BROOKLYN RESIDENTIAL

MARKET REPORTFIRST QUARTER2016

Townhouse prices were 5% higher than 1Q15

Apartment prices averaged 5% more than a year ago

The median apartment price rose

10% to $573,000

Data HighlightsCover Property: halstead.com WEB# 13272622

halstead.com WEB# 14499252

halstead.com WEB# 14366197

Halstead Property 3

CONDOMINIUM

COOPERATIVES & CONDOMINIUMS

COOPERATIVE

Average & Median Sales Price

Average Price Per Room Average Price Per Square Foot

Average Sales Price Median Sales Price

$800,000

$700,000

$600,000

$500,000

$400,000

$200,000

$300,000

$140,000

$130,000

$120,000

$110,000

$100,000

$80,000

$90,000

$850

$825

$800

$775

$750

$700

$725

$113,873 $132,875 $801 $796

1st Q15 1st Q16 1st Q15 1st Q16

The average price rose 5% and median price 10% from 1Q15

Co-op prices per room averaged 17% more than a year ago

$669,952 $573,000

1st Q16

$685,888 $557,375

4th Q15

$726,133 $570,000

3rd Q15

$682,172 $556,591

2nd Q15

$638,049 $520,000

1st Q15

* Includes new development and resale apartments.1Q16 data is preliminary and subject to revision in future reports. Data from the prior four quarters has been revised to include sales recorded after our initial reports were released.

