| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Gerritsen Beach | $400,000 | -18.3% | $348,500 | $489,500 | $346,281 | Brooklyn | $530,000 | -8.6% | $518,000 | $580,000 | $415,000 |
The median sales price for homes in Gerritsen Beach for Aug 09 to Oct 09 was $400,000. This represents an increase of 14.8%, or $51,500, compared to the prior quarter and a decrease of 18.3% compared to the prior year. Sales prices have appreciated 15.5% over the last 5 years in Gerritsen Beach, Brooklyn.
The median sales price of $400,000 for Gerritsen Beach is 24.53% lower than the median sales price for Brooklyn NY. Average listing price for homes on Trulia in Gerritsen Beach was $333,663 for the week ending Nov 04, which represents an increase of 4.6%, or $14,643 compared to the prior week and an increase of 7.5%, or $23,329, compared to the week ending Oct 14. Average price per square foot for homes in Gerritsen Beach was $329 in the most recent quarter, which is 8.22% higher than the average price per square foot for homes in Brooklyn.
| Neighborhood | Week ending Nov 4 | w-o-w | Week ending Oct 28 | Week ending Oct 21 | Week ending Oct 14 |
|---|---|---|---|---|---|
| Gerritsen Beach | $333,663 | +4.6% | $319,020 | $308,935 | $310,334 | Brooklyn | $637,777 | -0.1% | $638,198 | $630,537 | $633,036 |
| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Gerritsen Beach | $329 | -11.8% | $294 | $373 | $263 | Brooklyn | $304 | -11.4% | $295 | $343 | $239 |
| Neighborhoods | Week ending Nov 4 |
w-o-w | Week ending Oct 28 |
Week ending Oct 21 |
|---|---|---|---|---|
| Bedford - Stuyvesant | 1 | — | 1 | 1 |
| Park Slope | 2 | — | 2 | 2 |
| Sheepshead Bay | 3 | — | 3 | 3 |
| Brooklyn Heights | 4 | +4 | 8 | 7 |
| Williamsburg | 5 | +1 | 6 | 5 |
| East Flatbush | 6 | -1 | 5 | 6 |
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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