The good folks at Property Shark compiled data on how the real estate market has performed in Bed Stuy since the first quarter of 2005. Overall the results show that prices are slowly but surely on the rise following a more sluggish market in 2009 and 2010.
Condos and co-ops: The median sales price rose from just under $300K in 2005 to just under $400K in 2012. A drop in sales price occurred in the second quarter of 2007 (with median prices around $300K) and rose toward the end of 2008 (with median prices around $450K.)
Houses: The median sales price of houses was just under $500K in 2005, and the median price remains in that range in 2012. Prices were highest from the third quarter of 2006 ($650K) to the third quarter of 2007 ($670K), although the number of closings was steadily decreasing. Prices were on a slow decline from the third quarter of 2007 all the way to the fourth quarter of 2010. Since then, prices have been on the rise, leveling out at 119 closed homes at an average price of $496,221 in the first quarter of 2012.
Most Expensive Streets: The three most expensive streets in Bed Stuy from 2005 until the present are Stockton Street, with eight sales averaging $920K, Columbus Place, with nine sales averaging $779K, and Broadway, with five sales averaging $740,500. The most expensive Bed Stuy sale since 2005 was 293 Franklin Avenue, a two family which sold for $1.9 million in March 2007.
Highest/Lowest on the Market: The lowest priced unit on the market is a condo at 156 Macon Street, asking $133,850. The highest priced unit is 184 Lefferts Place, asking $1.9 million.
Click through for lots more charts and data…
All images via Property Shark
Judge Dismisses 150 Joralemon’s Bike-Share Suit [Streetsblog] Citi Bike May Raise Rates [Gothamist] What’s up With Cops Ticketing Jaywalkers at McGuinness? [Greenpointers] Sweat Lodge on the Shore of the Newtown Creek Via Urban Spa Organics [Greenpointers] Open Studio: Lady Grey’s Industrial Greenpoint Studio Is a Metal Head’s Dream [Racked] Nightwood Is Leaving Williamsburg, Sharktooth Is Moving In [Bedford + Bowery] The Yellow King Will […]
Learn about gardening and food policy at the Brooklyn Botanic Garden this weekend during its 33rd annual Making Brooklyn Bloom conference. The event, which is free with admission to the garden, includes workshops, networking lunches for gardeners and urban famers, walking tours and gardening how-tos. Workshops will cover topics like composting, soil contamination, nature walks […]
Brooklyn, one building at a time. Name: Row houses Address: 175-183 6th Avenue Cross Streets: Lincoln and Berkeley places Neighborhood: Park Slope Year Built: 1889 Architectural Style: Romanesque Revival Architect: Frederick B. Langston Other work by architect: Row houses on Hancock Street, Bedford Stuyvesant. With frequent partner Magnus Dahlander – row houses, flats buildings in […]
A group of artists are transforming a large parking garage on Dean Street between Grand and Classon into a performance space that will feature a restaurant, bar, art gallery and a large backyard, as DNAinfo was the first to report. Their venture, Global Square, will host concerts, dance performances, movie nights and art shows at […]
Crown Heights 466 Prospect Place Broker: Fillmore Price: $2,999,000 Sunday 1:00 – 2:30 GMAP Williamsburg 265 North 6th Street Broker: Elliman Price: $1,750,000 Sunday 1:00 – 2:30 GMAP Crown Heights 1537 Pacific Street Broker: Urban Vue Price: $1,600,000 Saturday 10:00 – 2:00 GMAP Bed Stuy 600 Hancock Street Broker: Sky Group Realty Price: $800,000 Saturday […]