All BrooklynCOOPERATIVES & CONDOMINIUMS*

AVERAGE PRICE PER SQUARE FOOT

AVERAGE & MEDIAN SALES PRICE

Average Sales Price Median Sales Price

$1,000,000

$900,000

$800,000

$700,000

$600,000

$400,000

$500,000

$450

$425

$400

$375

$350

$300

$325

$397

3rd Q15

$405

4th Q15

Both the average and median price were higher than a year ago

The average price per square foot rose

16% to $444

$985,176 $829,400

1st Q16

$947,371 $746,000

3rd Q15

$939,299 $750,000

4th Q15

$952,140 $745,000

2nd Q15

$935,508 $750,000

1st Q15

$444

1st Q16

$384

1st Q15

$392

2nd Q15

All Brooklyn1-4 FAMILY HOUSES

Halstead Property 4

BROWNSTONEBoerum Hill

Brooklyn Heights

Carroll Gardens

Clinton Hill

Cobble Hill

Columbia Street Waterfront District

Ditmas Park

Downtown Brooklyn

Dumbo

Fort Greene

Gowanus

Greenwood Heights

Park Slope

Prospect Heights

Prospect Park South

Prospect-Lefferts Gardens

Red Hook

South Slope

Vinegar Hill

Windsor Terrace

CENTRALBedford Stuyvesant

Bushwick

Crown Heights

Stuyvesant Heights

Brownsville

East New York

NORTHEast Williamsburg

Greenpoint

Williamsburg North Side

Williamsburg South Side

SOUTHBath Beach

Bay Ridge

Bensonhurst

Bergen Beach

Borough Park

Brighton Beach

Canarsie

Coney Island

Dyker Heights

East Flatbush

Flatbush

Flatlands

Gerritsen Beach

Gravesend

Kensington

Manhattan Beach

Marine Park

Midwood

Mill Basin

Seagate

Sheepshead Bay

Sunset Park

B

S

C

Npage 8

page 10

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page 12

Brooklyn Market Areas

CONDOMINIUM

COOPERATIVES & CONDOMINIUMS

COOPERATIVE

Average & Median Sales Price

Average Price Per Room Average Price Per Square Foot

Average Sales Price Median Sales Price

$1,050,000

$950,000

$850,000

$750,000

$650,000

$450,000

$550,000

$225,000

$200,000

$175,000

$150,000

$125,000

$75,000

$100,000

$2,000

$1,050

$1,000

$950

$900

$800

$850

$180,122 $205,138 $1,035 $992

$923,901 $795,000

1st Q16

$973,670 $830,000

4th Q15

$1,024,354 $849,000

3rd Q15

$922,727 $772,500

2nd Q15

$888,112 $764,000

1st Q15

1st Q15 1st Q16 1st Q15 1st Q16

Brownstone BrooklynCOOPERATIVES & CONDOMINIUMS

Halstead Property 6

Average Sales Price Median Sales Price

$2,500,000

$2,250,000

$2,000,000

$1,750,000

$1,500,000

$1,250,000

$950

$900

$850

$800

$750

$650

$700

$809

3rd Q15

$833

4th Q15

The median price of $2,122,500

was 18% higher than 1Q15

At $903, the average price per

square foot was up 20% from a year ago

$2,340,471 $2,122,500

1st Q16

$2,308,406 $2,037,500

3rd Q15

$2,263,544 $1,857,500

4th Q15

$2,417,178 $2,025,000

2nd Q15

$2,163,761 $1,800,000

1st Q15

$903

1st Q16

$750

1st Q15

$802

2nd Q15

$2,750,000

AVERAGE PRICE PER SQUARE FOOT

AVERAGE & MEDIAN SALES PRICE

Halstead Property 7

Brownstone Brooklyn1-4 FAMILY HOUSES

COOPERATIVES & CONDOMINIUMSAverage & Median Sales Price

Average Sales Price Median Sales Price

$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$500,000

$600,000

CONDOMINIUMAverage Price Per Square Foot

$1,000

$975

$950

$925

$900

$950

$975

$988 $977

1st Q15 1st Q16

Both the average and median apartment price were lower than a year ago

The average condo price per square foot fell slightly from

1Q15

$920,754 $820,000

1st Q16

$1,000,884 $900,000

4th Q15

$974,910 $802,500

3rd Q15

$1,093,784 $900,000

2nd Q15

$1,002,071 $865,000

1st Q15

Halstead Property 8

North BrooklynCOOPERATIVES & CONDOMINIUMS

Average Sales Price Median Sales Price

$2,250,000

$2,000,000

$1,750,000

$1,500,000

$1,250,000

$1,000,000

$900

$800

$700

$600

$500

$300

$400

$752

3rd Q15

$727

4th Q15

While the average price was lower, the median price was

2% higher than 1Q15

The average price per square foot

fell 4% to $747

$1,799,196 $1,681,250

1st Q16

$1,880,372 $1,725,000

3rd Q15

$1,857,434 $1,800,000

4th Q15

$2,007,218 $1,778,000

2nd Q15

$2,332,511 $1,655,000

1st Q15

$747

1st Q16

$782

1st Q15

$830

2nd Q15

$2,500,000

AVERAGE PRICE PER SQUARE FOOT

AVERAGE & MEDIAN SALES PRICE

Halstead Property 9

North Brooklyn1-4 FAMILY HOUSES

COOPERATIVES & CONDOMINIUMSAverage & Median Sales Price

Average Sales Price Median Sales Price

$700,000

$600,000

$500,000

$400,000

$300,000

$100,000

$200,000

CONDOMINIUMAverage Price Per Square Foot

$750

$700

$650

$600

$550

$450

$500

$632 $695

1st Q15 1st Q16

The average price for all apartments

fell 6% from last year to

$580,629

Condo prices per square foot were

10% higher than a year ago

$580,629 $520,000

1st Q16

$611,202 $565,000

4th Q15

$590,697 $560,000

3rd Q15

$586,815 $611,500

2nd Q15

$620,378 $560,000

1st Q15

Halstead Property 10

Central BrooklynCOOPERATIVES & CONDOMINIUMS

Average Sales Price Median Sales Price

$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$350

$325

$300

$275

$250

$200

$225

$295

3rd Q15

$297

4th Q15

Townhouse prices averaged

16% more than a year ago

The median price rose

17%

$836,002 $740,750

1st Q16

$755,274 $660,000

3rd Q15

$746,035 $635,000

4th Q15

$703,183 $635,000

2nd Q15

$721,952 $635,000

1st Q15

$345

1st Q16

$278

1st Q15

$280

2nd Q15

$850,000

AVERAGE PRICE PER SQUARE FOOT

AVERAGE & MEDIAN SALES PRICE

Central Brooklyn1-4 FAMILY HOUSES

Halstead Property 11

South BrooklynCOOPERATIVES & CONDOMINIUMS

CONDOMINIUM

COOPERATIVES & CONDOMINIUMS

COOPERATIVE

Average & Median Sales Price

Average Price Per Room Average Price Per Square Foot

Average Sales Price Median Sales Price

$400,000

$350,000

$300,000

$250,000

$200,000

$100,000

$150,000

$85,000

$80,000

$75,000

$70,000

$65,000

$55,000

$60,000

$525

$500

$475

$450

$400

$350

$375

$64,564 $82,548 $484 $501

1st Q15 1st Q16 1st Q15 1st Q16

Strong gains were posted over the past year in the both the average and median price

