Dumbo Real Estate Market: November 2006 Edition
November 7th, 2006
Rooftop, Sweeney Building with views of J Condo, Beacon Tower, and 70 Washington
Two months ago, I looked at four realtors with exclusive listings in the Dumbo Brooklyn area. In my un-scientific number-gathering, here’s what I found for the four real estate firms:
For Sept 2006, adding up the 57 condos on the market:
- the average asking price is $1,116,541, while
- median price is an even $1,000,000 and
- average price per square feet is $801.95.
Two months later, for the sake of consistency, I’ve added up the condos on the market for the four real estate firms.
As of 11/6/06, there are 61 condos on the market:
- the average asking price is $1,158,829 (+3.79% since the 2 months), while
- median price is $1,075,680 (+7.57%) and
- average price per square feet is $851.14 (+6.13%).
The above numbers don’t include Sotheby’s Realty since I didn’t include them in my previous market update. I include the numbers from Sotheby’s Realty below. Here’s what’s on the market in Dumbo, Brooklyn as of November 6, 2006:
- Douglas Elliman has 8 listings. The average asking price is $1,437,571 while the average price per square feet is $789.73.
- Corcoran has 47 listings (many of them J Condo or Beacon Tower). The average asking price is $1,029,945 while the average price per square feet is $813.44.
- Halstead has 4 listings. The average asking price is $1,288,750 while the average price per square feet is $960.62.
- Brown Harris Stevens has 2 listings. The average asking price is $1,537,500 while the average price per square feet is $900.29.
- Sotheby’s Realty has 7 listings. The average asking price is $1,528,983 excluding the $8.6 million listing of the Clocktower penthouse (which would skew the average).
This is obviously not reflective of the sale price or market value, but meant as a comparison of what’s on the market two months ago vs today. Any brokers out there see increases in sale prices?
{Will Dumbo Real Estate Continue to Rise in 2006?, DumboNYC.com, 9/11/06}
{Dumbo Market is Still Blazing (For Now), Curbed.com, 9/12/06}
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janis wokowski
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HY
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Steven
- DumboNYC in NY Times 1/21/07
- Dumbo Condo Real Estate Market: April 2007 Edition
- Aug 2007 Edition: Lowest Dumbo Apartment on the Market
- See GL’s Best and Worst of Brooklyn in 2006
- Will Dumbo Real Estate Continue to Rise in 2006?
- Brooklyn Real Estate Held Its Own in 2006
- Dumbo Top Ten in 2006
- More Single Women Purchasing Brooklyn Condos
- 30 Main Street, 7C Sold. Will Dumbo Real Estate ‘Hold Up’?
- Lowest Priced Dumbo Condo (and Other Tidbits)
