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Three years after the economy entered freefall, have all those Williamsburg condo glut predictions come true? Well?no. New York Mag put together some stats, and in the second quarter of this year, 87.8 percent of 'Burg transactions were new condos. 80 Metropolitan is "virtually sold out;" The Edge is 70 percent sold. One explanation for the sales and their rising prices: "The emerging neighborhood has emerged. Older, better-paid New Yorkers—the 38-year-old Pitchfork writer turned ad-agency executive who married a banker, say—have supplanted the broke-new-graduate cohort." [NYM]

The Edge

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