Rising Prices in Greenwood Heights

The Times does a check-in on Greenwood Heights (defined as stretching from the expressway to 36th Street and from the water to Prospect Park West) that includes details about current prices in the neighborhood: Of the 12 houses now listed on the Brooklyn New York Multiple Listing Service, the average price is $706,000, and most condos cost less than $500,000. The article also says that prices have generally risen since the bubble burst in 2008, with data from Century 21 Block and Lot showing that the average price for single-families during the first six months of the year was $653,214, as compared to $526,900 during the same period in 2007; while the average was down for two-families, at $623,000 versus $748,000 four years ago, three-families were selling for an average of $100,000 more than in 2007 ($805,000, up from $706,000). The story includes this fun detail about one resident’s house: “Bought from relatives whose forebears bought it new in 1898, the house, which has original wood floors, crown moldings and clawfoot tubs, cost $130,000 in 1996; she believes that it could get $700,000 today.”
The Sweet Smell of, Well, Sweets [NY Times]
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