Q4 2020 MARKET UPDATE BROOKLYN
Q4 2020 market update
triplemint.com i Q4 2020 i BROOKLYN i 2
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OVERVIEW Marketwide Sales OVERALL Sales by Apartment size data by apartment size for condos and co-ops Methodology
what’s inside
Median LISTED Price
The fourth quarter real estate market in Brooklyn showed a continuation of the high demand seen during most of 2020. Year over year and quarter over quarter sales, contracts, and listing prices were up while average price per square foot was slightly down.
MARKET AT A GLANCE Q4 2020
919
4,795
AVERAGE PRICE PER SQ. FT.
NUMBER of NEW LISTINGS
Overview
$915,985
$1,053
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SALES
931
Contracts signed
1,074
TOTAL INVENTORY
$1,123
Q4 2019
MARKETWIDE SALES
Year over Year
Quarter over Quarter
Q4 2020
$896,516
Q3 2020
$1,064
785
CONTRACTS SIGNED
953
1,026
558
4,765
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number of new listings
average PRICE PER SF
$909,000
921
1,513
median listed price
4,458
OVERALL SALES by apartment size
Studio
ALCOVE Studio
1 BR
48
13
346
Contracts Signed
45
22
356
Median Listed Price
$502,853
$443,768
$645,698
Average Price per Sq. FT.
$1,178
$880
$1,032
$1,054
$1,252
$1,470
$737
$676
Number of New Listings
41
15
347
349
125
16
237
Total Inventory
232
81
1,485
2,011
765
94
732
1495
2 BR
3 BR
4+ BR
Single Family
MULTI Family
392
129
12
97
162
466
149
141
307
$1,102,358
$1,749,144
$3,533,105
$1,443,049
$1,692,095
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293
148
Co-op
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500 400 300 200 100 0
9
107
BROOKLyn data by apartment size for condos and co-ops
3
400 300 200 100 0
276
14
98
31
ALCOVE STUDIO
STUDIO
220
MULTI-FAMILY
SINGLE-FAMILY
131
27
163
Overall
Condo
46
32
4
120
210
$1,928,150
$1,122,714
$667,630
$753,629
$1,246,058
$512,296
$4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
$2,334,375
$3,887,578
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MEDIAN LISTED PRICE
$652,569
$342,693
$803,721
$353,548
BROOKLYn data by apartment size for condos and co-ops
$631
$1,141
$1,602
18
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$1,011
AVERAGE PRICE PER SF
134
212
$683
$752
$1,153
350 300 250 200 150 100 50 0
NUMBER OF NEW LISTINGS
$1,276
$1,326
7
133
$2,000 $1,500 $1,000 $500 $0
239
$660
5
23
$852
617
908
triplemint.com i Q4 2020 i BROOKLYN i 9
178
61
1,495
21
113
1,373
109
72
560
2,500 2,000 1,500 1,000 500 0
592
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.
triplemint.com i Q4 2020 i BROOKLYN i 10
METHODOLOGY
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Copyright ©2021 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.