First Quarter 2019 Market Report Brooklyn Residential Data Highlights First Quarter 2019
First Quarter 2019 Market Report Brooklyn Residential Data Highlights First Quarter 2019 Cover Property: BrownHarrisStevens.com WEB# 19493713 Brooklyn apartment prices averaged $774,694 in the first quarter, 6% less than a year ago. Prices rose slightly for resale apartments but fell for new development units. BrownHarrisStevens.com WEB# 19161657 The average price rose 5% for 1-3 family homes compared to 2018’s first quarter. BrownHarrisStevens.com WEB# 19516242 All Brooklyn Cooperatives & Condominiums First Quarter 2019 Cooperatives & Condominiums Average & Median Sales Price $826,242 $672,045 $877,806 $688,000 $850,238 $699,000 $815,600 $675,000 $774,694 $636,406 $1,000,000 $900,000 $800,000 $700,000 BrownHarrisStevens.com WEB# 19331371 $600,000 $500,000 $400,000 1st Q18 2nd Q18 3rd Q18 4th Q18 1st Q19 Average Sales Price Median Sales Price Cooperative Condominium BrownHarrisStevens.com WEB# 19294805 Average Price Per Room Average Price Per Square Foot $146,034 $146,113 $928 $915 $160,000 $1,000 The average apartment price fell $150,000 $950 6% over the past year. $140,000 $900 $130,000 $850 $120,000 $800 At $636,406, the median price was 5% $110,000 $750 lower than the first quarter of 2018. $100,000 $700 1st Q18 1st Q19 1st Q18 1st Q19 * Includes new development and resale apartments. 1Q19 data is preliminary and subject to revision in future reports. Data from the prior four quarters has been revised to include Sales recorded after our initial reports were released. Brown Harris Stevens 3 All Brooklyn 1-3 Family Houses First Quarter 2019 Average & Median Sales Price $1,076,452 $860,650 $1,095,710 $857,000 $1,148,750 $889,500 $1,130,851 $938,000 $1,131,419 $880,000 $1,300,000 $1,200,000 $1,100,000 $1,000,000 $900,000 $800,000 $700,000 1st Q18 2nd Q18 3rd Q18 4th Q18 1st Q19 Average Sales Price Median Sales Price Average Price Per Square Foot BrownHarrisStevens.com WEB# 16114078 $485 $491 $532 $530 $521 $550 $525 $500 $475 $450 $425 $400 1-3 family homes sold for an average of 1st Q18 2nd Q18 3rd Q18 4th Q18 1st Q19 $1,131,419, 5% more than a year ago.
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