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Brooklyn Real Estate Prices Up & Dumbo's on Top

Add to the list of stories about the New York City real estate market, the latest statistics about things in Brooklyn. According to the Real Estate Board of New York, the median apartment price in Brooklyn went up 6 percent from 2005 through 2006 to $343,000. Carroll Gardens had the highest average price per square foot for a coop at $800, a 32 percent increase. Greenpoint had the highest percentage jump in median sale price of an apartment in 2006, up 65 percent from a year earlier. The highest percentage increase in median price per square foot for an apartment was in Williamsburg at 28 percent. Small potatos, though, compared to Dumbo, where the average sale price for a condo was $1,053,000, and to Brooklyn Heights, which had the highest average price per square foot for a condominium at $914.
· Brooklyn is the new boulevard of broker's dreams [NYP]
· Brooklyn Still a Manhattan Alternative [TRE]
· Ask Curbed: Is There a Frenzy in the Market? [Curbed]