Brooklyn Monthly Market Report | January 2015

Real Estate Agent

Brooklyn Monthly Market Report | January 2015

Brooklyn started the year out strong with year-over-year increases in all three price metrics. Average and median sales prices increased by double digits, 21% and 19%, respectively, while the average price per square foot increased 4% year-over-year.


Average price per square foot of all bedroom types increased year-over-year, with two and three plus bedrooms increasing by 19% and 15%, respectively.


The increase in two bedroom price per square foot is attributed to several sales at The Boerum, while studio data was skewed again due to limited sales that took place only in new developments.


Brooklyn had a 32% increase in contracts signed versus January 2014. In January, 68% of buyers paid at or above asking price.

Brooklyn market report Jan 2015Brooklyn market report | Jan 2015

Please contact me with your questions about the January 2015 Market Report and the current real estate market. I look forward to speaking with you.




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Comments (5)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing the market report. Have a good day.

Feb 13, 2015 08:13 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Looks like Brooklyn is the place to be (or should I say buy) if you're not buying in Manhattan.

Feb 13, 2015 08:16 PM
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Roger , I have a new listing coming soon in Williamsburg. Brooklyn is on fire. I can't beleive I still live in Manhattan. 

It's not 2008 anymore:

Carrie Bradshaw: New York Magazine says Brooklyn is the new Manhattan. 
Miranda Hobbes: Yes, but whoever wrote that lives in Brooklyn. 

Feb 13, 2015 08:28 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Having grown up in NYC at a time when people were trying to get out of Brooklyn, when I see numbers like this I'm completely gobsmacked!

Feb 13, 2015 11:20 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think I should have bought investment property in Brooklyn a long time ago, Mitchell.

Feb 13, 2015 11:54 PM