Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Kensington Home Prices

The data below shows median sales prices for Kensington Brooklyn homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Kensington homes and apartments was $271,0001. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Kensington

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 28.68% lower.

The quarterly rolling median price for all homes and apartments in brooklyn reached its most recent peak of $501,930 in April 2007. At $271,000, the current quarterly rolling median price is now 46.01% lower. This is the lowest value for the quarterly rolling median price since the April 2007 peak.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in Kensington for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $658,500 § $265,000 § — § $271,000 §
November 2010 $661,500 § $272,000 § — § $330,000
October 2010 $635,000 § $272,000 § — § $302,500 §
September 2010 $655,000 § $330,000 § $313,326 § $364,000 §
August 2010 $540,000 § $275,250 § $313,326 § $301,163
July 2010 $540,000 § $270,000 $313,326 § $275,500
June 2010 $540,000 § $269,500 $450,000 § $282,250
May 2010 $594,000 § $229,809 § $450,000 § $275,000
April 2010 $678,000 § $247,750 § $450,000 § $288,839
March 2010 $667,500 § $255,000 $565,000 § $288,839
February 2010 $667,500 § $275,000 $387,000 § $363,589
January 2010 $515,564 § $278,766 § $387,000 § $379,089
December 2009 $565,128 § $276,883 § $403,905 § $380,000

12 Month Rolling Home Price History for Kensington

The 12 month rolling median price for all homes and apartments in brooklyn reached its most recent peak of $457,000 in August 2009. At $295,839, the current 12 month rolling median price is now 35.26% lower. This is the lowest value for the 12 month rolling median price since the August 2009 peak.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in Kensington for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $635,000 § $270,000 $450,000 § $295,839
November 2010 — § — § — § — §
October 2010 $565,128 § $272,000 $387,000 § $302,678
September 2010 $600,064 § $272,500 $420,810 § $330,000
August 2010 $562,564 § $269,000 $420,810 § $302,678
July 2010 $565,128 § $269,000 $450,000 § $301,339
June 2010 $565,128 § $269,000 $452,390 § $301,339
May 2010 $615,064 § $247,750 $454,779 § $332,000
April 2010 $665,000 § $255,000 $461,877 § $342,000
March 2010 $620,000 § $254,625 $472,778 § $335,000
February 2010 $595,000 § $262,000 $461,877 § $379,089
January 2010 $595,000 § $269,000 $468,975 § $379,089
December 2009 $620,000 § $270,000 $468,975 § $409,000

Kensington Home Affordability

In 2007, the median household income in Brooklyn was $40,9422. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Brooklyn household, this would have meant that a monthly mortgage payment should not have exceeded $1,024 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 7.91% of the homes and apartments sold in Kensington in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report. ↩

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets. ↩

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.

The City of New York can not vouch for the accuracy or completeness of data provided by this web site or application or for the usefulness or integrity of the web site or application. This site provides applications using data that has been modified for use from its original source, NYC.gov, the official web site of the City of New York.