Brooklyn Housing Prices See Some Pickup, Queens Slips

Friday, October 15, 2010


Prudential Douglas Elliman reports that in Brooklyn, a typical home sold for $485,504 from July to September, up 2 percent from the same period a year ago. But in Queens, the median price slipped 2 percent to $355,000.

According to the residential brokerage firm, housing prices rose most rapidly in the northwest part of Brooklyn, including neighborhoods like Park Slope, Fort Greene, Brooklyn Heights, Carroll Gardens and Cobble Hill, where the median price for the third quarter was up 24 percent, from $565,000 last year to $700,000 this year. The price of brownstones rose 12 percent from a year ago.

But other Brooklyn neighborhoods saw their housing prices deteriorate. The eastern part of the borough, including Bedford Stuyvesant, Brownsville, Crown Heights and East New York, saw prices fall 20 percent.

On average, Brooklyn properties sat on the market for three and a half months, down from five and a half months last year.

In Queens, median prices rose 12 percent in Astoria, Long Island City, Woodside and Sunnyside, from $436,020 to $489,000. The neighborhoods that saw the biggest drop in prices include Far Rockaway, Jamaica and Ozone Park. 



More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by