Friday, October 21, 2011

Real Estate Sales In Brooklyn Have Good Third Quarter

Real Estate Sales In Brooklyn Have Good Third Quarter
by Dennis Holt (, published online 10-17-2011

Much Activity in W’burg, Park Slope and Bed-StuyBy Dennis Holt
Brooklyn Daily Eagle
BROOKLYN — For people who have been heartened or disheartened by the quarterly results of residential real estate sales in Brooklyn, the third quarter results have to warm the heart.
Third-quarter reports of such sales for 2011 are becoming available, and the Brooklyn numbers are positive. While the city overall showed improvement, according to the Real Estate Board of New York (REBNY), Brooklyn gained the most value in average sales price with an 8 percent increase to $589,000. (The average price for a home in Manhattan was $1,393, 000.)
In Brooklyn the busiest neighborhoods in terms of residential sales were the usual ones — Williamsburg with 225 sales, Park Slope with 187 and Bed-Stuy with 109. These real estate active neighborhoods are also geographically quite large.

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