The median sales price for homes in Brooklyn Heights, Brooklyn for Jul 09 to Sep 09 was $1,382,500 based on 6 sales. Compared to the same period one year ago, the median sales price decreased 50.2%, or $1,392,500, and the number of sales increased 20%. Average price per square foot for Brooklyn Heights was $838, a decrease of 15.9% compared to the same period last year.

There are currently 138 resale and new homes in Brooklyn on Trulia, including 24 open houses. The average listing price for homes for sale in Brooklyn Heights was $792,253 for the week ending Oct 21, which represents a decrease of 3.2%, or $26,437, compared to the prior week.

Hi Linda,

It depends where you get your information. Trulia has a page indicating the price trends and values in Brooklyn Heights, and the link is here:

http://www.trulia.com/real_estate/Brooklyn_Heights-Brooklyn/5048/

On Zillow, prices in zip code 11201 home values are up 9.9% from last year, but down 2.5% from last month. There could even be individual variances between blocks. Trulia is an excellent place to start a search for co-ops, because the search tool is easy and you can put your price range, and location.

Things quiet down a bit in the summer, and I agree with Cree that in August people are on vacation so there are less buyers out there looking, and better opportunities for you! If you need an agent David and I would be happy to assist you.

Our firm, Coldwell Banker Mid Plaza, currently has a one BR co-op in an excellent building and great location in Brooklyn Heights which we would be happy to show you. The asking price is in your range, and we can check other availabilities as well. Please give us a call at 917-593-4068 and we can speak further.

Good luck!

Bonnie Chernin & David Rogoff
Coldwell Banker Mid Plaza Real Estate
3041 Avenue U
Brooklyn, NY 11229
E-mail: david@BestHomesInBrooklyn.com
Cell: 917-593-4068

Hello, Brooklyn Heights is a high demand area for buyers, which is good if you're considering this neighborhood. If you would like to speak with me or my partner please feel free to call us so we can help you directly.

Please check out my real estate blog!

Rhonda Holt
Full Time Top Sales Agent
Specializing In Co-ops and Home Sales
Weichert Realtors, H.P Greenfield
Brooklyn, New York
Cell: 646-725-5941
My Site: http://www.KandHhomes.com
Email: HelpMeRhonda1919@Yahoo.com
*JOIN ME ON TWITTER.COM AT: http://www.twitter.com/helpmerhonda09

We represent clients in Brooklyn and Woodstock, NY! http://www.themachreegroup.com

Hi Linda,

Properties have gone down in the Brooklyn Heights area, but condos have held their own and not suffered the same downturn as coops have.

You can definitely find a unit in your price range. I disagree with Mitchell and suggest you look for that buyer's agent that is knowledgable and can trust to guide you in the right direction.

NYS Department of Licensing requires all agents and brokers disclose their agency (ie who they represent) and when you go to a listing agent, they represent the seller and his/her best interest...not yours. In fact, I ended up representing a buyer as a buyer's agent after he went to a listing agent who failed to disclose some key problems with the unit and building. Furthermore, the listing agent tried to guide the buyer in a direction that did not serve the buyer, but rather the listing agent and his client, the seller.

As for agents/brokers who pocket listings, it's an unfortunate practice by non-realtors in NYC that is starting to change, albeit slowly. In those cases where the listing agent refuses to show our clients a property, we approach the seller on behalf of our client.

As for summer...August tends to be the slower summer month as many buyers are on vacation and ramp up their buying efforts in Sept-Nov. Keep your focus on the property you want to live in and find the buyer's agent who will guide you through the process, and you will be successful regardless of the time of year.

Enjoy the NYC warmth!
Cree Quaker http://www.themachreegroup.com
917.691.9788
cree@themachreegroup.com

Dear Linda:

The market in Brooklyn Heights has gone down somewhat during the past year, maybe like 5%. However, desirable properties have held their value and right now the market has picked up a great deal as there are many incentives out there for buyers.

As an example, if you are a first time buyer and you close on a property that will be your primary residence before December 1, 2009, you will get a check for $8,000.00 from the IRS. There are some limitations on this based on your income, visit the IRS web site at http://www.IRS.gov to find out more about that.

I would suggest you work with as many agents as possible to help you find a good place. Many agents do not share their listings in the area (especailly the hot ones) so this would give you the best shot at seeing everything on the market. Look at as many properties as possible as quickly as possible to get a feel for property values in the area. This will train you to recognize a good deal when you see one.

Summer is a good time for buyers because statistically there is less competition among buyers. This would work in your favor.

I have two real estate offices in Brooklyn, if I can be of any assistance, please let me know. Thanks and good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Phone: (718) 645-1665
Email: MitchellSFeldman@aol.com