Q4 2020 MARKET UPDATE BROOKLYN
what’s inside
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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
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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.
1,074
Contracts signed
4,795
Q3 2020
Quarter over Quarter
$1,123
4,458
average PRICE PER SF
CONTRACTS SIGNED
$896,516
MARKETWIDE SALES
number of new listings
Q4 2020
785
Year over Year
921
1,513
$1,064
4,765
1,026
Q4 2019
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median listed price
558
953
$909,000
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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
OVERALL SALES by apartment size
276
14
Overall
400 300 200 100 0
120
293
4
500 400 300 200 100 0
131
163
MULTI-FAMILY
ALCOVE STUDIO
31
SINGLE-FAMILY
STUDIO
Co-op
27
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3
220
9
Condo
98
32
210
BROOKLyn data by apartment size for condos and co-ops
148
46
107
$1,122,714
$667,630
$4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
$512,296
$1,246,058
$652,569
$753,629
$353,548
$1,928,150
$342,693
$2,334,375
$3,887,578
$803,721
MEDIAN LISTED PRICE
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BROOKLYn data by apartment size for condos and co-ops
$752
18
NUMBER OF NEW LISTINGS
212
5
$1,011
$631
$2,000 $1,500 $1,000 $500 $0
23
133
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$1,141
$1,602
$1,153
134
$660
350 300 250 200 150 100 50 0
$1,326
$683
$1,276
239
AVERAGE PRICE PER SF
$852
7
21
178
109
592
61
113
908
2,500 2,000 1,500 1,000 500 0
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1,373
72
1,495
617
560
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.
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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.