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Park Slope Real Estate Market Broke Home Price Record in 2015. Luxury Market Was Booming

Park Slope Residential Market Highlights (2015)

  • The median home sale price continued to climb in 2015 to a record value of $930,000, up by 10% from 2014;
  • The number of sales was at its second-lowest in the last decade: 478 sales;
  • The luxury market in Park Slope was booming, with 91 properties over $1.5 million changing hands in 2015;
  • Park Slope ranked #32 in the top 50 list of most expensive NYC neighborhoods and #7 in the list of most expensive Brooklyn neighborhoods;
  • The most expensive property sold in 2015 was a single-family, detached home located at 17 Prospect Park W. It sold for $12.4 million and it was the second most expensive home sold in Brooklyn.
  • Park slope map

An average home in Park Slope Cost $930,000 in 2015, an all-time-high

If you were looking to buy a home in Park Slope, you probably know that the area doesn’t come as cheap. In 2015, the A-class neighborhood asked potential home buyers to shed a median of $930,000 for a home*, which was 10% more than in 2014. In exchange, buyers got to call home Brooklyn’s 7th most expensive neighborhood.

Take a look at how the Park Slope real estate market did in the past decade:

Park Slope trend 1

Park Slope trend

* We took into account only single-family, condo and coop sales (number of sales was adjusted). The sales data for 2015 is based on all transactions closed in the neighborhood between Jan. 1 and Dec.15, 2015.

The number of luxury sales in Park Slope up by 50%

A total of 91 homes over $1.5 million changed hands in Park Slope in 2015, the highest in 5 years and almost 20% of the total number of sales closed in the neighborhood. This was a jump of 50% compared to the number seen in 2014 (61 luxury sales)

Here are the top 5 most expensive homes sold in Park Slope in 2015:

878 Carroll Street, Brooklyn
878 Carroll Street, Brooklyn

#5. 878 Carroll Street, Brooklyn

Sale price: $3,954,000

 

 

 

 

 

 

857 Carroll Street, Brooklyn
857 Carroll Street, Brooklyn

#4. 857 Carroll Street, Brooklyn

Sale price: $4,050,000

 

 

 

 

 

 

 

513 4 Street, Brooklyn
513 4 Street, Brooklyn

 

#3. 513 4 Street, Brooklyn

Sale price: $4,060,000

 

 

 

 

 

250 Garfield Place, Brooklyn
250 Garfield Place, Brooklyn

#2. 250 Garfield Place, Brooklyn

Sale price: $7,665,000

 

 

 

 

 

 

17 Prospect Park W, Brooklyn
17 Prospect Park W, Brooklyn

#1. 17 Prospect Park W, Brooklyn

Sale price: $12,400,000

 

Methodology:

* 2015 sales data is based on residential properties sold between  January 1, 2015 and December 15, 2015

* For the luxury segment we looked at all sales over $1.5 million closed between January 1, 2011 and December 15, 2015

* The building classes counted are single family homes, condo and coop units

* The total number of properties sold in 2015 was adjusted.

 

 

Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.

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