Brooklyn’s Best-Selling Neighborhoods + Tips for A Smooth Selling Process
Jan 28, 2022 brooklyn neighborhoods,brooklyn real estate,Brooklyn Real Estate Agency,brooklyn real estate agents,brooklyn realty,Brooklyn Sellers Agent,selling in brooklyn
If you own a home in Brooklyn, 2022 is the year to sell. In fact, StreetEasy reports that 9 of NYC’s top 10 markets for home sales land within our community lines. With higher demand comes fewer days on the market as well as higher sales prices. We’ll look into this data along with a few tips to sell in today’s market in the post below:
The Numbers Behind 2022’s Hot Selling Market
The following median numbers are pulled directly from the StreetEasy report, with all nine neighborhoods belonging in Brooklyn’s boundaries. Sale to list ratio refers to the price sellers asked for compared to the amount they received, while closing price is the number the house sold for when all was said and done.
Cobble Hill:
- Sale to List Ratio of 99%
- Closing Price of $1,765,000
Park Slope:
- Sale to List Ratio of 100%
- Closing Price of $1,491,500
Prospect Heights:
- Sale to List Ratio of 100%
- Closing Price of $1,032,500
Downtown Brooklyn:
- Sale to List Ratio of 99%
- Closing Price of $995,000
Clinton Hill:
- Sale to List Ratio of 100%
- Closing Price of $900,000
Prospect Lefferts Gardens:
- Sale to List Ratio of 99%
- Closing Price of $909,500
Carroll Gardens:
- Sale to List Ratio of 99%
- Closing Price of $1,950,000
Bedford-Stuyvesant:
- Sale to List Ratio of 99%
- Closing Price of $1,125,000=
Crown Heights:
- Sale to List Ratio of 99%
- Closing Price of $995,000
Tips to Sell a Brooklyn Home in 2022:
In a seller’s market like this, listing your home and bringing in an offer has never been easier. However, there are still a few actions to take to make the process as smooth as possible.
- Stay Firm on Price — When you list in one of these top nine neighborhoods, there’s no reason to back down on the number you initially ask for. The data from the report above shows houses are selling at 99-100% of their asking value, in case you need factual proof to stick to your price. But make sure your number is realistic, otherwise your listing might fall flat.
- Expect Several Offers — The hot market is going to bring in tons of competition. If you receive an offer on the first day you list, it doesn’t mean you need to take it. Follow your agent’s advice on offer acceptance to make sure you earn that top-dollar profit.
- Hire a Hyper-localized Agent — When you bring on a professional who knows and loves Brooklyn, you’ll receive better marketing, pricing guidance, and all-around support. This is even more true when your neighborhood is one of the most sought-after in the city. Realty Collective is an awesome choice for a Brooklyn-centric team 😉
All in all, Brooklyn’s market is beaming this year, with nine neighborhoods leading all of New York City. If you’re looking to sell but don’t know where to start, check out our latest Selling in Brooklyn workshop or get in touch. We can help you get the ball rolling!