PARK SLOPE — The median home price in Park Slope and Gowanus soared to $950,000 in the second quarter of 2016, breaking previous records, according to a Corcoran Group market report released Thursday.
Home sales in the area were up 11 percent compared to a year ago, according to Corcoran.
Overall median prices in Park Slope/Gowanus broke down this way according to apartment size: studios were $371,000; one-bedrooms were $528,000; two-bedrooms were $865,000; and three bedrooms and larger were $1.3 million.
Home prices varied quite a bit depending on the type of property, Corcoran's report noted.
While the median sale price for Park Slope/Gowanus co-ops fell 2 percent from a year ago to $760,000, the median price on condos surged 38 percent to $1.3 million.
Two-bedroom condos saw the biggest price jump, with a 10 percent increase from last year bringing the median price to $1.275 million.
The median price represents the market's midpoint; half of buyers pay more than that figure and half pay less.
In Brownstone Brooklyn as a whole, the median home price reached $1,136,000 in the second quarter of 2016, up 8.7 percent from the prior quarter, according to a separate report issued Tuesday by Ideal Properties Group.
"The second quarter of 2016 revealed that residential real estate prices continue to outperform 2015 numbers, which was a landmark year for Brooklyn already," said Aleksandra Scepanovic, managing director of Ideal Properties Group.
"We traditionally see the most interest in real estate in the summer months and expect that this trend holds true again this year. Townhouses, the apple of Brooklyn's eye, continue to be the strongest performing asset class and with demand surpassing supply, we predict record-breaking sales in the coming months."
Ideal considers Brownstone Brooklyn as Boerum Hill, Brooklyn Heights, Carroll, Gardens, Clinton Hill, Cobble Hill, Columbia Waterfront District, Downtown, DUMBO, Fort Greene, Gowanus, Park Slope, Prospect Heights, Red Hook, Vinegar Hill and Windsor Terrace.
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