Q3 2020 Brooklyn Market Update

Q3 2020 MARKET UPDATE BROOKLYN Q3 2020 market update triplemint.com i Q3 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 6 7 11 $910,000 NUMBER of NEW LISTINGS The Q3 Brooklyn market saw upticks in supply and demand with quarter over quarter increases in inventory, sales, and contracts signed. Median listed prices and average price per square foot saw quarter over quarter and year over year increases, while year over year numbers for sales and contracts signed remained down. TOTAL INVENTORY Overview triplemint.com i Q3 2020 i BROOKLYN i 3 1,513 AVERAGE PRICE PER SQ. FT. MARKET AT A GLANCE Q3 2020 $1,123 Median LISTED Price SALES Contracts signed 667 4,458 Q3 2020 market update 921 MARKETWIDE SALES YEAR OVER YEAR Q3 2019 Q3 2020 % Change SALES 953 667 -30 % Contracts Signed 1,007 921 -9 % Median Listed Price $855,500 $909,000 6 % $908,450 $910,000 <1% Average Price per  Sq. Ft. $1,088 $1,123 3 % $1,083 $1,123 4 % NUMBER OF NEW LISTINGS 1,400 1,513 8 % 697 1,513 117 % Total Inventory 4,947 4,458 -10 % 3,300 4,458 35 % QUARTER OVER QUARTER Q2 2020 Q3 2020 % Change 573 667 16 % 346 921 166 % Q3 2020 market update triplemint.com i Q3 2020 i BROOKLYN i 4 number of new listings 4,947 Q3 2019 average price per sF TOTAL INVENTORY 697 Q2 2020 <1% Quarter Over Quarter Change $1,123 Q3 2020 +117% Quarter Over Quarter Change +6% Year Over Year Change 1,007 Q3 2019 -10% Year Over Year Change triplemint.com i Q3 2020 i BROOKLYN i 5 $855,5000 Q3 2019 1,513 Q3 2020 +4% Quarter Over Quarter Change -9% Year Over Year Change SALES $908,450 Q2 2020 667 Q3 2020 $1,083 Q2 2020 -30% Year Over Year Change MARKETWIDE SALES Q3 2020 market update 4,458 Q3 2020 +35% Quarter Over Quarter Change contracts signed $910,000 Q3 2020 +8% Year Over Year Change 346 Q2 2020 573 Q2 2020 1,400 Q3 2019 921 Q3 2020 +166% Quarter Over Quarter Change $1,088 Q3 2019 953 Q3 2019 +3% Year Over Year Change median listed price +16% Quarter Over Quarter Change 3,300 Q2 2020 OVERALL SALES by apartment size triplemint.com i Q3 2020 i BROOKLYN i 6 Q3 2020 market update Studio ALCOVE Studio 1 BR SALES 14 9 214 Contracts Signed 41 21 345 Median Listed Price $508,148 $434,138 $704,809 Average Price per Sq. FT. $1,197 $849 $1,033 $1,132 $1,246 $1,599 $757 $696 Number of New Listings 77 27 493 635 256 36 221 385 Total Inventory 219 78 1,428 1,816 722 95 760 1,430 2 BR 3 BR 4+ BR Single Family MULTI Family 237 72 4 43 74 380 129 8 137 218 $1,159,166 $1,853,687 $3,838,681 $1,457,385 $1,637,723 188 43 214 345 4 6 triplemint.com i Q3 2020 i BROOKLYN i 7 3 BR 72 14 2 BR 250 200 150 100 50 0 48 250 2 2 BR 218 400 350 300 250 200 150 100 50 0 5 Q3 2020 market update 82 129 3 BR 14 128 MULTI-FAMILY ALCOVE STUDIO 21 27 SINGLE-FAMILY STUDIO 4+ BR 4 8 14 1 BR STUDIO 2 SINGLE-FAMILY 201 137 237 2 61 ALCOVE STUDIO 8 CONTRACTS SIGNED 19 4+ BR 9 MULTI-FAMILY 131 BROOKLyn data by apartment size for condos and co-ops Condo 41 149 74 1 BR 28 100 4 SALES 5 Overall 380 Co-op 2 BR $1,377,303 4+ BR $1,637,723 $686,250 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 ALCOVE STUDIO SINGLE-FAMILY $498,078 $1,223,468 $642,448 $1,457,385 $821,683 $704,809 MULTI-FAMILY triplemint.com i Q3 2020 i BROOKLYN i 8 $348,145 1 BR Co-op $2,034,008 $1,159,166 $508,148 Overall STUDIO $434,138 Q3 2020 market update $318,341 3 BR $2,410,201 $4,084,062 Condo $3,838,681 $810,931 $1,853,687 MEDIAN LISTED PRICE BROOKLYn data by apartment size for condos and co-ops $742 3 BR 45 2 BR $696 256 NUMBER OF NEW LISTINGS 263 10 27 $1,074 36 493 $757 $670 $2,000 $1,500 $1,000 $500 $0 2 BR 77 SINGLE-FAMILY $1,599 MULTI-FAMILY $1,121 $849 34 13 triplemint.com i Q3 2020 i BROOKLYN i 9 BROOKLYn data by apartment size for condos and co-ops 230 635 24 STUDIO $1,197 Q3 2020 market update 221 $1,033 $1,089 $1,246 ALCOVE STUDIO MULTI-FAMILY $1,563 $1,168 219 Co-op $643 1 BR 184 STUDIO Overall 800 700 600 500 400 300 200 100 0 3 BR $1,300 $1,132 $672 $1,318 416 SINGLE-FAMILY 385 66 Condo ALCOVE STUDIO AVERAGE PRICE PER SF 1 BR $913 4+ BR 4+ BR 18 21 24 STUDIO 95 BROOKLYn data by apartment size for condos and co-ops ALCOVE STUDIO 2 BR Q3 2020 market update 104 142 1,816 540 78 52 107 722 Condo 3 BR 853 1,428 TOTAL INVENTORY 2,000 1,500 1,000 500 0 219 760 SINGLE-FAMILY 1 BR 1,306 75 1,430 MULTI-FAMILY 620 triplemint.com i Q3 2020 i BROOKLYN i 10 Overall Co-op 557 4+ BR 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. 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. Q3 2020 market update triplemint.com i Q3 2020 i BROOKLYN i 11 METHODOLOGY THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 212.235.1123 1500 Broadway, Suite 501 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.