corc-q1-2010.jpg
Corcoran just released its First Quarter Report for this year and the news is good: Median apartment prices were up nine percent over both the first and fourth quarters of last year. The resale market was quite strong, up 17 percent over a year ago, while prices at new developments fell off 11 percent over the same time period. (Average price per square foot at new developments fell from $712 in the first quarter of 2009 to $611 in the first quarter of 2010.) The townhouse data was a little wacky: Single-family prices were down more than 30 percent between Q4 and Q1 while two-, three- and four-families were up by almost the same amount. (Data sample issue perhaps?) Another bullish measure: The number of million-dollar sales in Brooklyn rose over 2009 levels.


What's Your Take? Leave a Comment

  1. Childish. Don’t bring up the foreclosure arguement again unless you’re going to support it. If you can’t understand that a forecluser on a piece of crap that needs a gut renovation really has no bearing on a renovated brownstone then you are beyond help.

    So GDP is -10% YOY in your imaginary world of imaginary numbers? ROTFLMMFAO. If that were the case the equity markets wouldn’t have recovered to where they are. But, hey, you know more than the market.

  2. “it’s not just about what it feels like to you.”

    -10% of GDP is not a feeling. It’s an effective reading that would be nominal if you took away the deficit spending.

    “show us the data or STFU”

    Option A:

    +180% for Brooklyn and much worse elsewhere (do you need data for that too?). Elsewhere matters because the banks are centered HERE.

    Show ME some data or YOU STFU.

    ***Bid half off peak comps***

1 2 3 10