Zoom In: Brooklyn’s Condo and Co-Op Sales Activity in Q3, 2015
In Q3, 2015, Brooklyn continued to be a seller’s market. Buyer demand outpaced inventory despite the fact that median home sale prices in more than half of Brooklyn neighborhoods are skyrocketing, with the luxury segment in particular thriving. According to the Corcoran report, last quarter registered 1,271 co-op and condo sales, a 7% decrease compared to Q2, 2015. The…
“More Manhattanites Buy Brooklyn Condos” – What About the Other Way Around?
We recently released a study, first covered by Brownstoner, which revealed that Brooklyn condos are becoming increasingly appealing for Manhattan buyers, especially those priced at $1 million and above.
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