Market Snapshot: Crown Heights


The folks at PropertyShark are back again, this time with market numbers on Crown Heights. The neighborhood boundaries used were Atlantic to the north, Ralph Avenue to the east, Empire Boulevard to the south, and Washington Avenue to the west. The numbers show a gradual decline in median sales prices on homes after 2006-2007. (Although in the last two quarters of 2012 those prices were on the upswing.) One- to three-family home sales in the neighborhood topped out in 2007, with a median price around $700,000, and dipped in the third quarter of 2009, with the median price at $300,000. Apartment sales look a little stronger, with the median sales price topping out above $500,000 in 2010. This year apartment sales in the neighborhood rose, with the median price around $400,000 in the third quarter of 2012. And here are some interesting factoids: The most expensive block in the neighborhood is St. Francis Place, with a median price of $740,000 for seven sales since 2005. The most expensive residential sale in the neighborhood was the glassy three-family home at 914 Pacific Street. Click through for more graphs and a map with median sales prices this year for Crown Heights and surrounding neighborhoods.

Above, the median price for all sales in first through third quarter this year.

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