillCarroll GardensCobble HillDUMBOVinegar HillRed HookGowanusPage 7
Zne 5FlatbushMidwoodGreenwoodSunset ParkBorough ParkPage 10
Zne 6Bay RidgeBensonhurstBath BeachDyker HeightsFort HamiltonGravesendPage 11
Zne 7Mill BasinBergen BeachMarine ParkSheepshead BayManhattanBeachSea Gate
Gerritsen BeachHomecrestBrighton BeachWest BrightonFloyd BennettConey IslandPage 12
Interactive map online at
propertyshark.com/maps
The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is
believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available
View all our current market reports for themost comprehensive analysis of Manhattan,
Brooklyn, Hamptons and South Florida atwww.crcran.cm/tecrcranreprt
PropertyShark.coms map of Brooklyn plots buildingswith sales in Third Quarter according to their numbers
of sales and average price per square foot.
Zne 8Farragut
East FlatbushCypress Hill
East New YorkFlatlands
Highland ParkCity Line
PaedergatStarrett CitySpring Creek
New LotsCanarsiePage 13
Zne 4Park SlopeKensington
Windsor TerraceProspect Park SouthDitmas Park
Page 9
Zne 3Fort GreeneClinton Hill
Prospect HeightsLefferts Gardens
Bed StuyCrown Heights
Ocean HillWeeksville
Page 8
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
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8/14/2019 Q4 2009 Brooklyn Sales Report
4/13
4th QUARTER 2009
the corcoran report4
Resae Maret WdeMarketwide resale median price fell 9% from last quarter and 2% from a year ago to $343,000. Average price persquare foot decreased 6% from last year but remained at compared to last quarter. Resale co-op median price fell 6%from the Third Quarter but increased 3% versus the Fourth Quarter of 2008. Resale co-op average price per squarefoot was down only 2% from last quarter. It should be noted that co-op average price per square foot is skewed in manyneighborhoods as square footage is unable to be collected in some zones. Resale condos experienced mixed resultscompared to last quarter, falling 10% in median price while increasing 1% in average price per square foot as buyerspurchased on higher-end residences for less.
A
llSales
Average Sale Price Median Price Average Price Per Square Foot
Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
422K
-5%
442K
343K
-9%
375K
550
0%
551
422K
-2%
431K
343K
-2%
350K
550
-6%
587
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09Cange
Q4 08
354K
-10%
395K
303K
-6%
323K
513
-2%
524
354K-5%
371K
303K+3%
295K
513-9%
561
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09Cange
Q4 08
631K
+3%
613K
530K
-10%
590K
608
+1%
601
631K-1%
636K
530K+1%
525K
608-4%
635
Zone 2 accounted for the highest percentage of sales this quarter with 23%. Last quarter, Zone 4 garnered the highest
percentage of sales with 25% due to closings at new developments in Park Slope including The Argyle and Novo.
Marketshare in Zone 1, which includes Williamsburg, increased from 8% to 12% quarter-over-quarter due to closings
in several new developments including Northside Piers, 80 Met and Mason Fisk.
4Q 08 Zne Saes Cmparsn 3Q 09 Zne Saes Cmparsn 4Q 09 Zne Saes Cmparsn
Zone 1, 13%
Zone 2, 25%
Zone 3, 14%
Zone 4, 20%
Zone5,6%
Zone6,6%
Zone7,10%
Zone8,
5%
Zone1,8%
Zone 2, 23%
Zone 3, 16%Zone 4, 25%
Zone5,7%
Zone6,8%
Zone7,8%
Zone8,5
%
Zone
1,12%
Zone 2, 23%
Zone 3, 17%
Zone 4, 20%
Zone 5, 7%
Zone6,8%
Zone7,8%
Zone8,5
%
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8/14/2019 Q4 2009 Brooklyn Sales Report
5/13
4th QUARTER 2009
the corcoran report5
Twnuses Maret WdeTownhouse pricing experienced mixed results this quarter. Single-family townhouses experienced a large median price
percentage increase, rising 13% over last quarter and 51% over a year ago. Multifamily townhouses declined 24% in
median price since last quarter and 23% compared to the Fourth Quarter of 2008. While sales activity for single-family townhouses decreased quarter-over-quarter and year-over-year, multifamily townhouse sales increased 59%
from a year ago and 20% over the Third Quarter of 2009.
Overall, median price remained at over last quarter but was still down 7% compared to a year ago. Average price per
square foot decreased 13% since last year while increasing 1% over last quarter. Marketwide new development sales were
down 16% from the Fourth Quarter of 2008, but increased 1% from the Third Quarter of 2009.
Properties under $500,000 accounted for 52% of sales this quarter compared to 61% a year ago. Sales over $1 million
accounted for 10% of market wide sales this quarter compared to only 5% in the Fourth Quarter of 2008. The highend of the market rebounded this quarter due to closings in luxury resales and new developments compared to a year
ago when sales in the luxury market had all but vanished.
