Boom in Big-Ticket Buys
Crain’s reports that sales of luxury real estate fared extremely well last quarter in Brooklyn, with stats from PropertyShark showing there were 223 sales over $1 million, representing a 60 percent increase over the same time last year. The article doesn’t say what percentage of all sales were $1 million+, but Elliman’s second-quarter market report…
Crain’s reports that sales of luxury real estate fared extremely well last quarter in Brooklyn, with stats from PropertyShark showing there were 223 sales over $1 million, representing a 60 percent increase over the same time last year. The article doesn’t say what percentage of all sales were $1 million+, but Elliman’s second-quarter market report counted nearly 2,000 sales, so that would mean about one out of nine were for more than a million bucks. According to the PropShark stats, 123 of the sales north of $1 million were condos, and Williamsburg and Park Slope were the neighborhoods that saw the most high-end sales.
Wave of Pricey B’klyn Homes Set 3-Year Record [Crain’s]
I concur with Noki.
One broker we know yesterday was predicting that we are about to see “Cobble Hill pricing coming to Fort Greene”! There are so few really nice houses available that she might not be far off the mark. Hold onto your hats…