Co-op prices per room averaged

28% more than a year ago

$398,733 $350,000

1st Q16

$367,251 $315,000

4th Q15

$364,528 $320,000

3rd Q15

$362,662 $305,000

2nd Q15

$348,950 $280,000

1st Q15

Halstead Property 12

South Brooklyn1-4 FAMILY HOUSES

Average Sales Price Median Sales Price

$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$425

$400

$375

$350

$325

$275

$300

$374

3rd Q15

$393

4th Q15

Townhouses prices averaged

10% more than 1Q15

The median price of $785,000 was

11% higher than a year ago

$848,023 $785,000

1st Q16

$798,942 $700,000

3rd Q15

$830,341 $732,500

4th Q15

$777,979 $694,000

2nd Q15

$771,609 $707,000

1st Q15

$420

1st Q16

$360

1st Q15

$364

2nd Q15

$850,000

AVERAGE PRICE PER SQUARE FOOT

AVERAGE & MEDIAN SALES PRICE

Halstead Property 13

Prepared by Gregory Heym,

Chief Economist,

Halstead Property, LLC.

©2016 by Halstead Property, LLC. All Rights Reserved. This information may not be copied, commercially

used or distributed without Halstead Property’s prior consent.

While information is believed true, no guaranty is made of accuracy.

Visit halstead.com for access to all of our reports, listings, neighborhood information and more.

OFFICES

MANHATTANPARK AVENUE499 Park AvenueNew York, NY 10022212.734.0010

EAST SIDE770 Lexington AvenueNew York, NY 10065212.317.7800

WEST SIDE408 Columbus AvenueNew York, NY 10024212.769.3000

VILLAGE831 BroadwayNew York, NY 10003212.253.9300

SOHO451 West BroadwayNew York, NY 10012212.253.9300

HARLEM2169 Frederick Douglass BoulevardNew York, NY 10026212.381.2570

WASHINGTON HEIGHTS819 West 187th StreetNew York, NY 10033212.928.3805

RIVERDALERIVERDALE JOHNSON3531 Johnson AvenueRiverdale, NY 10463718.878.1700

RIVERDALE MOSHOLU5626 Mosholu AvenueRiverdale, NY 10471718.549.4116

BROOKLYNBROOKLYN HEIGHTS150 Montague StreetBrooklyn, NY 11201718.613.2000

BOERUM HILL495 Atlantic AvenueBrooklyn, NY 11217718.613.2090

PARK SLOPE76 Seventh AvenueBrooklyn, NY 11217718.399.2222

PARK SLOPE244 Fifth AvenueBrooklyn, NY 11215718.622.9300

COBBLE HILL162 Court StreetBrooklyn, NY 11201718.613.2020

BEDFORD STUYVESANT316 Stuyvesant AvenueBrooklyn, NY 11233718.613.2800

HUDSON VALLEYHUDSON526 Warren StreetHudson, NY 12534518.828.0181

NEW JERSEYHOBOKEN200 Washington StreetHoboken, NJ 07030201.478.6700

MONTCLAIR635 Valley Road, Montclair, NJ 07030973.744.6033

CONNECTICUTDARIEN671 Boston Post RoadDarien, CT 06820203.655.1418

NEW CANAAN - ELM STREET183 Elm StreetNew Canaan, CT 06840203.966.7800

NEW CANAAN - SOUTH AVENUE6 South AvenueNew Canaan, CT 06840203,966.7772

ROWAYTON140 Rowayton AvenueRowayton, CT 06853203.655.1418

GREENWICH125 Mason StreetGreenwich, CT 06830203.869.8100

STAMFORD1099 High Ridge RoadStamford, CT 06905203.329.8801

WESTPORT379 Post Road EastWestport, CT 06880203.221.0666

WILTON21 River RoadWilton, CT 06897203.762.8118

QUEENSLONG ISLAND CITY47-12 Vernon BoulevardQueens, NY 1110718.878.1800

HAMPTONSEAST HAMPTON2 Newtown LaneEast Hampton, NY 11937 631.324.6100

SOUTHAMPTON31 Main StreetSouthampton, NY 11968631.283.2883

CORPORATECOMMERCIAL SALES770 Lexington AvenueNew York, NY 10065212.381.3208

DEVELOPMENT MARKETING445 Park AvenueNew York, NY 10022212.253.9300

GLOBAL SERVICES770 Lexington AvenueNew York, NY 10065800.765.2692 x6521