Prospect Park South Red Hook Sheepshead Bay Sunset Park Williamsburg Windsor Terrace The Corcoran Report Bath Beach Bensonhurst Bay Ridge Bedford - Stuyvesant Boerum Hill Brooklyn Heights Bushwick Carroll Gardens Clinton Hill Cobble Hill Crown Heights Ditmas Park DUMBO Vinegar Hill Dyker Heights Flatbush Fort Greene Brooklyn Gowanus Gravesend Greenpoint Greenwood Kensington Lefferts Gardens Midwood Mill Basin Park Slope Prospect Heights Prospect Park South Red Hook Sheepshead Bay Sunset Park Williamsburg Windsor Terrace The Corcoran Report 3rd Quarter 2012 Bath Beach Bensonhurst Bay Ridge Bedford - Stuyvesant Boerum Hill Brooklyn Heights Bushwick Carroll Gardens Clinton Hill Cobble Hill Crown Heights Ditmas Park DUMBO Vinegar Hill Dyker Heights Flatbush Fort Greene Brooklyn A comprehensive analysis of the residential real estate market in Brooklyn.
The Corcoran Report
Page 2
3rd Quarter 2012
Introduction Welcome to the Corcoran Report, our comprehensive quarterly examination of the residential real estate market in Brooklyn. The report examines closed transactions during the Third Quarter of 2012 (July 1 through September 30) and compares them to the Third Quarter 2011 and the Second Quarter 2012. Statistics in this report trail actual market conditions by approximately eight to twelve weeks due to the typical lag time between a contract signing and its closing. The Brooklyn market displayed persistent growth during Third Quarter 2012. Market-wide sales volume rose 26% vs. Third Quarter 2011 and increased 3% vs. Second Quarter 2012, the third consecutive quarter of increased sales activity. Market-wide, the median sale price surpassed both last quarter and last year, achieving its highest point since the market downturn four years ago. The market-wide median price of $525,000 rose 6% from last quarter and 3% versus the same quarter in 2011. Meanwhile, the price per foot continued its upward trend, surpassing $600 per square foot for the second quarter in a row, a 2% increase from last quarter and a 13% increase from Third Quarter 2011. Prices for new development properties also rose this quarter, up 3% in median price from Second Quarter 2012 and 12% from this time last year. Mild upward pricing pressure has begun to manifest itself in the re-sale market as Brooklyn’s inventory of new development property dwindles. A glimpse of this market pressure was seen this quarter with median prices of resale co-ops and condos increasing 13% from last quarter to $439,000. We hope you will find 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 Island’s East End and South Florida at www.corcoran.com/thecorcoranreport.
Sincerely,
Frank Percesepe
Senior Regional Vice President, Brooklyn
Market Wide
ALL SALES
All Apartments Average Sale Price
Median Price
Avg Price per sf
Q3 2012 Change Q2 2012
614K
525K
633
0% 612K
6% 497K
2% 622
Q3 2012 Change Q3 2011
614K
525K
633
8%
3%
13%
567K
511K
562
The following members of the The Corcoran Group made significant contributions to this report: Douglas LaMere I Ryan Schleis I Joshua Sachs I Kirsten Spanjer I Brie Train The following members of the PropertyShark team made significant contributions to this report: Matthew Haines I Calin Onet I Robert Raiz I Claudia Santa I Robert Sarb
The Corcoran Report
Page 3
3rd Quarter 2012
View all our current market reports for the most comprehensive analysis of Manhattan, Brooklyn, Hamptons and South Florida at www.corcoran.com/thecorcoranreport
Brooklyn Heights Cobble Hill Dumbo Downtown Page 7
Williamsburg Greenpoint Page 6 Fort Greene Clinton Hill Prospect Heights Page 9
Carroll Gardens Boerum Hill Red Hook Page 10
Bedford–Stuyvesant Crown Heights Lefferts Gardens Bushwick Page 11
Park Slope Gowanus Page 8
Kensington Windsor Terrace Ditmas Park Flatbush Prospect Park South Page 12
East Flatbush Marine Park Mill Basin Bergen Beach Gerritsen Beach Greenwood Sunset Park Borough Park Mapleton Midwood Bay Ridge Dyker Heights Bensonhurst Bath Beach Gravesend Sheepshead Bay Sea Gate Coney Island Brighton Beach Manhattan Beach Page 13 Average unit sales per square foot (SF): PropertyShark.com’s map of Brooklyn plots buildings with sales in the Second Quarter according to their number of sales and average price per square foot.
