Gowanus Lounge: Serving Brooklyn

Entries Tagged as 'Real Estate Market'

Brooklyn Sales Plunge: North Brooklyn Edition

July 11th, 2008 · 1 Comment

[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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Tags: Greenpoint · Real Estate Market · Williamsburg

Brooklyn Sales Fall Sharply, Prices Holding Steady

July 10th, 2008 · 1 Comment

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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Tags: Real Estate Market

Bklink: Bloody Azure PriceChopper!

April 22nd, 2008 · Comments Off on Bklink: Bloody Azure PriceChopper!

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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Tags: Clinton Hill · Real Estate Market · Shortlink

Bklink: Bridgeview Throws in Towel

April 8th, 2008 · Comments Off on Bklink: Bridgeview Throws in Towel

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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Tags: Real Estate Market · Shortlink

Brooklyn Prices Start to Drop

April 2nd, 2008 · Comments Off on Brooklyn Prices Start to Drop

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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Tags: Real Estate Market