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Elliman Report: Brooklyn Sales 3Q 2011

…The price indicators, including median sales price, average sales price, and median sales price for both new development and re-sales, all posted year-over-year gains. The median sales price of a Brooklyn residential property was $510,000, 5% above $485,504 in the prior year quarter and 6.3% above $480,000 in the prior quarter. Average sales price showed a similar pattern, rising 4.1% to $607,867 from $583,790 in the prior year quarter and increasing 5.8% from $574,387 in the prior quarter. The yearover- year gains in median sales price for new development sales and re-sales were 7.8% and 6.2% respectively…

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