Buried deep in the Brown Harris Stevens Third Quarter Report are some interesting statistics on market activity in Brooklyn’s ritziest nabes. And if the stats are to be believed, we may all be getting worked up over nothing. According to the report, apartments in Brooklyn Heights and Park Slope sold for an average price of $612,367 in the third quarter, 35% higher than one year ago. And townhouses? The average price per square foot rose to $547, more than 20% higher than the third quarter of 2004. Doesn’t seem to be be much cause for panic in these numbers though, does there?
Third Quarter Report [Brown Harris Stevens via Curbed]