Brooklyn and Queens are now part of my monthly market update which looks at current median price per square foot on a neighborhood to neighborhood basis. This month prices range from $279 psf in Brownsville, Brooklyn, to $2,491 psf in NoLIta.
Downtown prices per square foot are led by NoLIta, SoHo, and TriBeCa and are currently lowest in Little Italy.
Flatiron ppsf is leading the Midtown pack by a large margin while Kips Bay and Sutton Place trail the others, also by a large margin.
Lincoln Square ppsf is the highest among Upper West Side neighborhoods.
Uptown pricing is highest this month in West Harlem & Manhattanville and remains lowest in Inwood.
Yorkville has the highest Upper East Side ppsf while Lenox Hill currently has the lowest.
Northwest Brooklyn ppsf is led by DUMBO at $1,339 psf and has the lowest psf prices in Windsor Terrace, currently at $719 psf.
There is less than a $20 psf difference between current prices in Greenpoint and Williamsburg.
I’ve broken up “South” Brooklyn into South, Southeast, and Southwest; in South Brooklyn prices are led by Prospect Park South and are lowest in the Flatbush neighborhood.
Southwest Brooklyn prices are currently highest in Sunset Park and lowest in Sea Gate.
Southeast Brooklyn prices are highest in Manhattan Beach and lowest in Canarsie.
The Queens real estate market is dominated by Long Island City and Astoria, though the ppsf between them is wide at $1,176 and $532 respectively.
Q3 saw 32% of sales achieve asking price or above while 68% sold below asking price. This is compared to 33% at or above asking price in Q2 of this year, and 35% at or above asking price in Q3 of 2016.
Median prices by borough range from $410K in Staten Island to $1,195,000 in Manhattan.
If you would like data specific to your borough, neighborhood, or building, please let me know.