Canarsie Real Estate Market Trends

Market Overview for Quarter 3, 2021


Median Sale Price

$426K

25% YoY


Median Price/Sqft

$437

39% YoY


No. of Transactions

30

76% YoY

Brooklyn Median Sale Price

$825K

16% YoY

What is the median sale price and median price per sq ft in Canarsie?

As of Quarter 3, the median home sale price in Canarsie was $426K, up 25% year-over-year. A total of 30 properties traded, representing a 76% year-over-year increase. The median price per square foot in Quarter 3 was $437, a 39% YoY change. The median home sale price in Brooklyn was $825K.

Canarsie Neighborhood Map

There are numerous subway stations and half a dozen express buses running through Canarsie, and the main roadways Flatlands Avenue and Rockaway Parkway provide easy access to other spots in NYC. A wide variety of property types are available, including detached homes, small brick homes with garages, and housing developments near the L train stop.

Canarsie Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Canarsie

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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
DUMBO Brooklyn $1,900,000
Fiske Terrace Brooklyn $1,675,000
Carroll Gardens Brooklyn $1,550,000
Vinegar Hill Brooklyn $1,542,500
Cobble Hill Brooklyn $1,437,500
Park Slope Brooklyn $1,217,500
Boerum Hill Brooklyn $1,215,000
Brooklyn Heights Brooklyn $1,172,500
Columbia Street Waterfront District Brooklyn $1,152,400
Williamsburg Brooklyn $1,142,500
Greenpoint Brooklyn $1,090,000
Gowanus Brooklyn $1,087,500
Manhattan Beach Brooklyn $1,050,000
Red Hook Brooklyn $1,043,968
Fort Greene Brooklyn $950,000
Prospect Heights Brooklyn $945,000
Dyker Heights Brooklyn $944,000
Mill Basin Brooklyn $900,000
Bedford-Stuyvesant Brooklyn $880,000
Prospect - Lefferts Gardens Brooklyn $875,000
Clinton Hill Brooklyn $870,000
Borough Park Brooklyn $860,000
Greenwood Heights Brooklyn $850,000
Downtown Brooklyn Brooklyn $847,000
Madison Brooklyn $823,000
Windsor Terrace Brooklyn $820,000
Crown Heights Brooklyn $770,500
Bensonhurst Brooklyn $770,000
Bergen Beach Brooklyn $751,250
Prospect Park South Brooklyn $745,000
Midwood Brooklyn $735,000
Marine Park Brooklyn $680,000
Old Mill Basin Brooklyn $660,000
Sea Gate Brooklyn $645,000
Flatbush Brooklyn $640,000
Bath Beach Brooklyn $634,000
Kensington Brooklyn $620,000
Flatlands Brooklyn $610,000
East Flatbush Brooklyn $600,000
Ditmas Park Brooklyn $599,000
Georgetown Brooklyn $597,500
Bushwick Brooklyn $586,899
Bay Ridge Brooklyn $570,000
Brighton Beach Brooklyn $570,000
Gravesend Brooklyn $560,037
Homecrest Brooklyn $557,000
Wingate Brooklyn $555,000
East New York Brooklyn $545,000
Sheepshead Bay Brooklyn $519,000
Sunset Park Brooklyn $518,669
Brownsville Brooklyn $515,000
Gerritsen Beach Brooklyn $500,000
Coney Island Brooklyn $440,000
Canarsie Brooklyn $426,125
Ocean Hill Brooklyn $417,131

Residential Properties Sold in Canarsie

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $375K 33% $379 12% 14
Coops - - - - 0
Houses $570K 49% $529 74% 15

The median house sale price in Canarsie in Quarter 3 was $570K, up 49% year-over-year. Condo prices in Canarsie trended similarly, with the median condo price up 33% year-over-year to $375K. There was no statistically significant data for median coop price activity for the period of Quarter 3 in Canarsie.

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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.