Market Overview for Quarter 1, 2023
Median Sale Price
-15.4% YoY
Median Price/Sqft
-9.7% YoY
No. of Transactions
-24.1% YoY
Brooklyn Median Sale Price
-5% YoY
What is the median sale price and median price per sq ft in Canarsie?
Top most expensive neighborhoods in Brooklyn
Canarsie median price compared with other neighborhoods in Brooklyn
Property values in Canarsie are lower compared to the borough of Canarsie overall.
Canarsie median price compared with all the neighborhoods in Brooklyn
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Red Hook | Brooklyn | $2,865,000 |
| DUMBO | Brooklyn | $1,798,696 |
| Carroll Gardens | Brooklyn | $1,633,371 |
| Gowanus | Brooklyn | $1,600,000 |
| Williamsburg | Brooklyn | $1,400,000 |
| Vinegar Hill | Brooklyn | $1,290,400 |
| Downtown Brooklyn | Brooklyn | $1,256,087 |
| Park Slope | Brooklyn | $1,207,500 |
| Columbia Street Waterfront District | Brooklyn | $1,114,828 |
| Brooklyn Heights | Brooklyn | $1,093,878 |
| Greenpoint | Brooklyn | $1,080,750 |
| Fiske Terrace | Brooklyn | $1,080,000 |
| Cobble Hill | Brooklyn | $1,055,000 |
| Greenwood Heights | Brooklyn | $1,049,000 |
| Prospect Heights | Brooklyn | $1,010,000 |
| Clinton Hill | Brooklyn | $975,000 |
| Boerum Hill | Brooklyn | $971,396 |
| Manhattan Beach | Brooklyn | $933,628 |
| Bergen Beach | Brooklyn | $924,197 |
| Borough Park | Brooklyn | $922,500 |
| Crown Heights | Brooklyn | $888,030 |
| Dyker Heights | Brooklyn | $876,500 |
| Mill Basin | Brooklyn | $865,000 |
| Bedford-Stuyvesant | Brooklyn | $842,500 |
| Madison | Brooklyn | $818,000 |
| Windsor Terrace | Brooklyn | $805,000 |
| Flatbush | Brooklyn | $800,000 |
| Marine Park | Brooklyn | $734,250 |
| Wingate | Brooklyn | $692,000 |
| Prospect Park South | Brooklyn | $675,000 |
| Prospect - Lefferts Gardens | Brooklyn | $675,000 |
| Bath Beach | Brooklyn | $665,000 |
| Bay Ridge | Brooklyn | $654,500 |
| Midwood | Brooklyn | $644,821 |
| Georgetown | Brooklyn | $640,380 |
| East Flatbush | Brooklyn | $638,600 |
| Bushwick | Brooklyn | $637,406 |
| Fort Greene | Brooklyn | $623,350 |
| Gravesend | Brooklyn | $619,500 |
| Bensonhurst | Brooklyn | $605,500 |
| Gerritsen Beach | Brooklyn | $567,500 |
| Ocean Hill | Brooklyn | $553,731 |
| Kensington | Brooklyn | $551,750 |
| Brownsville | Brooklyn | $541,667 |
| Canarsie | Brooklyn | $520,000 |
| Sea Gate | Brooklyn | $517,500 |
| Sunset Park | Brooklyn | $475,000 |
| Ditmas Park | Brooklyn | $457,500 |
| East New York | Brooklyn | $447,500 |
| Coney Island | Brooklyn | $429,000 |
| Flatlands | Brooklyn | $427,500 |
| Brighton Beach | Brooklyn | $420,000 |
| Homecrest | Brooklyn | $410,000 |
| Old Mill Basin | Brooklyn | $400,000 |
| Sheepshead Bay | Brooklyn | $340,000 |
Residential Properties Sold in Canarsie
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $394K | 21.4% | $450 | 14.6% | 8 |
| Coops | $180K | -10% | - | - | 1 |
| Houses | $680K | 5% | $505 | -10.7% | 13 |
The median house sale price in Canarsie in Quarter 1 was $680K, up 5% year-over-year. Condo prices in Canarsie trended similarly, with the median condo price up 21.4% year-over-year to $394K. Median coop sale price in Canarsie were $180K, a change of -10% year-over-year.
See also
Fair use and redistribution
We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.
Canarsie Neighborhood Guide
Canarsie was carved out of Flatlands, one of the five original towns the Dutch set up on Long Island in the 1600s. The name came from an English approximation of a Lenni Lenape Indian word for "fenced land" or "hedge" - a fortuitous choice since the former fishing village on Jamaica Bay gave way to the little fenced-in properties of lawns and flower gardens and driveways that make up today's neighborhood. In recent years Canarsie has received a strong migration from Caribbean nations settling in the waterfront community. The West Indian culture has branded the middle-class neighborhood with such island staples as cricket fields and Jamaican jerk pulled pork and chicken eateries.
Architecture and landmarks
There are still heritage structures visible in the Canarsie streetscape. On Flatlands Avenue is an 1820s-era residence constructed by Charles Vanderveer, a direct descendant of Dutch settler Cornelius Venderveer. The Canarsie Pier is a Depression-era project that replaced the Golden City Amusement Park that was rival to Coney Island in the early 1900s; its carousel was salvaged and sent east to Baldwin at 850 Sunrise Highway. One of Canarsie's oldest landmarks arrives on the stoop every Thursday - the Canarsie Courier has been published since 1921 and is the oldest weekly newspaper in Brooklyn.
Transport
The L Train begins its hour-long journey into Manhattan at Rockaway Parkway. Access to other Brooklyn subway lines (2, 3 and 5) will require a mastery of the MTA bus schedule - start with the B6, B17, B60, and B103; the BM2 offers an express ride into Manhattan, and you expect a journey of about an hour.
Schools
Five public elementary and two intermediate schools handle the education needs of Canarsie youth. Canarsie High School was overhauled at the beginning of this decade and transformed into a campus of three schools of targeted classrooms: the High School or Medical Professions, Innovation in Advertising and Media, and Urban Action Academy.
Health
Brookdale University Hospital and Medical Center just north of Canarsie is a regional tertiary care center. The emergency department operates 24/7 and is one of Brooklyn's largest; the Trauma Center is one of only 15 Level 1 facilities in the city. Brookdale also offer patients a variety of outpatient programs and long-term specialty care.
Safety
Canarsie is tucked into bed each night by the 69th Precinct, which reports 12.8196 crimes per 1,000 residents, placing the neighborhood in the top 20% for safety in New York City.
Things to do
Keeping your yard up ranks high on the to-do list in Canarsie. Shopping is a mix of brand name retailers and Caribbean-run small businesses along Rockaway Parkway, Flatlands Avenue and Remsen Avenue. Casual West Indian is most often the choice for dining out.
When it comes time to relax you can grab a fishing pole and drop a line off the Canarsie Pier. The recreation pier is maintained by federal dollars, part of the Jamaica Bay Unit of the Gateway National Recreation Area.
Canarsie Beach Park has a history that reaches back to the 1670s; today, history is made by tricksters on skateboards navigating a concrete skate plaza and a unique obstacle trail around the perimeter of the park. There are also baseball fields, soccer fields, basketball courts and that cricket field - the only one in New York City.