q4 2009 brooklyn sales report

8/14/2019 Q4 2009 Brooklyn Sales Report

1/13

A comprehensive analysisof the residential real estatemarket in Brooklyn.

In collaboration with

the corcoran report4th QUARTER 2009
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/reporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/reporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreport


2/13

4th QUARTER 2009

the corcoran report

Welcome to the Corcoran Report, our quarterly examination of Brooklyns residential real estate market. With help from Property

Shark, we have included comprehensive information on the entire borough. This report utilizes data based on deals that closedin the Fourth Quarter of 2009 (October 1st through December 31st) and compares it to that of the Third Quarter of 2009 and the

Fourth Quarter of 2008. The sales activity illustrated in the report trails actual market conditions by approximately eight to twelve

weeks due to the typical lag time between a closing and its reporting in the public record.

Overall, the median price of market wide sales fell 10% and average price per square foot decreased 12% from the Fourth Quarter

of 2008. Compared to the Third Quarter of 2009, the median price of market wide sales was down 7% while average price per

square foot remained unchanged, as buyers took advantage of the price declines and were able to purchase higher-end residences

for less money. New development pricing held steady this quarter compared to the overall market, increasing 1% in average price

per square foot while median price remained unchanged from last quarter.

While pricing metrics for median price and average price per square foot are still down compared to a year ago, the percentage

declines in median price are shrinking and average price per square foot this quarter was unchanged from the Third Quarter of

2009, indicating that the pricing gap between buyers and sellers is closing.

We hope you will nd this edition of the Corcoran Report useful and informative, and we welcome any questions you may have

regarding it. View all our current market reports for the most comprehensive analysis of Manhattan, Brooklyn, Long Islands East

End and South Florida at www.corcoran.com/thecorcoranreport.

Sincerely,

Frank Percesepe

Senior Regional Vice President, Brooklyn

BrnQ4Reprt

Brooklyn pricing may be reaching bottom as the national and local economies strengthen and sales activity increases

versus the rst half of 2009. However, compared to the Fourth Quarter of 2008, median sales price and average price

per square foot declined 10% and 12%, respectively. Versus last quarter, median sales price fell 7% and average price

per square foot remained unchanged. The large price declines in the First and Second Quarters of 2009 have slowed

as economic conditions improve and consumers regain a sense of condence about the housing market. Excess new

development supply will continue to come to market, likely creating persistent downward pressure on condominium

pricing in the borough. Resale activity accounted for 67% of sales this quarter, compared to 62% a year ago.

Maret Wde

A Apartments

The following members of the The Corcoran Group made signicant contributions to this report:

Bill Begert I Juliana Brown I Brett Harris I Douglas LaMere I Ryan Schleis I Kirsten Spanjer

The following members of the PropertyShark team made signicant contributions to this report:

Ioana Falcusan I Paula Flonta I Csongor Kovacs I Tudor Manole I Calin Onet

AllSales

Average Sale Price Median Price Average Price Per Square Foot

Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008

500K

-3%

516K

430K

-7%

460K

591

0%

592

500K

-10%

555K

430K

-10%

479K

591

-12%

669
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3/13

4th QUARTER 2009

the corcoran report

Zne 1BushwickWilliamsburg

GreenpointPage 6Zne 2

Brooklyn HeightsBoerum HillCarroll GardensCobble HillDUMBOVinegar HillRed HookGowanusPage 7

Zne 5FlatbushMidwoodGreenwoodSunset ParkBorough ParkPage 10

Zne 6Bay RidgeBensonhurstBath BeachDyker HeightsFort HamiltonGravesendPage 11

Zne 7Mill BasinBergen BeachMarine ParkSheepshead BayManhattanBeachSea Gate

Gerritsen BeachHomecrestBrighton BeachWest BrightonFloyd BennettConey IslandPage 12

Interactive map online at

propertyshark.com/maps

The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is

believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.

Average unit salesper square foot (SF):

Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available

View all our current market reports for themost comprehensive analysis of Manhattan,

Brooklyn, Hamptons and South Florida atwww.crcran.cm/tecrcranreprt

PropertyShark.coms map of Brooklyn plots buildingswith sales in Third Quarter according to their numbers

of sales and average price per square foot.

