South Brooklyn SUBMARKET OVERVIEW
% Δ
% Δ
Condos
Q4 '23
Q3 '23
Q4 '22
172
199
-13.6%
236
-27.1%
# SALES
$120,066,193 $138,713,698 -13.4% $161,570,967 -25.7%
SALES VOLUME
6%
6%
-
3%
-
AVG. DISCOUNT
CONDO
CO-OP
HOUSE
$669,499
$650,000
3.0%
$636,406
5.2%
MEDIAN PRICE
$698,059
$697,054
0.1%
$684,623
2.0%
AVERAGE PRICE
AVERAGE PPSF
$718
$757
-5.2%
$797
-9.9%
18%
AVERAGE SF
1,291
918
40.6%
876
47.4%
Q4 2023 Market Share
% Δ
% Δ
Co-ops
Q4 '23
Q3 '23
Q4 '22
56%
26%
247
248
-0.4%
301
-17.9%
# SALES
$90,277,621 $96,632,789 -6.6% $115,721,901 -22.0%
SALES VOLUME
6%
5%
-
6%
-
AVG. DISCOUNT
$331,006
$346,000 -4.3% $345,000
-4.1%
MEDIAN PRICE
AVERAGE PRICE
$365,496
$389,648 -6.2% $384,458
-4.9%
INVENTORY
CONTRACTS
SALES
% Δ
% Δ
Houses
Q4 '23
Q3 '23
Q4 '22
533
570
-6.5%
592
-10.0%
# SALES
1,000 1,500 2,000 2,500
$609,683,314 $662,927,633 -8.0% $661,187,429 -7.8%
SALES VOLUME
8%
8%
-
9%
-
AVG. DISCOUNT
$995,000
$990,000 0.5% $999,000
-0.4%
MEDIAN PRICE
$1,143,871
$1,163,031 -1.6% $1,116,871 2.4%
AVERAGE PRICE
0 500
AVERAGE PPSF
$539
$541
-0.4%
$518
4.1%
AVERAGE SF
2,265
2,265
-
2,292
-1.2%
Q4 '20
Q4 '21
Q4 '22
Q4 '23
15
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