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SPRING CREEK A quarterly analysis of residential sales in Spring Creek, Brooklyn 4th Quarter 2016

P: 718-715-1758 www.PropertyShark.com [email protected]

Residential Market Report, 4th Quarter 2016

Residential Market Report, 4th Quarter 2016 Spring Creek, Brooklyn

SUMMARY MEDIAN SALE PRICE

NO. OF TRANSACTIONS

MEDIAN PRICE/SQ.FT.

BROOKLYN MEDIAN SALE PRICE

$310K

3

$359

$649K

24% YoY

-57% YoY

28% YoY

13% YoY

NEIGHBORHOOD BOUNDARIES

P: 718-715-1758 www.PropertyShark.com [email protected]

RESIDENTIAL STATS Median Sale Price by Quarter $450K $400K $350K $300K $250K $200K $150K $100K $50K $

$310K

Median Sale Price by Year $350K $278K

$300K $250K $200K

$150K $100K $50K $

Number of Transactions Quarter Q1 Q2 Q3 Q4

2011 29 14 8 5

18 16 14 12 10 8 6 4 2 0

2012 11 16 12 7

2013 6 44 51 21

2014 13 3 14 17

2015 6 9 10 7

2016 4 3 7 3

7 4

Q1

3

3

Q2 2014

Q3 2015

Q4

2016

P: 718-715-1758 www.PropertyShark.com [email protected]

Median Sale Price per Square Foot $400 $350 $300 $250 $200 $150 $100 $50 $

$359

RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $310,000 Coops Houses -

Y-o-Y 11% -

Median sale price/sqft $359 -

Y-o-Y -4% -

Transactions 3 0 0

Number of Sales by Building Type

Condos Coops Houses

100%

P: 718-715-1758 www.PropertyShark.com [email protected]

LIST OF TRANSACTIONS Address 12427 Flatlands Avenue #16BB 12421 Flatlands Avenue #6E 380 Cozine Avenue #5B

BBL 3-04423-1490 3-04423-1436 3-04423-1115

Sale date 29-Dec-16 14-Oct-16 22-Dec-16

Sale price $320,250 $310,000 $240,000

Property type Condo Condo Condo

P: 718-715-1758 www.PropertyShark.com [email protected]

Sqft 1,054 864 643