Year End Report: North and Northwest Brooklyn Sale Prices up 32 Percent


    The average sale price of all kinds of homes in North and Northwest Brooklyn rose 32 percent in 2014, compared to the year before, to $1,282,000, according to a report out today from Ideal Properties. The median sale price increased 12.4 percent to $950,000 in the year.

    On a per square foot basis, a more reliable indicator of price fluctuations, average price rose 24.4 percent to $919. The median price per square foot rose 18.3 percent to $910.

    Townhouses in particular soared in price, with the average sale price rising 46.5 percent to $2,649,000. Co-ops were up 30.7 percent to $744,257, and condos rose 27.9 percent to $1,120,000, the report said.

    More than half, or 54 percent of all homes sold above asking; 33 percent sold below, and 13 percent sold at ask.

    Neighborhoods surveyed included Williamsburg, the Navy Yard and Greenpoint, Boerum Hill, Brooklyn Heights, Carroll, Gardens, Clinton Hill, Cobble Hill, Park Slope, Prospect Heights, Windsor Terrace, the Columbia Waterfront District, Dumbo, Fort Greene, Gowanus, Red Hook, Vinegar Hill and parts of Downtown.

    These areas of Brooklyn accounted for 31 percent of all sales in the borough, said the report. East Brooklyn made up 17 percent of sales, and southern Brooklyn accounted for the bulk, or 52 percent.

    The report will be available later today on the company’s website.

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