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 SF Below $500 SF No SF Available
Interactive map online at Number of unit sales per building:
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
propertyshark.com/maps
The Brooklyn Sales Report is based on data collected by The Corcoran Group from internal and external resources including the public records of the City of New York. All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Through information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. This is not intended to solicit property already listed. Equal Housing Opportunity. Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC.
The Corcoran Report
Page 4
3rd Quarter 2012
Resale Market Wide
Average Sale Price
Median Price
Avg Price per sf
Q3 2012 Change Q2 2012
527K
439K
578
4% 508K
13% 390K
5% 550
Q3 2012 Change Q3 2011
527K
439K
578
4%
1%
4%
509K
433K
557
Average Sale Price
Median Price
Avg Price per sf
Q3 2012 Change Q2 2012
454K
350K
554
-2% 461K
4% 336K
2% 542
Q3 2012 Change Q3 2011
454K
350K
554
9%
-3%
-1%
416K
359K
560
RESALE CONDOS
RESALE CO-OPS
ALL RESALES
Strong sales of two bedroom and larger residences drove this quarter’s median price increase of 13% versus Second Quarter 2012, though this was roughly on par with Third Quarter 2011. Resale price per foot grew 5% from last quarter and 4% from last year.
Average Price Sale Median
Price Avg
Price per sf
Q3 2012 Change Q2 2012
646K
565K
591
11% 581K
16% 485K
7% 554
Q3 2012 Change Q3 2011
646K
565K
591
-3%
1%
7%
667K
559K
553
Sales activity surpassed both last quarter and last year while price per square foot reached its highest point since the market downturn four years ago. This quarter’s average price per square foot of all sales was $633, just 5% off from Brooklyn’s peak just before Third Quarter 2008.
Historical Sales and Price per Square Foot (Condos and Co-ops) Average PPSF
$900
1,600
$800
1,400
$700
1,200
$600
1,000
$500
800
$400
600
$300
400
$200
200
$100
0
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09 1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q12
2Q12
3Q12
$0
Price per Square Foot
Number of Sales
Number of Sales
1,800
The Corcoran Report
Page 5
3rd Quarter 2012
Townhouses Townhouse averages can be skewed each quarter due to the limited number of sales. The average price of single-family townhouse sales increased slightly from both last Quarter and last year due to strong sales in Brooklyn Heights. Two- to four-family townhomes average sales price was down 10% from last quarter, but still up 9% from Third Quarter 2011.
MARKET WIDE
1 Family
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
1.910M
1.195M
1.299M
1.197M
2% 1.873M
-30% 1.714M
-10% 1.441M
4% 1.148M
Q3 2012 Change Q3 2011
1.910M
1.195M
1.299M
1.197M
3%
-21%
9%
33%
1.863M
1.505M
1.193M
900K
Sales by Price Category Brooklyn’s market share of sales over $1M shrank slightly from last quarter to 13% from 15%, but remains strong compared to the 10% share during Third Quarter 2011. Sales in the price category of $750K to $1M had its highest market share in three years at 14%. The number of sales under $350,000 continued to shrink, dropping to 27%, from 29% last quarter and 31% last year. Under $350K
Quarter
22%
27%
3Q12
29%
2Q12
0%
10%
30%
40%
60%
13% 13%
70%
80%
$2M+
12%
12%
27% 50%
$1M-$2M
14%
22%
21% 20%
$750K-$1M
25%
22%
31%
3Q11
$500K-$750K
$350K-$500K
9% 90%
1% 2% 1% 100%
New Developments
MARKET WIDE
New development sales continue to indicate strong demand, reaching a median price of just over $635,000, the highest median sales price in over three years. The price per square foot of $684 is just 5% off the peak of $720 per square foot during Fourth Quarter 2008. Average sale price escalated 18% from last year, due to an influx in closings of three plus bedroom residences. Average Sale Price
Median Price
Avg Price per sf
Q3 2012 Change Q2 2012
742K
$635K
684
-2% 756K
3% $618K
0% 682
Q3 2012 Change Q3 2011
742K
$635K
684
18%
12%
12%
631K
$569K
612
The Corcoran Report
Page 6
3rd Quarter 2012
Market Wide Williamsburg Greenpoint In Williamsburg/Greenpoint prices rose versus last year with the median sale price up 9% and price per square foot up 5% over the same time period. Compared to last quarter, median price jumped 12% as there were fewer low priced one bedrooms sold. However, there were also fewer high priced two bedrooms sold, causing averaging pricing to fall slightly. Note that there are a statistically insignificant number of co-op sales in the submarket.
