Q2 2020 Brooklyn Market Update

Q2 2020 MARKET UPDATE BROOKLYN Q2 2020 market update triplemint.com i Q2 2020 i BROOKLYN i 2 OVERVIEW Marketwide Sales OVERALL Sales by Apartment size data by apartment size for condos and co-ops Methodology what’s inside 3 4 5 6 9 Total Inventory Number of New Listings Median LISTED Price MARKET AT A GLANCE Q2 2020 137 While Brooklyn saw the impact from COVID-19 stay at home restrictions, the average price per square foot and median listed price were both up year over year, and the decrease in number of sales was only 30%, compared with a 50% dip in Manhattan during the same time period. Signed contracts, new listings, and total inventory were down considerably year over year and quarter over quarter, as was expected due to COVID. Read on for a look at Q2 price points, contracts, and inventory across Brooklyn based on home size and type. $908,192 573 Overview Listings with Price Drops triplemint.com i Q2 2020 i BROOKLYN i 3 SALES $1,083 Contracts signed 346 Average price per square foot 697 3,300 Q2 2020 market update MARKETWIDE SALES Q2 2020 VS Q2 2019 Q2 2019 Q2 2020 % Change Average Price per  Sq. Ft. $1,076 $1,083 1 % Contracts Signed 1,162 346 -70 % Median Listed Price $815,123 $908,192 11 % $871,060 $908,192 4 % Number of  New Listings 1,526 697 -54 % 1,103 697 -37 % Listings with Price Drops 804 137 -83 % 292 137 -53 % Sales 816 573 -30 % 710 573 -19 % Total Inventory 4,816 3,300 -31 % 4,563 3,300 -28 % Q2 2020 VS Q1 2020 Q1 2020 Q2 2020 % Change $1,082 $1,083 <1 % 985 346 -65 % Q2 2020 market update triplemint.com i Q2 2020 i BROOKLYN i 4 Studio ALCOVE Studio 1 BR Average Price per Sq. FT. $1,185 $955 $1,092 Contracts Signed 25 4 119 Median Listed Price $551,820 $433,489 $692,297 Number of New Listings 33 11 219 284 130 13 122 196 Listings with Price Drops 8 3 48 52 23 5 41 163 Sales 32 5 192 258 74 6 43 100 Total Inventory 173 44 1,036 1,409 520 77 494 993 2 BR 3 BR 4+ BR Single Family MULTI FAMILY $1,110 $1,304 $1,493 $745 $665 135 48 5 35 80 $1,062,385 $1,869,767 $3,639,672 $1,225,091 $1,647,175 OVERALL SALES by apartment size triplemint.com i Q2 2020 i BROOKLYN i 5 Q2 2020 market update MULTI FAMILY $1,586 2 1 BR triplemint.com i Q2 2020 i BROOKLYN i 6 $1,135 5 $1,500 97 $598 75 25 48 125 $665 $1,382 35 $836 MULTI FAMILY Co-op 4 $892 25 $745 Q2 2020 market update 100 1 BR 7 80 SINGLE FAMILY $1,139 4+ BR 2 BR $760,000 3 BR $1,185 43 STUDIO ALCOVE $607 19 Condo 3 $1,493 Brooklyn data by apartment size for condos and co-ops Overall 4+ BR $2,000 $1,000 $1,110 50 3 $1,092 150 39 10 135 AVERAGE PRICE PER SQ. FT. $1,116 37 $1,341 119 $955 SINGLE FAMILY $632 ALCOVE 80 2 BR $500 3 BR $1,304 2 STUDIO $648 CONTRACTS SIGNED 250 83 17 STUDIO 1250 258 50 17 87 344 Overall TOTAL INVENTORY 1 BR SALES 2 BR 500 1,409 68 ALCOVE 1500 1,036 100 43 MULTI FAMILY Q2 2020 market update 494 14 6 250 200 3 BR 750 76 1 63 SINGLE FAMILY triplemint.com i Q2 2020 i BROOKLYN i 7 44 116 SINGLE FAMILY 1,017 192 520 1000 $760,000 74 77 173 Co-op 32 100 3 BR 18 Brooklyn data by apartment size for condos and co-ops 200 ALCOVE 300 1 BR $760,000 368 0 4+ BR 4+ BR 102 MULTI FAMILY 5 5 10 61 2 BR STUDIO 993 Condo 669 6 28 447 150 $319,733 $433,489 $1,150,314 4+ BR $308,654 2 BR $1,225,091 STUDIO $2,500,000 $474,265 triplemint.com i Q2 2020 i BROOKLYN i 8 1 BR $805,912 MULTI FAMILY Co-op MEDIAN LISTED PRICE $551,820 $1,250,000 $1,869,767 $5,000,000 Q2 2020 market update Overall $200,000 3 BR $1,647,175 Brooklyn data by apartment size for condos and co-ops $656,500 $1,244,263 Condo $2,500,000 $3,639,672 $1,062,385 $608,020 $2,008,733 SINGLE FAMILY $4,086,120 $1,740,799 ALCOVE $692,091 $692,297 Average Price per Square Foot: The average price divided by the average square footage. Contracts Signed: Publicly reported transactions that occurred during the quarter referenced in the report. Listings with Price Drops: Listings whose prices were decreased during the quarter referenced in the report. Median Listed Price: The middle price point when the prices of all inventory are ordered from least to most expensive. Number of New Listings: The number of homes that were listed on the market during the quarter referenced in the report. Quarters: Four three month periods that take place from January - December: Q1: January - March Q2: April - June Q3: July - September Q4: October - December Sales: Homes that sold during the quarter referenced in the report. Total Inventory: All of the listings active during the quarter referenced in the report. Sources: Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS) as well as proprietary data. Q1 2020 market update triplemint.com i Q2 2020 i BROOKLYN i 9 METHODOLOGY THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 212.235.1123 220 West 42nd Street, 22nd Floor New York, NY 10036 Copyright ©2020 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description.