Zne 8Farragut

East FlatbushCypress Hill

East New YorkFlatlands

Highland ParkCity Line

PaedergatStarrett CitySpring Creek

New LotsCanarsiePage 13

Zne 4Park SlopeKensington

Windsor TerraceProspect Park SouthDitmas Park

Page 9

Zne 3Fort GreeneClinton Hill

Prospect HeightsLefferts Gardens

Bed StuyCrown Heights

Ocean HillWeeksville

Page 8

Number of unit sales

per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units
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4/13

4th QUARTER 2009

the corcoran report4

Resae Maret WdeMarketwide resale median price fell 9% from last quarter and 2% from a year ago to $343,000. Average price persquare foot decreased 6% from last year but remained at compared to last quarter. Resale co-op median price fell 6%from the Third Quarter but increased 3% versus the Fourth Quarter of 2008. Resale co-op average price per squarefoot was down only 2% from last quarter. It should be noted that co-op average price per square foot is skewed in manyneighborhoods as square footage is unable to be collected in some zones. Resale condos experienced mixed resultscompared to last quarter, falling 10% in median price while increasing 1% in average price per square foot as buyerspurchased on higher-end residences for less.

A

llSales


Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008

422K

-5%

442K

343K

-9%

375K

550

0%

551

422K

-2%

431K

343K

-2%

350K

550

-6%

587

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09Cange

Q4 08

354K

-10%

395K

303K

-6%

323K

513

-2%

524

354K-5%

371K

303K+3%

295K

513-9%

561

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09Cange

Q4 08

631K

+3%

613K

530K

-10%

590K

608

+1%

601

631K-1%

636K

530K+1%

525K

608-4%

635

Zone 2 accounted for the highest percentage of sales this quarter with 23%. Last quarter, Zone 4 garnered the highest

percentage of sales with 25% due to closings at new developments in Park Slope including The Argyle and Novo.

Marketshare in Zone 1, which includes Williamsburg, increased from 8% to 12% quarter-over-quarter due to closings

in several new developments including Northside Piers, 80 Met and Mason Fisk.

4Q 08 Zne Saes Cmparsn 3Q 09 Zne Saes Cmparsn 4Q 09 Zne Saes Cmparsn

Zone 1, 13%

Zone 2, 25%

Zone 3, 14%

Zone 4, 20%

Zone5,6%

Zone6,6%

Zone7,10%

Zone8,

5%

Zone1,8%

Zone 2, 23%

Zone 3, 16%Zone 4, 25%

Zone5,7%

Zone6,8%

Zone7,8%

Zone8,5

%

Zone

1,12%

Zone 2, 23%

Zone 3, 17%

Zone 4, 20%

Zone 5, 7%

Zone6,8%

Zone7,8%

Zone8,5

%
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreport


5/13

4th QUARTER 2009


Twnuses Maret WdeTownhouse pricing experienced mixed results this quarter. Single-family townhouses experienced a large median price

percentage increase, rising 13% over last quarter and 51% over a year ago. Multifamily townhouses declined 24% in

median price since last quarter and 23% compared to the Fourth Quarter of 2008. While sales activity for single-family townhouses decreased quarter-over-quarter and year-over-year, multifamily townhouse sales increased 59%

from a year ago and 20% over the Third Quarter of 2009.

Overall, median price remained at over last quarter but was still down 7% compared to a year ago. Average price per

square foot decreased 13% since last year while increasing 1% over last quarter. Marketwide new development sales were

down 16% from the Fourth Quarter of 2008, but increased 1% from the Third Quarter of 2009.

Properties under $500,000 accounted for 52% of sales this quarter compared to 61% a year ago. Sales over $1 million

accounted for 10% of market wide sales this quarter compared to only 5% in the Fourth Quarter of 2008. The highend of the market rebounded this quarter due to closings in luxury resales and new developments compared to a year

ago when sales in the luxury market had all but vanished.

