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[Buying The Brooklyn Bridge] 3Q 2008 Brooklyn Market Overview Available For Download

The 3Q 2008 Brooklyn Market Overview [1] that I author for Prudential Douglas Elliman [2] was just released.

Look for lots of additional data and charts on the market in the coming weeks.

Other reports we prepare can be found here. [3]

Historical aggregate data [4] is online (which I will continue to expand) and a series of charts [5] will also be available soon.

An excerpt

…The overall average sales price of a Brooklyn residential property was $575,287 this quarter, down 4.7% from the $603,428 average sales price of the same period last year. Median sales price showed a similar pattern, slipping 5.6% to $510,000 this quarter from $540,000 in the prior year quarter. There was a 4.5% decline in the condo median sales price to $505,493 over the same period which is consistent with the overall market. Co-ops showed little change in median sales price borough-wide over the same period. The median sales price of a co-op was down 1.7% to $280,000. The median sales price of 1-3 Family properties declined 3.2% to $600,000, Luxury properties were consistent with the overall market sliding 3.4% to $1,210,000…