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Median Home Prices Jump 15 Percent in Carroll Gardens and Red Hook

By Nikhita Venugopal | January 15, 2016 9:31am | Updated on January 17, 2016 8:22pm
 Huntington Street in Carroll Gardens.
Huntington Street in Carroll Gardens.
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DNAinfo/Nikhita Venugopal

BROOKLYN — The median home price in Carroll Gardens, Boerum Hill and Red Hook jumped 15 percent to $1.132 million in the fourth quarter of 2015, according to a new real estate report.

The neighborhoods saw the largest median price growth in the borough when compared with the same quarter in 2014, according to The Corcoran Group.

The report shows that Brooklyn overall saw a 9 percent increase in median price, from $500,000 in the final quarter in 2014 to $545,000 in 2015.

► READ ALSO: Park Slope Median Home Price Up 10 Percent to $839K, Report Finds

► READ ALSO: Average Studio Rents Drop in Cobble Hill, Boerum Hill and Brooklyn Heights

Both condo and co-op prices for Carroll Gardens, Red Hook and Boerum Hill leaped in 2015's final quarter. 

Median co-op prices were recorded at $740,000 and condo prices saw a 14 percent jump to $1.25 million.

Single- and multi-family townhouses saw big gains as well.

The former is up 24 percent at $3.12 million. The latter was recorded at $3.45 million, up from $2.8 million since the final quarter of 2014.