CO-OPS
Average Sale Price Queens
n to
ew
N ee Cr
Q3 2012 Change Q3 2011
Average Price per SF
N/A
N/A
N/A
N/A 274K
N/A 252K
N/A 422
N/A
N/A
N/A
N/A
N/A
N/A
587K
N/A
481
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
758K
703K
748
-2% 772K
12% 625K
-3% 768
Q3 2012 Change Q3 2011
758K
703K
748
2%
9%
5%
746K
642K
710
CONDOS
k
East River
Q3 2012 Change Q2 2012
Median Price
Number of unit sales per building:
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
VE NG A
HI FLUS
Average unit sales per 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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
MARKET WIDE
1 Family
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
1.060M
1.060M
1.279M
1.175M
12% 950K
N/A N/A
-21% 1.617M
-13% 1.350M
Q3 2012 Change Q3 2011
1.060M
1.060M
1.279M
1.175M
N/A
N/A
35%
33%
N/A
N/A
947,000
885K
The Corcoran Report
Page 7
3rd Quarter 2012
Market Wide Brooklyn Heights Cobble Hill Dumbo Downtown The co-op market saw median sale price decrease 7% from both last quarter and last year, but the condo market offset this slump with a 15% increase in median price compared to Third Quarter 2011. With the majority of units closing at an average sale price over $1M, a three year high of $819 per square foot was recorded. This area had the largest year-over-year price per square foot increase in the Borough, with an increase of 12% from last year.
CONDOS
Ea st R
iv er
CO-OPS
Manhattan
FLUSHING AVE
Average Sale Price
Median Price
Q3 2012 Change Q2 2012
Average Price per SF
460K
641
-7% 495K
-2% 657
581K
460K
641
-7%
-7%
-2%
626K
496K
656
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
958K
850K
819
3% 929K
0% 848K
7% 765
Q3 2012 Change Q3 2011
958K
850K
819
8%
15%
12%
888K
738K
733
Q3 2012 Change Q3 2011
NT
RAW ST
FU
LTO N
Number of unit sales per building:
ST
COU RT ST
DEG
IC A VE
HO YT
ATL A
ST
VE HA
US
TB FLA
581K -17% 704K
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
Average unit sales per 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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
MARKET WIDE
1 Family
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
4.124M
4.038M
2.157M
1.900M
56% 2.638M
53% 2.638M
-37% 3.420M
-43% 3.330M
Q3 2012 Change Q3 2011
4.124M
4.038M
2.157M
1.900M
30%
26%
-40%
-47%
3.179M
3.200M
3.600M
3.600M
The Corcoran Report
Page 8
3rd Quarter 2012
Market Wide Park Slope Gowanus
HA VE 4T ST
Average Sale Price
Median Price
Average Price per SF
793K
729K
699
13% 703K
20% 608K
3% 679
793K
729K
699
24%
20%
-5%
638K
608K
739
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
795K
735K
710
11% 714K
22% 603K
2% 699
Q3 2012 Change Q3 2011
795K
735K
710
25%
20%
8%
638K
615K
656
Q3 2012 Change Q2 2012 Q3 2012 Change Q3 2011
EC T
PA R
K
W
CONDOS
Go wa n
us
VE HA
Ca n
US
al
B AT
FL
DE GR AW
CO-OPS
Co-op and condo prices in Park Slope repeated the price surge from last quarter; condo median prices soared 22% from Second Quarter 2012 while the co-op median price jumped 20% over the same time period. All bedroom types in the condo market saw price increases from last quarter, assisting the 8% growth in average price per square foot to $710. This is the first time since the downturn that the Park Slope condo market averaged over $700 per square foot.
PR OS P
PR OS P
EC T
Number of unit sales per building:
AV E
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
Prospect Park
Average unit sales per 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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
MARKET WIDE
1 Family
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
1.412M
1.143M
1.786M
1.533M
-56% 3.225M
-65% 3.225M
0% 1.787M
-9% 1.690M
Q3 2012 Change Q3 2011
1.412M
1.143M
1.786M
1.533M
0%
-19%
28%
16%
1.405M
1.408M
1.396M
1.325M
The Corcoran Report
Page 9
3rd Quarter 2012
Market Wide Fort Greene Clinton Hill Prospect Heights
CO-OPS
A rise in the number of one bedroom sales in Fort Greene and Clinton Hill lowered the median price of condo residences to just under $500K, a 10% drop from last quarter and last year. Condo price per foot dropped 3% from last year and 4% from last quarter, although the submarket average price still remains over $500 per square foot where it has been for two straight quarters. The co-op market received a solid 13% boost in median sale price from last quarter and last year.
