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Earlier this week, the Real Deal reported that February home sales  in Brooklyn were down 44 percent, compared to the same month last year. The total dollar volume also fell, albeit slightly less dramatically, by 33 percent (indicating, among other things, that the average price per sale went up). The numbers, compiled from data issued by Property Shark, included co-ops, condos, and one- and two-family townhouses. The story speculated that the decline was due not to...
In the last few years, articles about Brooklyn real estate have proliferated, to be sure, but they're all pretty much the same story. Prices have gone up, and the number of sales have skyrocketed. Blah blah blah. Is it news anymore when we hear about how much money a brownstone in Fort Greene is on the market for, or when we learn about all the young New Yorkers who can't afford Park Slope and...
It's no secret that Crown Heights has been a hub of gentrification and rapidly-rising real estate prices for a while now, but on the off-chance you needed any further evidence, how about this onslaught of record-breaking home sales in the neighborhood?  Brownstoner has an update on a four-unit brownstone that just closed in the neighborhood for $1.9 million ("a probable record") and, more notably, a condo in the area that just went for $1.93 million...