New Deepment Maret Wde
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
CangeQ4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
1.295M
-38%
2.096M
1.468M
+13%
1.299M
1.137M
-16%
1.358M
982K
-24%
1.300M
1.295M
-27%1.763M
1.468M
+51%975K
1.137M
-17%1.371M
982K
-23%1.275M
MaretWide
Average Sale Price Median Price Average Price Per Square Foot
Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
658K
-2%
671K
585K
0%
583K
629
+1%
624
658K
-12%
750K
585K
-7%
630K
629
-13%
720
Saes b Prce Categr
37%
32%
31%
24%
24%
21%
23%
26%
27%
11%
12%
11%
5%
5%
8%
2
%
1%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
4Q08
3Q09
4Q09
Quarter
Percent of Sales
$0K-$350K $350K-$500K $500K-$750K $750K-$1M $1M-$2M $2M+
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8/14/2019 Q4 2009 Brooklyn Sales Report
6/13
4th QUARTER 2009
the corcoran report6
Zne 1 Maret WdeBuswc Wamsburg Greenpnt
Zone 1 experienced slight declines in co-op and condo pricing this quarter. Co-op median price fell 1% from a year ago to $297,000.
Co-op statistics for the area are not particularly relevant as the zone contains very little co-op supply. Condo median price fell
2% from last year and 1% versus last quarter. Condo average price per square foot experienced decreases of 6% from the Fourth
Quarter of 2008 and 5% from the Third Quarter of 2009. Excess condominium supply continues to exert downward pressure on
pricing. There were no single-family townhouse sales in the zone this quarter.
FlUShiNGA
vE
BRoADWAy
CyPRESSAvE
WyCkoFFAvE
EastRiver
QueensNew
tonCree
k
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
N/A
N/A
N/A
N/A
N/A
N/A
995K
+19%
838K
N/A
N/A
827K
N/A
N/A
N/A
N/A
N/A
N/A
995K
+6%
938K
N/A
N/A
999K
Interactive map online atPropertyShark.com/maps
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
632K
0%
634K
594K
-1%
599K
645
-5%
676
632K
-6%
669K
594K
-2%
608K
645
-6%
688
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
256K
-38%
410K
297K
N/A
N/A
467
N/A
N/A
256K
-21%
324K
297K
-1%
299K
467
N/A
N/A
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
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8/14/2019 Q4 2009 Brooklyn Sales Report
7/13
4th QUARTER 2009
the corcoran report7
Zne 2 Maret WdeBrn hegts Berum h Carr Gardens Cbbe h DUMBo vnegar h Red h Gwanus
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SF
No SF AvailableFlUShiNGAvE
FlATBUShAvE
EastRi
ver
4th
Ave
Manattan
Gernrsisand
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
789K
+6%
745K
675K
-4%
700K
687
+11%
621
789K
-4%
821K
675K
-3%
697K
687
-11%
768
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
511K
-10%
570K
428K
-10%
473K
594
+2%
580
511K
-11%
575K
428K
-10%
475K
594
-11%
669
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
1.265M
-49%
2.477M
1.265M
-59%
3.050M
1.682M
-8%
1.838M
1.548M
-11%
1.745M
1.265M
-70%
4.175M
1.265M
-71%
4.400M
1.682M
-19%
2.070M
1.548M
-34%
2.350M
Interactive map online at PropertyShark.com/maps
Co-op median price decreased 10% from both the Fourth Quarter of 2008 and the Third Quarter of 2009. Although co-op averageprice per square foot was down 11% from a year ago, it has increased 2% since last quarter. Condo median price fell 3% versus
last year and 4% versus the Third Quarter. Townhouses in the zone experienced the largest percentage price declines of any zone
this quarter. The median price of single-family townhouses decreased 71% from last year and 59% from last quarter as there were
very few sales in expensive areas such as Brooklyn Heights. The median price of multifamily townhouses decreased 34% from the
Fourth Quarter of 2008 and 11% from the Third Quarter.
