Corcoran '07 Market Report: Brooklyn's Still Up
The Corcoran Group released its year-end market data today, and the brokerage’s stats show the ’07 Brooklyn market making healthy (if not huge) gains over 2006. The median sales price on all condos and co-ops was up 7 percent last year, to $590,000, while median townhouse values rose 2 percent in ’07, to $1.2 million….
The Corcoran Group released its year-end market data today, and the brokerage’s stats show the ’07 Brooklyn market making healthy (if not huge) gains over 2006. The median sales price on all condos and co-ops was up 7 percent last year, to $590,000, while median townhouse values rose 2 percent in ’07, to $1.2 million. The really fun part of the report, however, is its breakdown of how various neighborhoods have fared, sales- and price-wise (see chart on jump). The big winner? Brooklyn Heights, where the median price shot up 19 percent, to $1.3 million. Cobble Hill/Carroll Gardens, on the other hand, showed a median price decrease of 9 percent, going from $950,000 in 2006 to $860,000 in 2007. And Park Slope’s median price slipped from $999,000 in ’06 to $928,000 in ’07. We have a few reservations about this report, including that it doesn’t specify the total number of sales it tracks, that it only compares year-over-year values, and that it basically only covers the priciest brownstone neighborhoods—though we have to give it up for the big C for devoting so much ink to Brooklyn sales data. The article in the Times this morning about the record-setting fourth-quarter Manhattan market notes that Brooklyn’s gains were more “stable” than Manhattan’s. Brooklyn showed its maturity this year because the appreciation was much more steady, said Corcoran Group president Pamela Liebman. Anyhow, do these numbers jibe with pricing trends you’ve noticed over the past year?
Apartment Prices in Manhattan Defy National Real Estate Slide [NY Times]
Photo by threecee.
Gosh Mr. What… you are such an emotional mess. I see you are a fan of 4 letter words.
Yep Fuck you. See how it works
Calm down buddy. Maybe you need a hug from Mommy.
How about your wife. Maybe she can hug my dick.
It’s my opinion that you will cause people pain by your emotional advice, which is incorrect.
Nope stupid, just the bullshit I see.
I would keep your mouth shut and allow people to do their research so that they can make an intelligent decision.
What research Lou??? Being a fucking Debt Slave for banking interest. Guess what Lou ( you mind I call you “Loser”)? The Fed will bail out the people that fucked you over. Joe 6 Pack and Chuckie will get fucked over.
haha! A decision based on what friends are doing. What a laugh, as though your friends are really indicative of the entire NYC population. Judging from your posts, I would do the exact opposite of your friends and yourself.
That’s way you will get burned. Please be here on the meltdown
Investor Loser.
The What *Swinging that bat*
Someday this war is gonna end…..
NYC was gaining in poputaion in those years you revisionists call NY all those names and said people were fleeing in droves.
Yet there is some truth – people were moving otu and still are – but it has been growth of foreign-born population all those years that have increased population.
Yet still – many people on this blog keep claiming the population increase is because all the americans(implying white affluent educated) are moving here in droves because of how wonderful it is …which is not the truth (except the part that NYC is wonderful).
the what….
there are a lot of people (myself included) who wouldn’t move to the south even with 10 million dollars in the bank.
Huh 11:56 Read my post again. They SOLD their houses and took the equity and bought NEW house in the south. Put away a plenty on money and living is good. Some have found a new way of live with lower living cost. Emotion doses not drive me, it’s the reality of a Mutant Bubble caused by assholes (like ourself and 12:02). Now fuck off stupid.
The What
Someday this war is gonna end…
Gosh Mr. What… you are such an emotional mess. I see you are a fan of 4 letter words.
Calm down buddy. Maybe you need a hug from Mommy.
It’s my opinion that you will cause people pain by your emotional advice, which is incorrect.
I would keep your mouth shut and allow people to do their research so that they can make an intelligent decision.
haha! A decision based on what friends are doing. What a laugh, as though your friends are really indicative of the entire NYC population. Judging from your posts, I would do the exact opposite of your friends and yourself.
Investor Lou
11:56 and what non-emotional basis do you have to justify “fantastic appreciation” over the next 10 yrs?
thank you, 11:56.
that was a slap right across the what’s face, if i’ve ever seen one.
What??!! Using your personal Experience and making a financial decision? That reeks of emotion. Never make a business decision based on emotion, mr. What.
So WHAT if your friends sold and moved. Too bad for them. They will miss out on fantastic appreciation in the next 10 years.
They will also get hurt by high gas prices or high transportation costs.
Just because a few friends moved doesn’t mean you have the statistics right. AND DON’T make a business decision based on what friends do! That’s how most ppl (especially those who played the housing speculation game) got hurt.
“Investor Lou” Huh? How about Scam Lou or Fucktard Lou. How many people you fucked over “Lou”???? Maybe you are Brownstoner’s half bother??? I want to see you on this board when the market fucking tanks Lou.
The What
Someday this war is gonna end…