The price of Brooklyn real estate continued to rise in the first three months of 2007 compared with the same period a year earlier, according to the appraisal firm HMS Associates; meanwhile, the total number of transactions fell. The average sales price for a home in the borough increased by 9 percent to $757,000. Single-family homes rose by 13 percent to $688,000 while condos on average jumped 26 percent to $551,000. While overall values were up, the study found that prices fell slightly in Greenpoint, Carroll Gardens, Clinton Hill, and Brooklyn Heights.
Brooklyn quarterly home sale prices rise [Crain's]