New Deepment Maret Wde

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

CangeQ4 2008

1 Family 2-4 FamilyAverage Price Median Average Price Median

1.295M

-38%

2.096M

1.468M

+13%

1.299M

1.137M

-16%

1.358M

982K

-24%

1.300M

1.295M

-27%1.763M

1.468M

+51%975K

1.137M

-17%1.371M

982K

-23%1.275M

MaretWide


Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008

658K

-2%

671K

585K

0%

583K

629

+1%

624

658K

-12%

750K

585K

-7%

630K

629

-13%

720

Saes b Prce Categr

37%

32%

31%

24%

24%

21%

23%

26%

27%

11%

12%

11%

5%

5%

8%

2

%

1%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

4Q08

3Q09

4Q09

Quarter

Percent of Sales

$0K-$350K $350K-$500K $500K-$750K $750K-$1M $1M-$2M $2M+
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreport


6/13

4th QUARTER 2009


Zne 1 Maret WdeBuswc Wamsburg Greenpnt

Zone 1 experienced slight declines in co-op and condo pricing this quarter. Co-op median price fell 1% from a year ago to $297,000.

Co-op statistics for the area are not particularly relevant as the zone contains very little co-op supply. Condo median price fell

2% from last year and 1% versus last quarter. Condo average price per square foot experienced decreases of 6% from the Fourth

Quarter of 2008 and 5% from the Third Quarter of 2009. Excess condominium supply continues to exert downward pressure on

pricing. There were no single-family townhouse sales in the zone this quarter.

FlUShiNGA

vE

BRoADWAy

CyPRESSAvE

WyCkoFFAvE

EastRiver

QueensNew

tonCree

k

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


N/A

N/A

N/A

N/A

N/A

N/A

995K

+19%

838K

N/A

N/A

827K

N/A

N/A

N/A

N/A

N/A

N/A

995K

+6%

938K

N/A

N/A

999K

Interactive map online atPropertyShark.com/maps

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

632K

0%

634K

594K

-1%

599K

645

-5%

676

632K

-6%

669K

594K

-2%

608K

645

-6%

688

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

256K

-38%

410K

297K

N/A

N/A

467

N/A

N/A

256K

-21%

324K

297K

-1%

299K

467

N/A

N/A




per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units
http://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.corcoran.com/thecorcoranreporthttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.propertyshark.com/mapshttp://www.corcoran.com/thecorcoranreport


7/13

4th QUARTER 2009


Zne 2 Maret WdeBrn hegts Berum h Carr Gardens Cbbe h DUMBo vnegar h Red h Gwanus


Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SF

No SF AvailableFlUShiNGAvE

FlATBUShAvE

EastRi

ver

4th

Ave

Manattan

Gernrsisand


per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

789K

+6%

745K

675K

-4%

700K

687

+11%

621

789K

-4%

821K

675K

-3%

697K

687

-11%

768

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

511K

-10%

570K

428K

-10%

473K

594

+2%

580

511K

-11%

575K

428K

-10%

475K

594

-11%

669

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


1.265M

-49%

2.477M

1.265M

-59%

3.050M

1.682M

-8%

1.838M

1.548M

-11%

1.745M

1.265M

-70%

4.175M

1.265M

-71%

4.400M

1.682M

-19%

2.070M

1.548M

-34%

2.350M

Interactive map online at PropertyShark.com/maps

Co-op median price decreased 10% from both the Fourth Quarter of 2008 and the Third Quarter of 2009. Although co-op averageprice per square foot was down 11% from a year ago, it has increased 2% since last quarter. Condo median price fell 3% versus

last year and 4% versus the Third Quarter. Townhouses in the zone experienced the largest percentage price declines of any zone

this quarter. The median price of single-family townhouses decreased 71% from last year and 59% from last quarter as there were

very few sales in expensive areas such as Brooklyn Heights. The median price of multifamily townhouses decreased 34% from the

Fourth Quarter of 2008 and 11% from the Third Quarter.
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8/13

4th QUARTER 2009


Zne 3 Maret WdeFrt Greene Cntn h Prspect hegts lefferts Gardens Bed Stu Crwn hegts ocean h Weese

