Corcoran: Ft. Greene and Clinton Hill Tops in 2005
We finally got a chance to read the year-end Corcoran report. Not surprisingly, the runaway winners for 2005 were Fort Greene and Clinton Hill, which the brokerage lumps into one category (with good reason):
As the popularity of the districts has grown over the past few years, Fort Greene and Clinton Hill have ridden a wave of price increases in all categories. In 2005, three-bedroom apartments overall stole the show, with average sale prices catapulted upward by +38%. Studio and one-bedroom apartments gained +25% and +32% respectively. The multi-family townhouse arena proved equally exhilarating, with increases of +28%.
We don’t put too much stock in these numbers given the relatively small sample size, but they probably have some use in identifying larger trends. More outtakes to come throughout the week.
Year End Report 2005 [Corcoran]
Feb 09, 2012 | 11:02 AM