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8/14/2019 Q4 2009 Brooklyn Sales Report
8/13
4th QUARTER 2009
the corcoran report8
Zne 3 Maret WdeFrt Greene Cntn h Prspect hegts lefferts Gardens Bed Stu Crwn hegts ocean h Weese
PARkSiDEA
vE
NoSTRANDAvE
EMPiREBlvD
FlUShiNG
AvE
PrspectPar
FlATBUShAvE
BRoADWAy
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
387K
-9%
425K
369K
-6%
392K
482
-5%
509
387K
+3%
375K
369K
+9%
340K
482
+8%
448
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
1.575M
+38%
1.142M
N/A
N/A
1.142M
947K
-18%
1.150M
810K
-18%
985K
1.575M
+125%
699K
N/A
N/A
N/A
947K
-9%
1.041M
810K
-16%
960K
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
592K
-6%
633K
535K
-3%
550K
556
-3%
571
592K
-9%
652K
535K
-1%
542K
556
-12%
634
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SF
No SF Available
Interactive map online atPropertyShark.com/maps
Although co-op median price fell 6% versus last quarter, it was up 9% over the Fourth Quarter of 2008 as a number of larger residencestraded this quarter compared to a year ago. Co-op average price per square foot experienced similar results, falling 5% since last
quarter while increasing 8% compared to a year ago. The median price of condos decreased 1% since last year and 3% since last
quarter. Condo average price per square foot was down 12% compared to a year ago but was only down 3% since the Third Quarter.
There were not enough single-family townhouse sales to draw any signicant conclusions about pricing in the zone this quarter. The
median price of multifamily townhouses fell 16% from the Fourth Quarter of 2008 and 18% from the Third Quarter of 2009.
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8/14/2019 Q4 2009 Brooklyn Sales Report
9/13
4th QUARTER 2009
the corcoran report9
Zne 4 Maret WdePar Spe kensngtn Wndsr Terrace Prspect Par Sut Dtmas Par
Zone 4 experienced declines in every price metric this quarter. Co-op median price was down 4% from last quarter and 11% froma year ago. Although co-op average price per square foot decreased 17% from a year ago, it was only down 1% compared to the
Third Quarter. Condo median price decreased 13% from last year but was only down 2% from last quarter. Condo average price
per square foot declined 7% quarter-over-quarter and year-over-year. The median price of single-family townhouses declined 15%
since last quarter but was up 65% over a year ago. The median price of multifamily townhouses declined since last quarter and
last year falling 8% and 24%, respectively.
FoSTERA
vE
MCDoNAlDAvE
WAShiNGToNAvE
oCEANAvE
FlATBUShAvE
PRoSPECTAvE
4Th
AvE
EA
STERNPkWy
PARkSiDEAvE
PrspectPar
Greenwd
CemeterNoSTRANDAvE
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
635K
-5%
667K
585K
-2%
595K
590
-7%
637
635K
-14%
736K
585K
-13%
673K
590
-7%
633
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
433K
-6%
462K
399K
-4%
415K
519
-1%
524
433K
-10%
483K
399K
-11%
451K
519
-17%
626
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
1.735M
-24%
2.271M
1.600M
-15%
1.873M
1.437M
-12%
1.629M
1.400M
-8%
1.517M
1.735M
+43%
1.211M
1.600M
+65%
968K
1.437M
-27%
1.982M
1.400M
-24%
1.850M
Interactive map online at PropertyShark.com/maps
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
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8/14/2019 Q4 2009 Brooklyn Sales Report
10/13
4th QUARTER 2009
the corcoran report10
Zne 5 Maret WdeFatbus Mdwd Greenwd Sunset Par Brug Par
E
3 1 S T
S T
GreenwdCemeter
Upper
Bay
MCDoNAlDAvE
PRoSPECTAvE
65ThST
FoSTERA
vE
kiNGS
hWy
AvENUEP
oCEA
N
P
kWy
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09Cange
Q4 08
352K
-7%
380K
373K
+4%
358K
449
+3%
438
352K-2%
361K
373K-1%
376K
449+2%
441
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
221K
+3%
214K
205K
+12%
184K
335
+31%
255
221K
+2%
216K
205K
-2%
210K
335
+5%
320
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
1.600M
+158%
620K
N/A
N/A
N/A
838K
+1%
828K
810K
-2%
828K
1.600M
+60%
998K
N/A
N/A
960K
838K
+13%
740K
810K
N/A
N/A
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
Interactive map online atPropertyShark.com/maps
Co-op median price decreased 2% compared to last year, but was up 12% from the Third Quarter. Co-op average price per squarefoot increased 5% from last year and 31% from last quarter as a number of larger and higher-end residences were sold this quarter
compared to last quarter and a year ago. Condo median price increased 4% from the Third Quarter but was still down 1% versus
last year. Condo average price per square foot rose to $449, an increase of 2% over last year and 3% over last quarter. There were
not enough single-family townhouse sales to draw any signicant conclusions about pricing in the zone this quarter. Multifamily
townhouses were down 2% in median price versus the Third Quarter of 2009.
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.corcoran.com/thecorcoranreport -
8/14/2019 Q4 2009 Brooklyn Sales Report
11/13
4th QUARTER 2009
the corcoran report11
Zne 6 Maret WdeBa Rdge Bensnurst Bat Beac Der hegts Frt hamtn Graesend
Co-op median price was unchanged since last year and was down only 2% since last quarter. Co-op average price per squarefoot experienced signicant increases, rising 8% quarter-over-quarter and 20% year-over-year, as a number of larger and more
expensive residences closed this quarter. Although condo median price was up 4% compared to last year, it fell 16% since last
quarter to $365,000. Condo average price per square foot decreased 2% since the Third Quarter, from $404 to $394. There
were not enough single-family or multifamily townhouse sales to draw any signicant conclusions about pricing in the zone this
quarter.
