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.
Maybe but are those the neighborhoods that we’re all talking about here in “brownstone” brooklyn? I think not.
I remember a thread about the Russky Brighton Beach waterfront condo but when’s the last time any of these other places were relevant to a discussion here on “brownstoner”
Who, besides the Cocoran Group, provides reliable figures for real estate trends in individual Brooklyn neighborhoods? And how does Brooklyn compare, on whole, to a place like San Francisco?
“Canarsie, Bensonhurst, Seagate, Bayridge, Georgetown, Millbasin, Gravesend,Brighton beach, Midwood, Flatbush and East Flatbush.”
He’s got you there. There are rows and rows of single-family homes in these neighborhoods.
still a jackass What
Brooklyn is not predominantly single family houses.
Speaking of anal surgery, pull your head out of your ass.
the reign (strangle-hold?) of douchebags in this city is nearly over. give us our motherf*cking city back.. 10 long years of cultural stagnation, economic pressure, dominance of the corporation permeating our lives. good riddance!!
I (heart) Clinton Hill!
“Really 9:52. Name one street that’s all single family houses!!!!”
Canarsie, Bensonhurst, Seagate, Bayridge, Georgetown, Millbasin, Gravesend,Brighton beach, Midwood, Flatbush and East Flatbush.
Any more neighborhoods you Mutant Asshat!
“Why do you have to post twice What?? Credibility issues???”
Nope Asshat! BTW Where is your Boy Boy Biff at Dave? Still recovering from the Anal Surgery. LMMFAO!
The What
Someday this war is gonna end…
“Mission Control is losing touch with the Space Station!”
HAR! He’s got some great lines.
It’s true that most Brooklyn houses started out as single family dwellings, but these day most are multifamily (2-4). In the past, Corcoran has posted townhouse prices by single-family and 2-4 family. It will be interesting to see what the pricing changes are for multifamily houses.