Brooklyn Luxury Real Estate Market at Four-Year High
While the total number of residential sales in Brooklyn decreased slightly in 2011 (1%) compared to 2010, Brooklyn’s luxury market (residential sales of $1 million and above) registered a four-year record in 2011. There were 742 such transactions in 2011. This figure represents a 35% increase over 2010 (550), while compared to 2007 (775) it…
Brooklyn Luxury Real Estate Market at Three-Year High
More good news has come out about Brooklyn’s real estate market after two of its neighborhoods ranked among New York City’s most expensive neighborhoods and the borough posted the lowest rate of lis pendens ending up at auction. PropertyShark analyzed the activity in Brooklyn’s luxury market (residential sales of $1 million and above) and the…
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