As of this week average days-on-market for houses in Sunset Park has fallen from almost 8 months to less than 6 months since the middle of November. at the same time, median asking price is moving above $760k. Taken together, these are good indicators of increased sales activity.
Ditmas Park straddles parts of three zipcodes, 11218, 11230 and 1126. As of this week asking prices for single family homes in the Western section of the neighborhood (11226) are sitting around 860k, where they have been forl the last month.
Inventory is creeping up, which will offer buyers a wider selection.
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The median asking price for single family homes in Carroll Gardens/Red Hook has been edging upward for the last six weeks, even as the time it takes to sell them moves slightly down. These movements can sometimes be affected by the population of homes on the market, but can often be suggestive of price trends. The fact that days-on-market are going down is a good sign for sellers, though.
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Compared to the medianprice of all current Park Slope coop listings, new coops on the market have a median price about $15k higher. This may indicate something about the proportion of multi bedroom apartments, or it may actually signal a hift in the downward trend that we have been seeing for quite some time in the center of gravity of coop prices in the Slope. Here is the data through last Sunday:
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Coops in Lefferts Gardens are experiencing a rise in median price in the last 90 days (using a 90 day rolling average) as inventory gets lower.
Median price per square foot for Bay Ridge condos is sitting just above $500/sq ft this week. It was around $535 at the beginning of October.
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