We’re not really buying the assertion in this week’s New York Magazine that Park Slope brownstone prices increased 90 percent year-over-year last year. The stat comes from Corcoran’s year-end report (who’s gonna hook us up?) and, as the article points out, isn’t necessarily a broad sample. Plus, the $3.35 million average could be skewed by a handful of “outlier” sales at the top end of the spectrum. Nonetheless, it’s the kind of soundbite that’s likely to perpetuate itself throughout the press and blogosphere.
An Uphill Slope [NY Magazine]
Reader Reactions [Gothamist]