Northwest Brooklyn SUBMARKET OVERVIEW
% Δ
% Δ
Condos
Q4 '23
Q3 '23
Q4 '22
236
231
2.2%
291
-18.9%
# SALES
$535,194,096 $401,016,438 33.5% $513,947,491 4.1%
SALES VOLUME
3%
3%
-
2%
-
AVG. DISCOUNT
CONDO
CO-OP
HOUSE
$1,650,000
$1,540,000 7.1% $1,500,000 10.0%
MEDIAN PRICE
$2,267,772
$1,736,002 30.6% $1,766,143 28.4%
AVERAGE PRICE
AVERAGE PPSF
$1,517
$1,381
9.8%
$1,378
10.1%
19%
AVERAGE SF
1,425
1,267
12.5%
1,289
10.6%
Q4 2023 Market Share
50%
% Δ
% Δ
Co-ops
Q4 '23
Q3 '23
Q4 '22
149
232
-35.8%
182
-18.1%
# SALES
31%
$157,131,760 $223,511,027 -29.7% $167,883,404 -6.4%
SALES VOLUME
1%
-1%
-
1%
-
AVG. DISCOUNT
$830,000
$805,000
3.1%
$750,000 10.7%
MEDIAN PRICE
AVERAGE PRICE
$1,054,576
$963,410
9.5%
$922,436 14.3%
INVENTORY
CONTRACTS
SALES
% Δ
% Δ
Houses
Q4 '23
Q3 '23
Q4 '22
91
106
-14.2%
108
-15.7%
# SALES
1,000 1,200 1,400
$262,073,585 $331,136,414 -20.9% $338,837,545 -22.7%
SALES VOLUME
8%
5%
-
5%
-
AVG. DISCOUNT
0 200 400 600 800
$2,500,000
$2,870,000 -12.9% $2,803,500 -10.8%
MEDIAN PRICE
$2,879,930
$3,123,928 -7.8% $3,137,385 -8.2%
AVERAGE PRICE
AVERAGE PPSF
$1,080
$1,102
-2.0%
$1,007
7.2%
AVERAGE SF
2,781
2,922
-4.8%
3,084
-9.8%
Q4 '20
Q4 '21
Q4 '22
Q4 '23
13
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