FLUSHING AVE
RD AVE
BEDFO
CONDOS
Q3 2012 Change Q2 2012 Q3 2012 Change Q3 2011
Q3 2012 Change Q2 2012
Median Price
Average Price per SF
467K
425K
528
-4% 488K
13% 375K
1% 525
467K
425K
528
-3%
13%
2%
481K
375K
520
Average Sale Price
Median Price
Average Price per SF
583K
496K
522
-10% 649K
-10% 550K
-4% 541
583K
496K
522
-1%
-10%
-3%
591K
549K
539
VE HA
US
B AT
FL
Q3 2012 Change Q3 2011
Average Sale Price
ATLA N GTO WASHIN
TIC A VE
Number of unit sales per building:
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
N AVE
EAS TER
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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
N PK WY
1 Family
MARKET WIDE
Average unit sales per square foot (SF):
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
1.537M
1.575M
1.562M
1.450M
-42% 2.653M
-41% 2.653M
-6% 1.655M
-4% 1.513M
Q3 2012 Change Q3 2011
1.537M
1.575M
1.562M
1.450M
220%
N/A
36%
42%
480K
N/A
1.152M
1.025M
The Corcoran Report
Page 10
3rd Quarter 2012
Market Wide Carroll Gardens Boerum Hill Red Hook
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
664K
645K
691
-9% 726K
9% 590K
-1% 701
Q3 2012 Change Q3 2011
664K
645K
691
-6%
-2%
-2%
703K
660K
703
ATL A
Governors Island
LT ON
ST
VE HA
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
CONDOS
Go wa nu s
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
927K
861K
725
25% 742K
32% 655K
7% 680
Q3 2012 Change Q3 2011
927K
861K
725
20%
21%
8%
772K
710K
673
1 Family
MARKET WIDE
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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
ST
Ca na l
DE GR AW
4T
HA VE
RAW ST
Average unit sales per square foot (SF):
Number of unit sales per building:
US
COU RT ST
FU
B AT
DEG
IC A VE
FL
BQE
NT
HO YT
ST
Up
pe
rB ay
CO-OPS
The median sale price in the Carroll Gardens/Boerum Hill condo market leaped 32% from last quarter, and 21% from last year. This jump to a median price of $860K was primarily due to three bedroom sales, although all bedroom types had price increases. Median sale price in co-op market fared better than last quarter, but decreased 2% from the same time last year.
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
1.585M
1.585M
1.770M
1.628M
-31% 2.294M
-31% 2.300M
-13% 2.042M
-12% 1.851M
Q3 2012 Change Q3 2011
1.585M
1.585M
1.770M
1.628M
-46%
-46%
-9%
-20%
2.955M
2.955M
1.952M
2.033M
The Corcoran Report
Page 11
3rd Quarter 2012
Market Wide Bedford–Stuyvesant Crown Heights Lefferts Gardens Bushwick Co-op average price in Third Quarter 2012 was $255,000, a high number for the Bed-Stuy, Crown Heights, Bushwick area, and an increase of 14% from last year. The condo market had an 11% increase in average price from Third Quarter 2011 and a 5% from last quarter, an impact attributed to numerous sales of two and three bedroom residences.
