Manhattan 'Still a Party'; Hangover for Williamsburg?
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…
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.
The data is in the annual Census American Community Survey.
The VAST majority of Brooklyn housing stock is multifamily. Not many single family homes in Brooklyn.
The data is in the annual Census American Community Survey.
The VAST majority of Brooklyn housing stock is multifamily. Not many single family homes in Brooklyn.
As long as we are on English lessons, 9:52 didn’t say that most people in Brooklyn live in single family houses. That wouldn’t be true even in Scarsdale.
The question and the answer were about houses, not people. I have no idea if the “most” is correct, but there sure are long stretches of one-family houses out there.
11.39 – you might be sensitive to the nuances of those born and raised here, but you aren’t really getting it. I’m guessing you were raised here yourself. “Diversity” as used in American discourse does not mean diversity on any meaningful scale.
I’ll forgive you though, living in brooklyn. You probably think it means black and white kids together or hispanics and asians.
Dave in bed stuy
Stay in your hood cause if I see you anywhere else in Bklyn you are minced meat.
11.39 – no, rarely. The diversity you are talking about is pc-diversity. Its lip-service to diversity. Everyone is different of course, goes without saying. Real diversity comes from immigrants.
Based on my spelling, you are “conviced”? Thanks for the spelling tutorial. English is my second language and this is a blog you moron.
You implied those neighborhoods are mostly single family homes by supporting the original posting, which made this ridiculous claim.
Corco stats are based on Corco sales. Hard to imagine that they sell very many single family houses in BK regardless of what Bensonhurst looks like.
“10:36, no he is an wrong. None of those neighborhoods are mostly single family homes.”
Well, I didn’t say those neighborhods were “mostly single family homes.” I said there are rows and rows of single family homes in those areas, which is true. However based on your spelling, I’m conviced that you are indeed from Bay Ridge.