Our friends at PropertyShark once again complied neighborhood data to provide a market snapshot of Ditmas Park. The boundaries used were Church Avenue to Avenue H and Coney Island Avenue to Bedford Avenue. Needless to say, the numbers are all over the place, but there’s no denying a general appreciation of apartment prices in the neighborhood.
Condos and Co-ops: The median sales price in the first quarter of 2005 was $135,777. By the last quarter of 2005 it rose to $223,209. The market peaked in the later half of 2010, with prices hitting as high as $491,465. The second quarter of 2012 looks a lot like 2010: prices, on a steady increase, came in around $446,250.
Houses: It’s hard to track a trend concerning the median sales prices of one- to three-family homes in Ditmas Park because the volume is so low. Property Shark recorded the highest median price in the first quarter of 2012, hitting $1.1 million. The market was at its lowest in the third quarter of 2011, when the median price was $590,000. Since 2005, a total of 467 homes have closed at a median price of $835,000.
Most Expensive Streets and Sales: The most expensive street in the nabe is Buckingham Road. Since 2005, four sales were recorded at a median price of $1.4 million. Second in the running is Ditmas Avenue. Since 2005, six sales were recorded at a median price of $1.1 million. The most expensive sale in the neighborhood since 2005 goes to the single-family at 484 East 17th Street. It sold in June 2007 for $1.9 million.
Lowest/Highest on the Market: The cheapest property on the market is a co-op at 1170 Ocean Parkway, Unit #9A. Ask: $89,900. The most expensive property now on the market is a landmarked one-family home at 114 Westminster Road, asking $2,349,999.
Why Are Brooklyn Street Artists So Obsessed With the Past? [Gothamist] Nearly $1 Billion in State Budget Could Be for…
Gardeners take note: The Cobble Hill Tree Fund is getting ready to host its annual plant sale next month. There…
Womenswear boutique Hudson+Lawrence opened last month at 355 Atlantic Avenue in Boerum Hill. The store carries clothing from small and…
This brick home at 213 13th Street in South Slope has plenty of stately original Italianate-slash-Neo Grec details on the parlor…
This five-room, three-bedroom coop is on Clinton Street in Carroll Gardens, with laundry in unit, full bath and a guest powder room….