Real Estate Market Update for Brooklyn, NY

Video: Real Estate Community Tour for Brooklyn, NY

See Real estate community tour for Brooklyn, NY Featuring a culturally diverse population of 2.5 million people, Brooklyn, NY is the most populous borough in New York City. If you want to find a new home in an area friendly to varied lifestyles, you will discover a stunning array of rich possibilities in Brooklyn, NY. Many residents of Brooklyn actually work outside the area, so commuters enjoy easy public transit access, whether riding the extensive subway system, taking the bus or even cycling or walking. Brooklyn offers a treasure trove of exciting entertainment and enriching activities. This dynamic borough is alive with plenty of arts, leisure, dining, and recreation options. Brooklynites can venture out for treks to Coney Island, a view of 585 acres of green splendor in Prospect Park, or a stroll across the Brooklyn Bridge. Explore unique neighborhoods, including the hip and trendy Williamsburg, the highly desirable Park Slope, or family-friendly Bay Ridge, to name just a few. Put on your virtual walking shoes to tour the many attractive homes available throughout the Brooklyn, NY area on Century21.com
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 30% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 420-thousand dollars. The number of units sold decreased 62% year-over-year, and decreased 67% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Featuring a culturally diverse population of 2.5 million people, Brooklyn, NY is the most populous borough in New York City. If you want to find a new home in an area friendly to varied lifestyles, you will discover a stunning array of rich possibilities in Brooklyn, NY. Many residents of Brooklyn actually work outside the area, so commuters enjoy easy public transit access, whether riding the extensive subway system, taking the bus or even cycling or walking. Brooklyn offers a treasure trove of exciting entertainment and enriching activities. This dynamic borough is alive with plenty of arts, leisure, dining, and recreation options. Brooklynites can venture out for treks to Coney Island, a view of 585 acres of green splendor in Prospect Park, or a stroll across the Brooklyn Bridge. Explore unique neighborhoods, including the hip and trendy Williamsburg, the highly desirable Park Slope, or family-friendly Bay Ridge, to name just a few. Put on your virtual walking shoes to tour the many attractive homes available throughout the Brooklyn, NY area on Century21.com
Show Transcript
Map Information for Brooklyn, NY
Area Information for Brooklyn, NY
  • Population: 2,605,119
  • Median Age: 35.91 yr
  • Median Commute Time: 42 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 36,801/sq mi
  • Population Change Since 2000: 5.67%
  • Closest Airport: Laguardia
  • Closest College: State University Ny-hlt Ctr Brooklyn
  • Closest Jr. College: Gamla College
  • Median Household Income: $50,321
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $630,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 56.47%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Brooklyn, NY
Median Age: 35.91 Married: 32% Number of Households: 956,068 Households with Children: 279,056
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Brooklyn, NY

