Brooklyn Market Report | Fourth Quarter 2015

Real Estate Agent with The Corcoran Group

I am delighted to share with you our Q4 Brooklyn Report.  Inside you will find a detailed analysis of residential real estate sales that closed in Brooklyn in Q4 2015 (October 1st through December 31st).


Key Findings of the Fourth Quarter Report:


  • Fifth consecutive quarter of price growth.  The median sale price in Brooklyn rose 9% versus the year before and now stands at $545,000.  Both the average and the median price per square foot exceeded $800 for the second consecutive quarter.


  • More sales again. The pace of closings increased by 6% year-over-year, making Q4 2015 the most active Fourth Quarter for sales in eight years.Inventory growth. Developers responded heavily to the demand for new homes in Brooklyn; new condominium listings increased by 20% in the borough, lifting the overall inventory incrementally by 3%.


Brooklyn Neighborhood Reports:



Brooklyn Heights, DUMBO, Downtown, Cobble Hill


Brooklyn Heights



Fort Greene, Clinton Hill, Prospect heights


Bed Stuvesant


South Brooklyn


 Download Full Brooklyn Q4 2015 Market Report


I will continue tracking the residential market closely throughout 2016, and would welcome the opportunity to answer any questions you may have about the market report or the market generally. 


I welcome the opportunity to be of assistance to you.



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
New York Kings County Brooklyn
Urban Core - Returning to our Downtowns
Posts to Localism
Local Expert
Market Reports
Real Estate Trends
park slope
cobble hill
fort greene
carol gardens

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Very good looking report, Mitchell. As someone who grew up in NYC when most people were trying to get out of Brooklyn and not into it, these numbers boggle my mind!

Jan 14, 2016 05:24 AM #1
Mitchell J Hall
The Corcoran Group - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

As Carrie Bradshaw said back in the 90's on Sex in the City Brooklyn is the new Manhattan. Now it's on Fire. Just got a new listing in Williamsburg. I  had one open house Sunday, multiple offers, accepted offer above ask. It's the epicenter of the world for millennial's.

Jan 14, 2016 06:05 AM #2
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Mitchell J Hall  my very favorite show ..still watch the reruns --Great market report as always


Jan 14, 2016 12:22 PM #3
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Information. A valuable market report for buyers and sellers in your community!

Jan 19, 2016 01:32 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn
How Can I Help You ?
Spam prevention