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
250K
255K
244
24% 201K
28% 199K
7% 229
Q3 2012 Change Q3 2011
250K
255K
244
14%
41%
3%
220K
181K
237
RE SS
AVE HING FLUS
CO-OPS
Queens
CY P
AV E W YC KO F
F
AV E
BEDFO RD AV
Number of unit sales per building:
E
Cemetery of the Evergreens
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
ATLA N
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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
N
TO WASHING AVE
TIC A VE
Average unit sales per square foot (SF):
E AV
NOSTRAND AVE
CONDOS
E
W NE
RK YO
EMPIRE BLVD
E
PARKSIDE AV
Average Sale Price
Median Price
Q3 2012 Change Q2 2012
405K
379K
413
5% 385K
3% 368K
-4% 431
Q3 2012 Change Q3 2011
405K
379K
413
11%
15%
-14%
365K
330K
481
MARKET WIDE
1 Family
Average Price per SF
2-4 Family
Average Price
Median
Average Price
Median
Q3 2012 Change Q2 2012
765K
765K
663K
610K
-13% 883K
-17% 925K
4% 636K
2% 599K
Q3 2012 Change Q3 2011
765K
765K
663K
610K
-35%
-35%
-3%
-9%
1.178M
1.178M
684K
670K
The Corcoran Report
Page 12
3rd Quarter 2012
Market Wide Kensington Windsor Terrace Ditmas Park Flatbush Prospect Park South
CO-OPS
EC T
T EC
PR OS P
Prospect Park
P OS PR
PA RK
W
Although condo average price per square foot remains steady, decreases in two bedroom median prices influenced the overall price decline in the Kensington/Ditmas Park condo market from both last quarter and last year. Co-op average price per foot however, increased 9% from last quarter and 11% from last year. Median and average price in the co-op market was up from last quarter, but down from last year.
R PA
E
K
PARKSIDE AV
SW
VE EA
ID KS
Q3 2012 Change Q2 2012 Q3 2012 Change Q3 2011
Median Price
Average Price per SF
332K
325K
367
16% 287K
29% 252K
9% 337
332K
325K
367
-16%
-8%
11%
394K
355K
330
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
468K
436K
460
-15% 551K
-26% 587K
2% 453
Q3 2012 Change Q3 2011
468K
436K
460
-14%
-24%
0%
546K
578K
459
L MCDONA
D AVE
E NOSTRAND AV
CONDOS
Greenwood Cemetery
R PA
Average Sale Price
Number of unit sales per building:
D AVE
E AV
ISLAN CONEY
ER
ST FO
E AVENU
I
MARKET WIDE
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 SF Below $500 SF No SF Available
Interactive map online at PropertyShark.com/maps
1 Family Average Price
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
Average unit sales per square foot (SF):
2-4 Family Median
Average Price
Median
Q3 2012 Change Q2 2012
N/A
N/A
888K
873K
N/A 1.127M
N/A 1.021M
69% 525K
N/A N/A
Q3 2012 Change Q3 2011
N/A
N/A
888K
873K
N/A
N/A
8%
6%
1.120M
1.210M
825K
825K
The Corcoran Report
Page 13
3rd Quarter 2012
Market Wide East Flatbush Marine Park Mill Basin Bergen Beach Gerritsen Beach Greenwood Sunset Park Borough Park Mapleton Midwood Bay Ridge Dyker Heights Bensonhurst Bath Beach Gravesend Sheepshead Bay Sea Gate Coney Island Brighton Beach Manhattan Beach
Compared to last quarter, condo median and average sales prices were relatively flat, but average and median sale prices saw a reduction of 3% and 10% respectively from last year. In addition, co-op price metrics displayed either flat or slight decreases from both last year and last quarter.
Average unit sales per square foot (SF):
VE KA
EW
39 T
Upper Bay
H
EMPIRE BLVD
ST
R YO
EN
Number of unit sales per building:
NOSTRAND AVE
Gateway National Recreation Area
Median Price
213K
190K
301
-4% 223K
-6% 203K
-1% 304
213K
190K
301
1%
-4%
N/A
212K
199K
N/A
Average Sale Price
Median Price
Average Price per SF
Q3 2012 Change Q2 2012
400K
377K
366
0% 401K
2% 370K
-4% 383
Q3 2012 Change Q3 2011
400K
377K
366
-3%
-10%
0%
412K
420K
365
Q3 2012 Change Q2 2012 Q3 2012 Change Q3 2011
CONDOS
Gravesend Bay
Lower Bay
Interactive map online at PropertyShark.com/maps
MARKET WIDE
1 Family Average Price
Above 20 Units 10 to 20 Units 3 to 9 Units 1 to 2 Units
Average Sale Price
I
CO-OPS
LD AVE
MCDONA
AVENUE
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 SF Below $500 SF No SF Available
Average Price per SF
2-4 Family Median
Average Price
Median
Q3 2012 Change Q2 2012
861K
N/A
723K
579K
-29% 1.219M
N/A 1.355M
13% 641K
4% 559K
Q3 2012 Change Q3 2011
861K
N/A
723K
579K
30%
N/A
4%
1%
660K
N/A
692K
575K