Gravesend
Bay
65ThST
AvENUEP
ShoRE PkWy
oCEANPkWy
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
386K
-8%
420K
365K
-16%
436K
394
-2%
404
386K
+10%
350K
365K
+4%
350K
394
N/A
N/A
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
231K
-5%
244K
215K
-2%
220K
394
+8%
364
231K
-4%
240K
215K
0%
215K
394
+20%
328
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
1.100M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
909K
N/A
N/A
909K
1.100M
+40%
783K
N/A
N/A
783K
N/A
N/A
651K
N/A
N/A
651K
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF
$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
Interactive map online atPropertyShark.com/maps
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.corcoran.com/thecorcoranreport -
8/14/2019 Q4 2009 Brooklyn Sales Report
12/13
4th QUARTER 2009
the corcoran report12
Zne 7 Maret WdeM Basn Bergen Beac Marne Par Seepsead Ba Manattan Beac Sea Gate Gerrtsen Beac
hmecrest Brgtn Beac West Brgtn Fd Bennett Cne isandCo-op median price fell 5% year-over-year but increased 9% quarter-over-quarter. Co-op average price per square foot decreased
8%, from $284 to $260, since last year. While condo median price was up 4% over last quarter, it was still down 22% compared to
the Fourth Quarter of 2008. There were not enough single-family or multifamily townhouse sales to draw any signicant conclusions
about pricing in the zone this quarter.
FlATB
USh
AvE
66Th
ST
kiNGS
hWy
AvEN
UEU
AvEN
UEN
Fd BennettFed
Marne Par
GraesendBa
lwer Ba
Gatewa Natna
Recreatn Area
ShoRE PkWy
SURFAvE
oCEANPkWy
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
446K
-66%
1.299M
450K
N/A
N/A
543K
N/A
N/A
543K
N/A
N/A
446K
N/A
N/A
450K
N/A
N/A
543K
-1%
550K
543K
N/A
N/A
Interactive map online atPropertyShark.com/maps
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SF
No SF Available
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
525K
+8%
484K
426K
+4%
410K
N/A
N/A
N/A
525K
-19%
650K
426K
-22%
545K
N/A
N/A
358
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
219K
+5%
209K
205K
+9%
188K
260
N/A
N/A
219K
-6%
234K
205K
-5%
215K
260
-8%
284
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.corcoran.com/thecorcoranreport -
8/14/2019 Q4 2009 Brooklyn Sales Report
13/13
4th QUARTER 2009
the corcoran report13
Zne 8 Maret WdeBa Rdge Bensnurst Bat Beac Der hegts Frt hamtn Graesend Canarse
Co-op median price increased 5% compared to last year and 8% compared to last quarter. Co-op average price per square foot alsoexperienced increases, rising 8% since last year and 43% since last quarter, as a few high-priced closings inated the averages.
Condo median price decreased 4% since the Fourth Quarter of 2008 and 2% since the Third Quarter of 2009. Condo average price
per square foot increased signicantly over last quarter, rising 70% as a small number of closings in new developments skewed the
averages higher. There were no multifamily townhouse sales in the zone this quarter.
ENEW
yoRk
AvE
jAMA
iCAAvE
hiGh
lAND
BlvD
EMPiREBlvD
NoSTRANDAvE
E31STST
FlATB
USh
AvE
PA
ERDEGAT
AvEN
AvEN
UE
U
CanarseBeac Par
Cemeteryof
TeholyCross
G
atewaNatinal
R
ecreatinArea
Twnhuses Q4 2009
Cange
Q3 2009
Q4 2009
Cange
Q4 2008
1 Family 2-4 FamilyAverage Price Median Average Price Median
446K
-28%
620K
450K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
446K
N/A
N/A
450K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cnds
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09Cange
Q4 08
332K
+15%
289K
285K
-22%
290K
499
+70%
293
332K+16%
287K
285K-4%
298K
499N/A
N/A
C-ps
AverageSale Price
MedianPrice
Avg Priceper sf
Q4 09
Cange
Q3 09
Q4 09
Cange
Q4 08
209K
+14%
184K
179K
+8%
166K
217
+43%
152
209K
+17%
179K
179K
+5%
170K
217
+8%
201
Interactive map online atPropertyShark.com/maps
Average unit salesper square foot (SF):
Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available
Number of unit sales
per building:
Above 20 Units
10 to 20 Units
3 to 9 Units
1 to 2 Units
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.corcoran.com/thecorcoranreport