< All Market Reports

Douglas Elliman Report: Brooklyn Sales 2Q 2011

A quarterly survey of Brooklyn residential sales.

…Over the past five quarters, Brooklyn price indicators have shown modest gains over the same period the last year. In the second quarter, median sales price was $480,000, 3.7% above $463,000 in the second quarter last year and 1.1% above $475,000 in the prior quarter. Average sales price showed the same pattern. The rise of each price indicator was largely attributable to the increase in the average size of a sale in the quarter. While new development sales averaged 1,030 square feet and was essentially unchanged over the past year, the average resale, representing 75.4% of all apartment sales, expanded 4.9% to 2,155 square feet over the same period…

Download Now

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
millersamuel.com/housing-notes
Joined October 2007