PARkSiDEA

vE

NoSTRANDAvE

EMPiREBlvD

FlUShiNG

AvE

PrspectPar

FlATBUShAvE

BRoADWAy

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

387K

-9%

425K

369K

-6%

392K

482

-5%

509

387K

+3%

375K

369K

+9%

340K

482

+8%

448

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


1.575M

+38%

1.142M

N/A

N/A

1.142M

947K

-18%

1.150M

810K

-18%

985K

1.575M

+125%

699K

N/A

N/A

N/A

947K

-9%

1.041M

810K

-16%

960K

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

592K

-6%

633K

535K

-3%

550K

556

-3%

571

592K

-9%

652K

535K

-1%

542K

556

-12%

634


per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units



No SF Available


Although co-op median price fell 6% versus last quarter, it was up 9% over the Fourth Quarter of 2008 as a number of larger residencestraded this quarter compared to a year ago. Co-op average price per square foot experienced similar results, falling 5% since last

quarter while increasing 8% compared to a year ago. The median price of condos decreased 1% since last year and 3% since last

quarter. Condo average price per square foot was down 12% compared to a year ago but was only down 3% since the Third Quarter.

There were not enough single-family townhouse sales to draw any signicant conclusions about pricing in the zone this quarter. The

median price of multifamily townhouses fell 16% from the Fourth Quarter of 2008 and 18% from the Third Quarter of 2009.


9/13

4th QUARTER 2009


Zne 4 Maret WdePar Spe kensngtn Wndsr Terrace Prspect Par Sut Dtmas Par

Zone 4 experienced declines in every price metric this quarter. Co-op median price was down 4% from last quarter and 11% froma year ago. Although co-op average price per square foot decreased 17% from a year ago, it was only down 1% compared to the

Third Quarter. Condo median price decreased 13% from last year but was only down 2% from last quarter. Condo average price

per square foot declined 7% quarter-over-quarter and year-over-year. The median price of single-family townhouses declined 15%

since last quarter but was up 65% over a year ago. The median price of multifamily townhouses declined since last quarter and

last year falling 8% and 24%, respectively.

FoSTERA

vE

MCDoNAlDAvE

WAShiNGToNAvE

oCEANAvE

FlATBUShAvE

PRoSPECTAvE

4Th

AvE

EA

STERNPkWy

PARkSiDEAvE

PrspectPar

Greenwd

CemeterNoSTRANDAvE

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

635K

-5%

667K

585K

-2%

595K

590

-7%

637

635K

-14%

736K

585K

-13%

673K

590

-7%

633

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

433K

-6%

462K

399K

-4%

415K

519

-1%

524

433K

-10%

483K

399K

-11%

451K

519

-17%

626

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


1.735M

-24%

2.271M

1.600M

-15%

1.873M

1.437M

-12%

1.629M

1.400M

-8%

1.517M

1.735M

+43%

1.211M

1.600M

+65%

968K

1.437M

-27%

1.982M

1.400M

-24%

1.850M

Interactive map online at PropertyShark.com/maps




per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units


10/13

4th QUARTER 2009


Zne 5 Maret WdeFatbus Mdwd Greenwd Sunset Par Brug Par

E

3 1 S T

S T

GreenwdCemeter

Upper

Bay

MCDoNAlDAvE

PRoSPECTAvE

65ThST

FoSTERA

vE

kiNGS

hWy

AvENUEP

oCEA

N

P

kWy

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09Cange

Q4 08

352K

-7%

380K

373K

+4%

358K

449

+3%

438

352K-2%

361K

373K-1%

376K

449+2%

441

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

221K

+3%

214K

205K

+12%

184K

335

+31%

255

221K

+2%

216K

205K

-2%

210K

335

+5%

320

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


1.600M

+158%

620K

N/A

N/A

N/A

838K

+1%

828K

810K

-2%

828K

1.600M

+60%

998K

N/A

N/A

960K

838K

+13%

740K

810K

N/A

N/A




per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units


Co-op median price decreased 2% compared to last year, but was up 12% from the Third Quarter. Co-op average price per squarefoot increased 5% from last year and 31% from last quarter as a number of larger and higher-end residences were sold this quarter

compared to last quarter and a year ago. Condo median price increased 4% from the Third Quarter but was still down 1% versus

last year. Condo average price per square foot rose to $449, an increase of 2% over last year and 3% over last quarter. There were

not enough single-family townhouse sales to draw any signicant conclusions about pricing in the zone this quarter. Multifamily

townhouses were down 2% in median price versus the Third Quarter of 2009.


