People searching for Brooklyn homes on the Real Estate Board of New York’s ResidentialNYC web portal are most likely to look for properties in Park Slope, Bay Ridge or Bedford-Stuyvesant, according to an article in this morning’s Eagle. The Slope is Brooklyn’s most searched-for neighborhood, followed by Bay RIdge and Bed-Stuy. According to data collected on ResidentialNYC, the Brooklyn sales market isn’t exactly flagging. Average prices for co-ops and condos increased 11 percent (to $501,000) from January ’07 to January ’08. Average prices for all home types increased a far more modest 2 percent, year-over-year, to $587,000. “Despite a national real estate slowdown, the Brooklyn market continues to show some signs of growth with apartment prices increasing 11 percent throughout the borough, said REBNY Prez Steven Spinola.
Park Slope, Bay Ridge, Bed-Stuy Named ‘Hottest’ Nabes [Brooklyn Eagle]
Slope photo by wallyg; Bay Ridge photo by gmpicket; Bed-Stuy photo by ultraclay.