[Image courtesy of The Real Estate] One of the most interesting tidbits in yesterday’s Brooklyn Market Report wasn’t that prices are still holding steady, but that sales in Brooklyn fell by nearly 44 percent over the previous years. There were declines in all areas. In Williamsburg and Greenpoint, for instance, the annual drop was close […]

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Housing sales are falling in Brooklyn, per the new Prudential Douglas Elliman Brooklyn Market Overview, but prices haven’t taken a beating yet. Overall, median sale prices fell 1.9% to $525,000, but the average sale price increased 2.4%. The number of sales, however, took a nose dive of 43.6% in this quarter compared to the same […]

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Want to see what a PriceChop looks like? Go no further than the Azure on Classon Avenue. “Let’s look at Unit 2a. It started life last June at $735,000. In November, it went to $649,000. In December, it hit $599,000. In February? $549,000. And, yesterday, there was more axe action with the price hitting $499,000. […]

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Another new condo development that hasn’t sold many units is going rental. Bridgeview Tower, which is in an odd location between the Manhattan Bridge approach and the BQE has been on the market for two years and only has four units in contract. Hence, rental listing are showing up: $3,900 for a 2BR. Given the […]

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The first quarter real estate reports that are starting to come out, show the beginning of some weakening in the Brooklyn real estate market. Data from Corcoran’s first quarter report shows that the average price of an apartment fell 10 percent from $686,000 in the fourth quarter of last year to $615,000, according to figures […]

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