#condominiums

#condominiums

Brooklyn home prices hovered near record levels in the fourth quarter, with median and average sale prices ticking up modestly to reach the third highest on record. At the same time, the number of sales dipped slightly and inventory expanded, early signs that the market may be beginning to cool, albeit modestly. The average sale price for all home types climbed 3.8% year over year to $1,306,113, according to a market report from appraisal firm Miller Samuel for Douglas Elliman.

Michael Anderson was an idealistic young architect-developer when he built six condominium townhomes in the late 1990s in the Leimert Park area of Los Angeles. He hoped to create an ownership option for Black households who are so often left off the real estate ladder. In the weeks leading up to completion and move-in, he checked out the buildings daily.

The market is considered balanced, and prices vary depending on factors like location and amenities. Price trends: The average sale price for condos in Beacon Hill saw an increase in 2025 compared to previous years. Time on market: In October 2025, Beacon Hill condos spent an average of 100.9 days on the market. List-to-sale ratio: In October 2025, condos sold for an average of 96% of their asking price.