2016 Brooklyn residential - Halstead Real...

Brooklyn residential

Market reportsecond Quarter2016

data HighlightsCover Property: halstead.com WEB# 15034153

halstead.com WEB# 14995060

Average apartment price of $687,701

10% higher than 4Q14

halstead.com WEB# 13291330

Apartment prices rose most in Central Brooklyn; North Brooklyn led townhouse price increases

records set for both the average and median Brooklyn apartment prices

The average Brooklyn townhouse

price rose 2% over the past year

Halstead Property 3

* Includes new development and resale apartments.2Q16 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

$800,000

$700,000

$600,000

$500,000

$400,000

$200,000

$300,000

$140,000

$130,000

$120,000

$110,000

$100,000

$80,000

$90,000

$850

$825

$800

$775

$750

$700

$725

$123,346 $129,651 $801 $818

2nd Q15 2nd Q16 2nd Q15 2nd Q16

$666,073 $570,000

1st Q16

$686,092 $558,750

4th Q15

$724,978 $570,000

3rd Q15

$680,972 $556,000

2nd Q15

$746,277 $589,579

2nd Q16

10% The increase in the average apartment price, to a record $746,277

all Brooklyn1-4 FAMIly HOUSES

Halstead Property 4

AVERAgE PRiCE PER SQuARE FooT

AVERAgE & mEdiAn SAlES PRiCE


$1,000,000

$900,000

$800,000

$700,000

$600,000

$400,000

$500,000

$450

$425

$400

$375

$350

$300

$325

$398

3rd Q15

$405

4th Q15

$975,302 $815,000

1st Q16

$949,128 $746,000

3rd Q15

$940,203 $750,000

4th Q15

$952,140 $745,000

2nd Q15

$971,395 $800,000

2nd Q16

$438

1st Q16

$440

2nd Q16

$392

2nd Q15

Townhouse average price per square

foot up 12% from a year ago

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

Seagate

Sheepshead Bay

Sunset Park

B

s

C

npage 8

page 10

page 6

page 12

Brooklyn Market areas

Brownstone BrooklynCOOPERATIVES & CONDOMINIUMS

Halstead Property 6

Condominium


CooPERATiVE




$1,050,000

$950,000

$850,000

$750,000

$650,000

$450,000

$550,000

$225,000

$200,000

$175,000

$150,000

$125,000

$75,000

$100,000

$2,000

$1,050

$1,000

$950

$900

$800

$850

$196,047 $199,979 $1,038 $1,051

Average and median prices reflect double-digit

increases over the past year

2nd Q15 2nd Q16 2nd Q15 2nd Q16

$922,377 $797,000

1st Q16

$972,706 $829,000

4th Q15

$1,024,354 $849,000

3rd Q15

$922,023 $770,000

2nd Q15

$1,012,229 $880,000

2nd Q16

Halstead Property 7

Brownstone Brooklyn1-4 FAMIly HOUSES


$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

$811

3rd Q15

$835

4th Q15

Townhouse prices decline from the second quarter of 2015

$2,284,699 $2,100,000

1st Q16

$2,320,242 $2,100,000

3rd Q15

$2,266,683 $1,900,000

4th Q15

$2,417,178 $2,025,000

2nd Q15

$2,103,765 $1,900,000

2nd Q16

$880

1st Q16

$765

2nd Q16

$802

2nd Q15

$2,750,000



Halstead Property 8

north BrooklynCOOPERATIVES & CONDOMINIUMS

CooPERATiVES & CondominiumSAverage & Median Sales Price


$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$500,000

$600,000

CondominiumAverage Price Per Square Foot

$975

$950

$925

$900

$875

$825

$850

$955 $878

2nd Q15 2nd Q16

Apartment prices fall from the second quarter of 2015

$936,376 $806,000

1st Q16

$1,000,884 $900,000

4th Q15

$975,015 $805,000

3rd Q15

$1,093,188 $900,600

2nd Q15

$966,467 $736,000

2nd Q16

Halstead Property 9

north Brooklyn1-4 FAMIly HOUSES


$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

$752

3rd Q15

$728

4th Q15

The average townhouse price up

16% from a year ago

$1,904,486 $1,681,250

1st Q16

$1,880,372 $1,725,000

3rd Q15

$1,864,571 $1,825,000

4th Q15

$2,007,218 $1,778,000

2nd Q15

$2,336,100 $2,000,000

2nd Q16

$772

1st Q16

$991

2nd Q16

$830

2nd Q15

$2,500,000



Halstead Property 10

central BrooklynCOOPERATIVES & CONDOMINIUMS

CooPERATiVES & CondominiumSAverage & Median Sales Price


$700,000

$600,000

$500,000

$400,000

$300,000

$100,000

$200,000

CondominiumAverage Price Per Square Foot

$750

$700

$650

$600

$550

$450

$500

$585 $665

2nd Q15 2nd Q16

18% increase in the average apartment price

$587,296 $575,000

1st Q16

$611,202 $565,000

4th Q15

$590,697 $560,000

3rd Q15

$586,815 $611,500

2nd Q15

$692,691 $652,000

2nd Q16

central Brooklyn1-4 FAMIly HOUSES



$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$350

$325

$300

$275

$250

$200

$225

$294

3rd Q15

$298

4th Q15

Townhouse average price

15% higher than a year ago

$832,058 $710,000

1st Q16

$754,212 $657,500

3rd Q15

$744,509 $632,500

4th Q15

$703,183 $635,000

2nd Q15

$805,463 $680,000

2nd Q16

$340

1st Q16

$327

2nd Q16

$280

2nd Q15

$850,000



south BrooklynCOOPERATIVES & CONDOMINIUMS


Condominium


CooPERATiVE




$400,000

$350,000

$300,000

$250,000

$200,000

$100,000

$150,000

$85,000

$80,000

$75,000

$70,000

$65,000

$55,000

$60,000

$525

$500

$475

$450

$400

$350

$375

$66,268 $76,486 $499 $504

2nd Q15 2nd Q16 2nd Q15 2nd Q16

Average apartment price rose

13% to $407,190

$399,048 $350,000

1st Q16

$369,274 $315,000

4th Q15

$363,490 $320,000

3rd Q15

$361,666 $303,329

2nd Q15

$407,190 $359,000

2nd Q16

south Brooklyn1-4 FAMIly HOUSES



$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$450

$425

$400

$375

$350

$300

$325

$374

3rd Q15

$393

4th Q15

10% increase in the average townhouse price

$839,508 $780,000

1st Q16

$798,497 $700,000

3rd Q15

$830,725 $735,000

4th Q15

$777,979 $694,000

2nd Q15

$416

1st Q16

$439

2nd Q16

$364

2nd Q15

$850,000



$856,337 $769,000

2nd Q16

Prepared by Gregory Heym,

Chief Economist,

Halstead Property, LLC.

©2016 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

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