According to a report prepared by an appraisal firm, the average sale price of Brooklyn homes rose 4% in 2007, to $634,915. Co-ops were up 8.8% (to $444,000) and condos increased 7.5% (to $587,000). The excitement is slightly tempered by the fact that home sales dropped 23% in 2007, to 3,374 overall, and the value increase was half that of the previous year's bump. Clinton Hill saw the biggest gains in prices. [Crain's]
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