11/13

4th QUARTER 2009


Zne 6 Maret WdeBa Rdge Bensnurst Bat Beac Der hegts Frt hamtn Graesend

Co-op median price was unchanged since last year and was down only 2% since last quarter. Co-op average price per squarefoot experienced signicant increases, rising 8% quarter-over-quarter and 20% year-over-year, as a number of larger and more

expensive residences closed this quarter. Although condo median price was up 4% compared to last year, it fell 16% since last

quarter to $365,000. Condo average price per square foot decreased 2% since the Third Quarter, from $404 to $394. There

were not enough single-family or multifamily townhouse sales to draw any signicant conclusions about pricing in the zone this

quarter.

Gravesend

Bay

65ThST

AvENUEP

ShoRE PkWy

oCEANPkWy

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

386K

-8%

420K

365K

-16%

436K

394

-2%

404

386K

+10%

350K

365K

+4%

350K

394

N/A

N/A

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

231K

-5%

244K

215K

-2%

220K

394

+8%

364

231K

-4%

240K

215K

0%

215K

394

+20%

328

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


1.100M

N/A

N/A

N/A

N/A

N/A

N/A

N/A

909K

N/A

N/A

909K

1.100M

+40%

783K

N/A

N/A

783K

N/A

N/A

651K

N/A

N/A

651K


Above $2,500 SF$2,000 - $2,500 SF$1,500 - $2,000 SF$1,250 - $1,500 SF

$1,000 - $1,250 SF$750 - $1,000 SF$500 - $750 SFBelow $500 SFNo SF Available


per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units



12/13

4th QUARTER 2009


Zne 7 Maret WdeM Basn Bergen Beac Marne Par Seepsead Ba Manattan Beac Sea Gate Gerrtsen Beac

hmecrest Brgtn Beac West Brgtn Fd Bennett Cne isandCo-op median price fell 5% year-over-year but increased 9% quarter-over-quarter. Co-op average price per square foot decreased

8%, from $284 to $260, since last year. While condo median price was up 4% over last quarter, it was still down 22% compared to

the Fourth Quarter of 2008. There were not enough single-family or multifamily townhouse sales to draw any signicant conclusions

about pricing in the zone this quarter.

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Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


446K

-66%

1.299M

450K

N/A

N/A

543K

N/A

N/A

543K

N/A

N/A

446K

N/A

N/A

450K

N/A

N/A

543K

-1%

550K

543K

N/A

N/A




No SF Available


per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

525K

+8%

484K

426K

+4%

410K

N/A

N/A

N/A

525K

-19%

650K

426K

-22%

545K

N/A

N/A

358

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

219K

+5%

209K

205K

+9%

188K

260

N/A

N/A

219K

-6%

234K

205K

-5%

215K

260

-8%

284


13/13

4th QUARTER 2009


Zne 8 Maret WdeBa Rdge Bensnurst Bat Beac Der hegts Frt hamtn Graesend Canarse

Co-op median price increased 5% compared to last year and 8% compared to last quarter. Co-op average price per square foot alsoexperienced increases, rising 8% since last year and 43% since last quarter, as a few high-priced closings inated the averages.

Condo median price decreased 4% since the Fourth Quarter of 2008 and 2% since the Third Quarter of 2009. Condo average price

per square foot increased signicantly over last quarter, rising 70% as a small number of closings in new developments skewed the

averages higher. There were no multifamily townhouse sales in the zone this quarter.

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FlATB

USh

AvE

PA

ERDEGAT

AvEN

AvEN

UE

U

CanarseBeac Par

Cemeteryof

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atewaNatinal

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ecreatinArea

Twnhuses Q4 2009

Cange

Q3 2009

Q4 2009

Cange

Q4 2008


446K

-28%

620K

450K

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

446K

N/A

N/A

450K

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Cnds

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09Cange

Q4 08

332K

+15%

289K

285K

-22%

290K

499

+70%

293

332K+16%

287K

285K-4%

298K

499N/A

N/A

C-ps

AverageSale Price

MedianPrice

Avg Priceper sf

Q4 09

Cange

Q3 09

Q4 09

Cange

Q4 08

209K

+14%

184K

179K

+8%

166K

217

+43%

152

209K

+17%

179K

179K

+5%

170K

217

+8%

201





per building:

Above 20 Units

10 to 20 Units

3 to 9 Units

1 to 2 Units

q4 2009 brooklyn sales report

Documents