Behold the power of Brooklyn as prices surge 35%.The Real Estate Board of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (REBNY REBNY Real Estate Board of New York ) unveiled its first ever Brooklyn Brooklyn (br  k`lĭn), borough of New York City (1990 pop. 2,300,664), 71 sq mi (184 sq km), coextensive with Kings co., SE N.Y. Residential Sales Report in response to the booming residential market in the borough. The inaugural report, which compiles data from a variety of brokerage firms and city data, found that the average sales price for a Brooklyn apartment increased 35% to $478,000 in 2005 compared to 2004. Of the 19 neighborhoods surveyed, DUMBO/Fulton Ferry had the highest apartment average sales price of $1,255,000 and the highest average price per square foot of $717. In addition, Fort Greene reported the highest surge in apartment prices with an 81.9% increase in 2005 compared to last year. Fort Greene average prices per square foot for apartments surged a whopping 114.2% to $562 per square foot. REBNY Residential Division co chair Diane DIANE Diversified Information and Assistance Network (Tennessee Valley Authority) DIANE Direct Information Access Network for Europe DIANE Digital Integrated Attack and Navigation Equipment Ramirez Ramirez may refer to:
"This report is a testament to the tremendous growth of Brooklyn's residential market in the last several years. The increased sales activity and surging apartment prices demonstrate a booming market and increased interest on the part of our membership to track trends in the marketplace," said Steven Spinola, REBNY president. "Our Brooklyn committee, which was started about a year ago, has seen tremendous growth and we believe this report will help the committee's brokers do business. We believe our report will be the most comprehensive account of sales ACCOUNT OF SALES. comm. law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold. in the borough." The REBNY Brooklyn Residential Sales Report 2005 will serve as the basis for future, steadily expanding, and regularly published Brooklyn sales reports. Other report highlights: * Overall, the average price per square foot for Brooklyn apartments increased each consecutive quarter from the first quarter of 2004 through the fourth quarter of 2005, and surged 36.6% to $469 compared to last year. * Brooklyn one- and two-family dwellings saw their average sales price rise in 2005 to $530,000, a 20.5% increase compared to 2004. * Brooklyn Heights one- and two-family dwellings had the highest average sales price in 2005 of $2,722,000 and an average price per square foot of $853. * Fort Greene one- and two-family dwellings surged 82.6% and average price per square foot increased 63.3%. |
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