| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Borough Park | $585,020 | -16.4% | $700,000 | $700,000 | $499,500 | Brooklyn | $530,000 | -8.6% | $518,000 | $580,000 | $415,000 |
The median sales price for homes in Borough Park for Aug 09 to Oct 09 was $585,020. This represents a decline of 16.4%, or $114,980, compared to the prior quarter and a decrease of 16.4% compared to the prior year. Sales prices have appreciated 17.1% over the last 5 years in Borough Park, Brooklyn.
The median sales price of $585,020 for Borough Park is 10.38% higher than the median sales price for Brooklyn NY. Average listing price for homes on Trulia in Borough Park was $798,137 for the week ending Nov 18, which represents a decline of 7.8%, or $67,079 compared to the prior week and a decline of 1.4%, or $10,933, compared to the week ending Oct 28. Average price per square foot for homes in Borough Park was $258 in the most recent quarter, which is 15.13% lower than the average price per square foot for homes in Brooklyn.
| Neighborhood | Week ending Nov 18 | w-o-w | Week ending Nov 11 | Week ending Nov 4 | Week ending Oct 28 |
|---|---|---|---|---|---|
| Borough Park | $798,137 | -7.8% | $865,216 | $861,414 | $809,070 | Brooklyn | $601,300 | -2.6% | $617,465 | $637,777 | $638,198 |
| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Borough Park | $258 | -6.5% | $267 | $276 | $229 | Brooklyn | $304 | -11.4% | $295 | $343 | $239 |
| Neighborhoods | Week ending Nov 18 |
w-o-w | Week ending Nov 11 |
Week ending Nov 4 |
|---|---|---|---|---|
| Bedford - Stuyvesant | 1 | — | 1 | 1 |
| Park Slope | 2 | — | 2 | 2 |
| Sheepshead Bay | 3 | — | 3 | 3 |
| Williamsburg | 4 | +1 | 5 | 5 |
| East Flatbush | 5 | +1 | 6 | 6 |
| Greenpoint | 6 | +1 | 7 | 7 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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