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joe's Blog

By JOSEPH RUNFOLA JR, BROKER, GRI | Broker in Staten Island, NY

BROOKLYN REAL ESTATE OVERVIEW

Average price per square foot for Brooklyn NY was $303, a decrease of 7.1% compared to the same period last year. The median sales price for homes in Brooklyn NY for Sep 09 to Nov 09 was $520,000 based on 1,362 home sales. Compared to the same period one year ago, the median home sales price decreased 8%, or $45,000, and the number of home sales decreased 6.6%.

There are currently 8,901 resale and new homes in Brooklyn on Trulia, including 371 open houses, as well as 3,264 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Brooklyn NY was $622,002 for the week ending Jan 06, which represents a decrease of 0.2%, or $1,362, compared to the prior week. Popular neighborhoods in Brooklyn include Park Slope and Bedford - Stuyvesant, with average listing prices of $1,018,382 and $498,814.

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