Another Third Quarter Market Report


Douglas Elliman wasn't the only brokerage firm to put out a third quarter market report for Brooklyn yesterday, they were just the only ones to get it to us ahead of time. Not to worry: There's nothing earth-shattering in the Corcoran report that finally landed in our inbox mid-morning yesterday, but it does paint a slightly rosier picture: Median apartment prices rose 8% from $575,000 to $623,000 and price per square foot increased 6% from $627 to $665, according to the Big C's calculations. Interestingly, after hitting a two year low in the first quarter, the number of condo and co-op sales trended up for the second quarter in a row. Depending on whether you look at average or median prices, 1-4 family houses were either up a little or down a little. You can view the one-page report here.

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