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All is more or less well in Manhattan real estate, according to the second-quarter market reports. Big-ticket developments like the Plaza kept the average sales price on the island at $1.67 million, only a 1- to 3-percent dip from the record prices last quarter. There are some signs of softness, however: Inventory is up, and studios and one-bedrooms are getting harder to sell. Nevertheless, Corcoran Group President Pam Liebman says It is still a party, we are just not serving Cristal. Corcoran, the only major brokerage that features sales data for Brooklyn in its quarterly reports, found that co-op and condo prices in our borough rose 5 percent in the first half of 2008 compared with a year earlier, to an average of $621,000. In Williamsburg, however, the average price fell by 26 percent. And Corcoran’s numbers showed the average price of a single-family townhouse in Brooklyn was down 17 percent, to $1.2 million.
Apartment Sales Remain Vigorous in Manhattan [NY Times]
Photo by racoles.


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  1. Well. 2:03 “bxgrl”- why does an emasculated, immature, mentally deficient person such as yourself really need to do this? Did some person in your life leave you bitter and sad and without any ability to have a real relationship so you feel the need to try to establish one with me? Not going to happen. 🙂

  2. Don’t think so, boys. I doubt either of you (or you, singly) know much about anything other than how to be trolls. If you did, your commentary would be a little more diversified. And interesting. Then again, your inability to grasp what diversity means just indicates you are one troll posting twice- simple minded with simple concepts endlessly repeated.

    And 6:08- I doubt you’ve ever stepped off American soil in your life.

  3. 1:20 and 1:05 and you people came here last week? Because my guess is both of you know very little about the United States and its people. Neither one of you has a clue as to what diversity means, in discourse, or in reality. Why don’t you go back to whatever place you came from and go to the library- or better yet, why don’t you travel around the country and learn something.

    You think I don’t get? Well, but you two are so clueless.

  4. If I had to guess, I’d say that 10% of Brooklyn homes are single family.

    There are maybe 5 total on my entire Park Slope block. One of the really nice blocks near the park, no less.

    Not sure how many brownstones are typically in a block, but 5 is certainly not the majority.

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