July Median Resale Price for Northwest Brooklyn Homes Up 3.1% Over Last Year

NORTHWEST BROOKLYN — This July, the median resale price for homes in Northwest Brooklyn stood at $852,785, a 3.1 percent increase over the same value in July 2015.

The finding comes from a new study by real estate company StreetEasy.

According to StreetEasy, the following neighborhoods make up Northwest Brooklyn: Boerum Hill, Brooklyn Heights, Carroll Gardens, Clinton Hill, Cobble Hill, Columbia Waterfront, Downtown Brooklyn, Dumbo, Fort Greene, Gowanus and Red Hook.

The study also found that the median Northwest Brooklyn home seller received 100 percent of what they asked for their property.

Additionally, the median asking rent in Northwest Brooklyn for properties of any size stood at $3,100 in July, up 3.3 percent from July of last year. (A note: that number was based only on properties listed on StreetEasy.)

Here's a more specific breakdown of median July rental asking prices in Northwest Brooklyn neighborhoods, compared to July 2015 (further detail is available in the study itself):

• Boerum Hill: $3,298, up 14.8 percent
• Brooklyn Heights: $3,100, down 1.7 percent
• Carroll Gardens: $3,200, up 4.9 percent
• Clinton Hill: $2,750, up 1.9 percent
• Cobble Hill: $3,218, down 0.4 percent
• Columbia Waterfront: $3,500, up 35.9 percent
• Downtown Brooklyn: $3,190, down 0.5 percent
• Dumbo: $4,973, up 20.7 percent
• Fort Greene: $3,000, up 3.4 percent
• Gowanus: $2,800, down 6.7 percent
• Red Hook: $3,200, up 33 percent

According to the study, Brooklyn's overall median resale price was $563,416 in July, an increase of 4.7 percent over July 2015, and the smallest year-over-year percentage increase since the difference measured between October 2012 and October 2011.

StreetEasy projected that by next July, median resale prices for the borough would be up another 3.9 percent, to $585,398.

Image via American Advisers Group