REBNY: Price Increases in Brooklyn

Corcoran and Elliman’s latest quarterly reports for Brooklyn have yet to be released, but in the meantime there’s the Real Estate Board of New York’s most recent reckoning, which shows Brooklyn had the largest price-per-foot increase in the five boroughs in the third quarter. The Wall Street Journal digs into REBNY’s numbers and finds that Brooklyn was particularly buoyed by strong sales volume in Williamsburg, Park Slope and, somewhat surprisingly, Bedford Stuyvesant. Even still, sales volume in some of those neighborhoods is lagging behind the second quarter, the Journal notes: Sales volume was down 9 percent in Williamsburg, and the Edge’s developer Jeff Levine says “We went from an average of 30 units to an average in the summer of just over 20 units a month, which in this world is still pretty fantastic.”
Brooklyn Sales Show Pluses [WSJ]
Real Estate Industry Issues Quarterly Notice of Rising Prices [Curbed]
City Home Prices Shoot Up 8 percent: REBNY [TRD]
Graphic via WSJ