Some Brooklyn Nabes Up Over 40% in 2004

From a subscription-only NY Sun article trumpeting the fact the the average sales price for a Manhattan apartment cleared the million-dollar mark in Q4 2004, we found this data on price appreciation in Brooklyn:

(Corcoran CEO Pam) Liebman pointed to Fort Greene in Brooklyn as an example. Prices for two-bedroom co-ops there increased 53%, to $457,000 from $298,000, according to the Corcoran Report. Even in neighborhoods that have been on the radar for several years, numbers continued to rise. At Cobble Hill, the average sales price of a condominium in 2004 increased 46% from the year before. At Park Slope, it was up 43%.

Apartment Prices Up, Inventory Down [NY Sun]