WEEKLY REPORT September 14 – 20, 2020
September 14 – 20, 2020 All Properties Listed at $2.25MM and Above
NEW TO MARKET There were 22 new for-sale properties priced above $2.25MM this week. Average asking price is up 4% at $3.38MM; furthermore, the median asking price saw an increase of 11% to $3.05MM. Average PPSF is $1,212, which is down from last week by 16%. Total inventory has shrunk to $74.40MM. Of the 15 townhouse resales, top asking price of $7.995MM belongs to the single-family home at 72 Middagh Street in Brooklyn Heights. The second highest asking, $4.495MM, belongs to the threefamily home at 334 Degraw Street in Carroll Gardens. Average asking continues to rise, now by 6% WoW to $3.57MM. Following PPSF’s drastic increase last week, it stabilized at $1,133 this week. There was only one condo resale newly listed this week. The 3-bedroom, penthouse unit at 50 Bayard Street, #PH3 (also known as Ikon) in Williamsburg is asking for $3.10MM, or $1,292PSF. Compared with the prior week, this is 17% lower on a price per square foot basis. Of the three sponsor units, top asking price of $3.50MM belongs to a penthouse unit at 285 Grand Street, #PHA in Williamsburg. Average asking is $3.08MM, which is just 1% below the prior week. PPSF is down by 11% to $1,583. Of the three co-ops, the top asking price of $3.55MM belongs to the 4-bedroom home at 90 8th Avenue, #10A in Park Slope. This week’s average asking is 3% higher than the prior week at $2.83MM. However, average PPSF is 25% lower at $1,210PSF.
22
Listings
$3,382,000
Average Asking Price
$3,047,500
Median Asking Price
$1,212
Average PPSF
$74,404,000 Total Volume
September 14 – 20, 2020 New To Market Properties Listed at $2.25MM and Above
TOWNHOUSES
Resale
Sponsor
15
–
Average Asking Price
$3,570,600
–
Median Asking Price
$3,250,000
–
$1,133
–
Total Volume
$53,559,000
– –
CONDOS
Resale
Sponsor
1
3
Average Asking Price
$3,100,000
$3,081,667
Median Asking Price
$3,100,000
$2,950,000
$1,293
$1,583
$3,100,000
$9,245,000
Resale
Sponsor
3
–
Average Asking Price
$2,833,333
–
Median Asking Price
$2,700,000
–
$1,210
–
$8,500,000
–
Listings
Average PPSF
Listings
Average PPSF Total Volume
CO-OPS Listings
Average PPSF Total Volume
September 14 – 20, 2020 All Properties Listed at $2.25MM and Above
IN CONTRACT Six properties entered contract this week at $2.25MM and above, all of which are townhouse resales. Compared with the prior week’s market statistics, this week’s average asking price is continuing its upward trend, rising 10% to $3.73MM. Median asking is similarly up on the week to $3.88MM. With that said, average PPSF is $1,030, which is down by 9% weekover-week. Average discount on ask is 6.10%. Average days on market for these properties is 134 days. Of these townhouse resales, the top asking price of $4.795MM belongs to four-family home at 430 Henry Street in Cobble Hill, which entered contract after 51 days on market. The second highest asking of $4.60MM belongs to the three-family home at 315 Adelphi Street in Fort Greene. Compared with the prior week’s townhouse resales, this week’s average asking price is down by 1% to $3.88MM. Average days on market is 134, which is a month longer than the average duration last week’s cohort were on market for. More information on these deals is shown on page 6 of this report.
6
Deals
$3,732,333
Average Asking Price
$3,875,000
Median Asking Price
$1,030
Average PPSF
-6.10%
Average Discount
134
Average Days On Market
$22,394,000 Total Volume
π September 14 – 20, 2020 In Contract Properties Listed at $2.25MM and Above
TOWNHOUSES
Resale
Sponsor
6
–
Average Asking Price
$3,732,333
–
Median Asking Price
$3,875,000
–
$1,030
–
$22,394,000
–
134
–
Resale
Sponsor
Deals
–
–
Average Asking Price
–
–
Median Asking Price
–
–
Average PPSF
–
–
Total Volume
–
–
Average Days on Market
–
–
Resale
Sponsor
Deals
–
–
Average Asking Price
–
–
Median Asking Price
–
–
Average PPSF
–
–
Total Volume
–
–
Average Days on Market
–
–
Deals
Average PPSF Total Volume Average Days on Market
CONDOS
CO-OPS
NOTABLE PROPERTIES New To Market Properties Listed at $2.25MM and Above
72 Middagh Street
334 Degraw Street
7A 2nd Street
BROOKLYN HEIGHTS
CARROLL GARDENS
CARROLL GARDENS
Townhouse
Townhouse
Townhouse
4bd,3.5ba – 5,500 sq ft
7bd,4ba – 3,800 sq ft
5bd,3.5ba – 2,800 sq ft
$7,995,000 / $1,454 psf
$4,495,000 / $1,182 psf
$4,395,000 / $1,526 psf
I n Contract Properties Listed at $2.25MM and Above
430 Henry Street
315 Adelphi Street
209 Dean Street
COBBLE HILL
FORT GREENE
BOERUM HILL
Townhouse
Townhouse
Townhouse
10bd,5.5ba – 3,024 sq ft
5bd,3.5ba – 4,000 sq ft
5bd,4ba – 3,780 sq ft
$4,795,000 / $1,586 psf
$4,600,000 / $1,150 psf
$4,000,000 / $1,058 psf