First Quarter 2015 Brooklyn Market Report

By
Real Estate Agent with Compass

I am delighted to share with you  Q1 Brooklyn Report.  Inside you will find a detailed analysis of residential real estate sales that closed in Brooklyn in Q1 2015 (January 1stthrough March 31st).

 

Key Findings of the First Quarter Report:

·         Swift sales. Properties in Brooklyn are averaging only 64 days on the market. Busy open houses and multiple offers – frequently all-cash – were the norm. The number of signed contracts was up 19% over Q1 2014.

·         Significantly higher prices. Strong demand and persistently low inventory continued to fuel price gains. The median price for an apartment is up 25% over the prior year. The average price per square foot rose 25% to $783.

·         More inventory, more choices.  For the third consecutive quarter, the available inventory in Brooklyn rose year-over-year thanks primarily to a 34% increase in the number of condominiums entering the Brooklyn market.

 

Brooklyn Report

 

Brooklyn Report

 

Brooklyn Report

 

Brooklyn Report 1Q 2015

 

Brooklyn Report

 

Full Brooklyn 1Q-2015 Market Report

 

Please do not hesitate to reach out if you have any questions about The Corcoran Report or the Brooklyn market in general. I welcome the opportunity to be of assistance to you.

 

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©Mitchell Hall 2006-2019

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission. 

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          Call Mitchell Hall @ 917-312-0924
          Email: mh@MitchellHall.com
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

hello Mitchell J Hall  nice brooklyn-market-report

Apr 09, 2015 11:39 AM #1
Rainmaker
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Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Great Job on the market report.  Keep up the good work!

May 04, 2015 03:13 PM #2
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Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn
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