Q4 2020 Brooklyn Market Update

Q4 2020 MARKET UPDATE BROOKLYN what’s inside triplemint.com i Q4 2020 i BROOKLYN i 2 Q4 2020 market update OVERVIEW Marketwide Sales OVERALL Sales by Apartment size data by apartment size for condos and co-ops Methodology 03 04 05 06 10 triplemint.com i Q4 2020 i BROOKLYN i 3 Overview 931 TOTAL INVENTORY $915,985 SALES $1,053 NUMBER of NEW LISTINGS Median LISTED Price MARKET AT A GLANCE Q4 2020 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. 919 AVERAGE PRICE PER SQ. FT. Q4 2020 market update 1,074 Contracts signed 4,795 Q3 2020 Quarter over Quarter Quarter over Quarter $1,123 Q3 2020 4,458 average PRICE PER SF CONTRACTS SIGNED $896,516 MARKETWIDE SALES Q3 2020 919 number of new listings Q4 2020 785 Q3 2020 $1,053 Year over Year Year over Year 931 Q4 2020 Q3 2020 921 Q3 2020 Q4 2020 Q4 2020 Quarter over Quarter Q4 2020 1,513 $1,064 $915,985 4,765 1,026 Q4 2019 TOTAL INVENTORY Year over Year SALES Q4 2020 Q4 2019 Q4 2019 Q4 2019 triplemint.com i Q4 2020 i BROOKLYN i 4 median listed price Quarter over Quarter 4,795 Year over Year Q4 2019 558 Quarter over Quarter 953 Quarter over Quarter $909,000 Year over Year 1,074 Q4 2019 Year over Year triplemint.com i Q4 2020 i BROOKLYN i 5 Q4 2020 market update Studio ALCOVE Studio 1 BR SALES 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 16 125 237 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 16 141 307 $1,102,358 $1,749,144 $3,533,105 $1,443,049 $1,692,095 OVERALL SALES by apartment size 276 97 346 356 12 14 3 BR 129 14 2 BR Overall 400 300 200 100 0 120 293 4 2 BR 307 Q4 2020 market update 500 400 300 200 100 0 14 131 149 3 BR 48 163 MULTI-FAMILY ALCOVE STUDIO 22 31 SINGLE-FAMILY STUDIO 4+ BR 4 Co-op 16 27 1 BR STUDIO triplemint.com i Q4 2020 i BROOKLYN i 6 3 SINGLE-FAMILY 220 141 392 9 Condo 98 ALCOVE STUDIO 32 CONTRACTS SIGNED 12 4+ BR 13 MULTI-FAMILY 210 BROOKLyn data by apartment size for condos and co-ops 45 148 162 1 BR 46 107 3 SALES 14 466 2 BR $1,122,714 Condo 4+ BR Q4 2020 market update $1,692,095 $667,630 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 ALCOVE STUDIO SINGLE-FAMILY $512,296 $1,246,058 $652,569 $1,443,049 $753,629 $645,698 MULTI-FAMILY $353,548 1 BR Overall $1,928,150 Co-op $1,102,358 $502,853 STUDIO $443,768 $342,693 3 BR $2,334,375 $3,887,578 $3,533,105 $803,721 $1,749,144 MEDIAN LISTED PRICE triplemint.com i Q4 2020 i BROOKLYN i 7 BROOKLYn data by apartment size for condos and co-ops $752 3 BR 18 2 BR $676 125 NUMBER OF NEW LISTINGS 212 5 15 $1,011 16 347 $737 $631 $2,000 $1,500 $1,000 $500 $0 2 BR 41 SINGLE-FAMILY $1,470 Overall MULTI-FAMILY $1,123 $880 23 4 BROOKLYn data by apartment size for condos and co-ops 133 349 STUDIO 13 $1,178 triplemint.com i Q4 2020 i BROOKLYN i 8 125 Q4 2020 market update Condo $1,032 $1,141 $1,252 ALCOVE STUDIO MULTI-FAMILY $1,602 $1,153 134 $660 1 BR 97 STUDIO 350 300 250 200 150 100 50 0 3 BR $1,326 $1,054 $683 $1,276 239 SINGLE-FAMILY 237 31 ALCOVE STUDIO AVERAGE PRICE PER SF 1 BR $852 4+ BR Co-op 4+ BR 7 Overall 21 21 Q4 2020 market update STUDIO 94 BROOKLYn data by apartment size for condos and co-ops ALCOVE STUDIO 2 BR 178 109 2,011 592 81 61 113 765 3 BR 908 1,485 TOTAL INVENTORY 2,500 2,000 1,500 1,000 500 0 232 Condo 732 SINGLE-FAMILY 1 BR triplemint.com i Q4 2020 i BROOKLYN i 9 1,373 72 1,495 Co-op MULTI-FAMILY 617 560 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. triplemint.com i Q4 2020 i BROOKLYN i 10 METHODOLOGY Q4 2020 market update THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 212.235.1123 1500 Broadway, Suite 501 New York, NY 10036 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.