      School Name Distance Type Grades School Rating Parent Rating
      Ps 399 Stanley Eugene Clarke 0.3 mi Public K-5 1 5
      High School For Service And Learning At Erasmus 0.4 mi Public 9-12 1 3
      Academy Of Hospitality And Tourism 0.4 mi Public 9-12 0 3
      High School For Youth And Community Development 0.4 mi Public 9-12 1 4
      Brooklyn Institute For Liberal Arts 0.7 mi Public 9-9 0 4
      School For Human Rights 0.7 mi Public 6-12 1 4
      High School For Public Service-heroes Of Tomorrow 0.7 mi Public 9-12 3 4
      Achievement First Crown Heights Charter School 1.1 mi Public K-12 2 0
      International Christian School 1.1 mi Private PRESCHOOL-12 0 0
      International High School At Prospect Heights 1.4 mi Public 9-12 1 4
      Brooklyn College Academy 1.5 mi Public 9-12 4 4
      Kurt Hahn Expeditionary Learning School 1.6 mi Public 9-12 1 4
      Cultural Academy For The Arts And Sciences 1.6 mi Public - 1 3
      Yeshiva & Mesivta Torah Temimah 1.6 mi Private PRESCHOOL-12 0 0
      Ps 189 Lincoln Terrace 1.6 mi Public K-8 4 0
      Masores Bais Yaakov 1.7 mi Private PRESCHOOL-12 0 0
      St Saviour High School 1.7 mi Catholic 9-12 0 1
      Kings Collegiate Charter School 1.7 mi Public 5-8 4 5
      Brownsville Academy High School 1.8 mi Public 10-12 0 5
      Pathways Technology Early College High School 1.8 mi Public 9-12 0 4
      Bishop Ford Central Catholic High School 1.8 mi Catholic 9-12 0 3
      Millennium Brooklyn High School 1.9 mi Public 9-10 0 3
      Berkeley Carroll School 2.0 mi Private PRESCHOOL-12 0 0
      Boys And Girls High School 2.1 mi Public 9-12 1 3
      Ps 192 Magnet School For Math And Science Inquiry 2.2 mi Public PRESCHOOL-8 3 4
      Bnos Yaakov 2.2 mi Private 9-12 0 0
      J.h.s 51 William Alexander School 2.2 mi Public 6-8 5 5
      Midrash L'man Achai 2.2 mi Private 10-12 0 0
      Victory Collegiate High School 2.2 mi Public 9-12 1 3
      Brooklyn Generation School 2.2 mi Public 9-12 1 3
      Edward R Murrow High School 2.2 mi Public 9-12 2 3
      West Brooklyn Community High School 2.2 mi Public 10-12 2 4
      Achievement First Endeavor Charter School 2.3 mi Public 5-8 3 0
      Bedford Academy High School 2.3 mi Public 9-12 5 4
      Frederick Douglas Academy Vii High School 2.3 mi Public 9-12 0 3
      Brooklyn Academy High School 2.3 mi Public UNGRADE-UNGRADE 1 4
      Knowledge And Power Prep Academy V 2.4 mi Public 6-8 1 4
      Gotham Professional Arts Academy 2.5 mi Public 9-12 0 4
      Brooklyn Collegiate A College Board School 2.5 mi Public 9-12 1 4
      Bishop Loughlin Memorial High School 2.6 mi Catholic 9-12 0 3
      Eagle Academy For Young Men Ii 2.6 mi Public 6-10 1 4
      Urban Dove Charter School 2.6 mi Public 9-12 0 4
      Bedford Stuyvesant Collegiate Charter School 2.7 mi Public 5-8 3 0
      Brooklyn Prospect Charter School 2.8 mi Public 6-9 4 3
      Olympus Academy 2.8 mi Public 9-12 0 0
      Bishop Kearney High School 2.8 mi Catholic 9-12 0 4
      Brooklyn Technical High School 2.9 mi Public 9-12 5 3
      James Madison High School 2.9 mi Public 9-12 2 3
      Urban Action Academy 2.9 mi Public 9-12 0 0
      Cobble Hill School Of American Studies 3.1 mi Public 9-12 0 3
      The Science And Medicine Middle School 3.2 mi Public 6-8 2 0
      Performing Arts And Technology High School 3.2 mi Public 9-12 0 3
      Ebc High School For Public Service-bushwick 3.2 mi Public 9-12 1 4
      Prospect Park Bnos Leah High School 3.2 mi Private 9-12 0 0
      Brooklyn Secondary School For Collaborative Studie 3.3 mi Public 6-12 2 3
      St. Joseph High School 3.3 mi Catholic 9-12 0 3
      W H Maxwell Career And Technical Education High School 3.3 mi Public 9-12 1 4
      J.h.s. 234 Arthur W Cunningham Middle School 3.3 mi Public 6-8 5 0
      Community Roots Charter School 3.3 mi Public K-5 4 0
      Brooklyn Friends School 3.4 mi Private PRESCHOOL-12 0 0
      George Westinghouse Career & Technical Ed High School 3.5 mi Public 9-12 0 3
      Nefesh Academy 3.5 mi Private 6-12 0 0
      St Edmund Preparatory High School 3.5 mi Catholic 9-12 0 0
      J.h.s 71 Juan Morel Campos 3.5 mi Public 6-12 0 0
      Packer Collegiate Institute 3.5 mi Private PRESCHOOL-12 0 0
      Urban Assembly School For Law And Justice 3.5 mi Public 9-12 2 4
      Brooklyn International High School At Waters Edge 3.6 mi Public 9-12 0 0
      Ps 151 Lyndon B Johnson 3.7 mi Public PRESCHOOL-5 0 5
      Young Women's Leadership School Of Brooklyn 3.7 mi Public 6-12 2 4
      All City Leadership Secondary School 3.8 mi Public 6-12 4 4
      High School Of Telecommunications Arts And Technol 3.9 mi Public 9-12 1 4
      Jhs 201 The Dyker Heights 3.9 mi Public 6-8 5 5
      Is 30 Mary White Ovington 4.0 mi Public 6-8 4 3
      Lyons Community School 4.0 mi Public 6-12 0 3
      Brooklyn Latin School 4.0 mi Public 9-12 5 4
      Sheepshead Bay High School 4.1 mi Public 9-12 0 3
      Academy For Young Writers 4.1 mi Public 9-12 1 3
      Bay Ridge Prep 4.1 mi Private 9-12 0 0
      High School Of Enterprise Business And Technology 4.2 mi Public 9-12 1 4
      Progress High School For Professional Careers 4.2 mi Public 9-12 1 4
      Ps 254 Dag Hammarskjold 4.2 mi Public PRESCHOOL-5 5 5
      Kingsborough Early College School 4.4 mi Public 6-12 3 4
      Expeditionary Learning School For Community Leader 4.4 mi Public 9-12 1 0
      International High School At Lafayette 4.4 mi Public 9-12 0 4
      Brooklyn Preparatory High School 4.4 mi Public 9-12 1 4
      Is 281 Joseph B Cavallaro 4.5 mi Public 6-8 4 4
      Xaverian High School 4.5 mi Catholic 6-12 0 4
      Bay Ridge Preparatory School 4.5 mi Private K-12 0 0
      John Dewey High School 4.6 mi Public 9-12 1 3
      Poly Prep Country Day School 4.7 mi Private 5-12 0 0
      William E Grady Career And Technical Education High School 4.8 mi Public 9-12 0 4
      Frances Perkins Academy 4.9 mi Public 9-12 1 0
      Automotive High School 4.9 mi Public 9-12 0 4
      Fort Hamilton High School 5.0 mi Public 9-12 2 4
      Leon M Goldstein High School For The Sciences 5.0 mi Public 9-12 4 4
      Brooklyn Lab School 5.1 mi Public 9-12 0 4
      Cypress Hills Collegiate Preparatory School 5.1 mi Public 9-12 0 4
      Fontbonne Hall Academy 5.2 mi Catholic 9-12 0 5
      Liberation Diploma Plus 5.5 mi Public 9-12 0 0
      High School Of Sports Management 5.5 mi Public 9-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Brooklyn, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.