2013: A Record Year for Brooklyn Home Prices

A report out today from Douglas Elliman echoes what many others have shown in the last few months: Brooklyn prices are skyrocketing. In the fourth quarter of 2013, home prices set an 11-year record, as The Real Deal noted. The median home price — for all types of dwellings — is now $570,110, an 11.2 percent increase over $512,500, which is what the median was in the fourth quarter 2012.

Ideal Properties also jumped into the report game today with “Brownstone Brooklyn and Beyond.”

“Rental prices increased rapidly with inventory dwindling throughout 2013 and a number of factors attracting new residents to Brownstone Brooklyn, including more job opportunities in technology, film and the arts, and improved shopping around Barclays Center, Borough Hall and other retail corridors. A growing desire for historic homes and neighborhood experience were also strong contributors,” said Ideal Properties Group Managing Director Aleksandra Scepanovic.

She predicted rental and sales prices will continue to increase in 2014.