Posted by Jonathan J. Miller -Thursday, July 14, 2011, 5:10 PM
You can build your own custom data tables with the new data. Charts will be added shortly.
Here’s an excerpt from the report:
…Over the past five quarters, Brooklyn price indicators have shown modest gains over the same period the last year. In the second quarter, median sales price was $480,000, 3.7% above $463,000 in the second quarter last year and 1.1% above $475,000 in the prior quarter. Average sales price showed the same pattern. The rise of each price indicator was largely attributable to the increase in the average size of a sale in the quarter. While new development sales averaged 1,030 square feet and was essentially unchanged over the past year, the average resale, representing 75.4% of all apartment sales, expanded 4.9% to 2,155 square feet over the same period…
Other reports we prepare can be found here.