Real Estate Market Report

Bath Beach Real Estate

Bath Beach Real Estate - The Neighborhood A community in New York City's Brooklyn borough, Bath Beach is located on the southwestern border of Brooklyn on Gravesend Bay. The Bath Beach neighborhood borders New Utrecht and Bensonhurst across 86th Street, Gravesend across Stillwell Ave., and Dyker Beach Park and Golf Course across 14th Ave. The community offers a walkway along the waterfront with views across the bay of Coney Island. Bath Beach is a diverse ethnic community that contains many small mom-and-pop businesses mixed with larger chain stores. The community…

Carroll Gardens Real Estate

A Cozy Neighborhood in Transcendence In Downtown Brooklyn, in the bustling BoCoCa neighborhood, quiet and comfortable Carroll Gardens separates itself as one of Brooklyn's best kept secrets. Unlike the other BoCoCa (Boerum Hill/Cobble Hill/Carroll Gardens) neighborhoods, Carroll Gardens takes full advantage of its slower pace of life. Then again, nothing is ever too slow in the city. A Vibrant and Friendly Community Not only does Carroll Gardens look like a quaint suburban space, but the feel goes to match. Carroll Gardens is a lively community of friendly neighbors offering residents…

November Market Report

Market Report for Brooklyn Real Estate (November 2016)

In November, the average rental price in Brooklyn decreased from $3,139 to $2,993 (4.7 percent drop). Therefore, over the course of a month, prices decreased $146. The median rental price was $2,780. The average rental price per square foot was $44.55. From October to November, the average rental price per square foot dropped 2.4 percent. There were over 1,047 new leases in November. For the past few months, the most significant change in prices for Brooklyn studios was in Crown Heights. This trend has continued into November. In October, studio prices in Crown Heights increased by…

Brooklyn Real Estate Market Report

Brooklyn Real Estate Market Report – November 2016

November Brooklyn Real Estate Market Report The market appears to be looking good for those wanting to buy real estate in Brooklyn. It's time to challenge long-held perceptions about the feasibility of owning a home in Brooklyn. While anticipated rent increases over the next twelve months are more negligible in most of Brooklyn compared to Manhattan, it is worth considering whether or not buying a home makes sense in your situation. A major financial consideration in calculating is how long you are planning on living in the same home. If…

Brooklyn Real Estate Market Report – October 2016

October Brooklyn Market Remains Robust The Brooklyn Real Estate Market has been so hot it is difficult to keep track of all the changes and October was no different. The Brooklyn Real Estate Market Report indicates October was a good month for tenants. Due to a flood of new inventory hitting the market, landlords were forced to offer more concessions and lower rents. Brooklyn median rentals declined for the first time in 2016, transactions with landlords offering concessions doubled and inventory increased by close to 30%. However, it is important…

Brooklyn Real Estate Market Report – August 2016

Brooklyn Real Estate Market Report - August 2016 The August Market Report for the city of Brooklyn comes in the midst of many changes that are taking place in the Brooklyn real estate market. During the first half of the summer of 2016, buyers in Brooklyn were dealing with an extremely competitive market; the prices for homes in the area were higher than usual, there was less inventory, and very few homes were being sold under the original asking prices. North Brooklyn was experiencing an increased amount of inventory, while…

Brooklyn Real Estate Market Report July 2016

Brooklyn Real Estate Market Report July 2016 Prices of homes in Brooklyn continued with the upward trend in April. The median resale price in Brooklyn grew by 7.3 percent to hit $549,995. The East Brooklyn submarket led by 24.9 percent while South Brooklyn also, registered a double digit growth of 11.6 percent. Growth in all other submarkets in Brooklyn was below 10 percent. Here is a look at the Brooklyn real estate market report for July 2016. The median resale price for properties in top end markets peaked in October…