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Now that the city has posted the final update to 2008 sales prices, it looks like at least one part of Brownstone Brooklyn did quite nicely. I found 14 house sales in Brooklyn Heights in both 2007 and 2008. (1, 2 and 3 family. Ignored a few sales of rental walk-ups where it’s impossible to know whether the buyer will convert back to 1, 2 family or turn into condos.)

Median price increased by 1.8% (to $3.5 mil), average price increased by 4% (to $3.85 mil) and the average per-square-foot price increased by 7.1% (to $987).

Interestingly, average discount to initial ask was 12.1%, whereas in 2007, there was an average 1.9% premium to ask.