Brooklyn townhouse prices experience surge over past year.As 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. experiences tremendous growth in new real estate development, townhouses remain a strong option for many buyers. The latest Brooklyn Townhouse town·house or town house n. 1. A residence in a city. 2. A row house, especially a fashionable one. Sales Report from Halstead For the village in Kent, see . Property shows that all four areas studied in Brooklyn posted an increase in prices from a year ago with the biggest increase in Greenpoint/Williamsburg. This specific area showed an increase in the average price by 24 percent to $772,369, compared to the first half of 2005. Halstead Property is the only residential real estate firm to report on all sales of 1-4 family homes without commercial space in Brooklyn. In the Brooklyn Townhouse Sales Report, Halstead Property profiles four areas and focuses on the following data: average price, median price, average square foot and average price per square foot. The four areas include: Boerum Hill/Brooklyn Heights/Carroll Gardens/Cobble Hill/Park Slope; Bay Ridge/ Bensonhurst/Dyker Heights; Bedford Bedford, town, England Bedford, town (1991 pop. 75,632), county seat of Bedfordshire, central England, on the Ouse River. It is an important industrial center; diesel engines, pumps, turbines, agricultural machinery, electrical equipment, and transistors Stuyvesant/Clinton Hill/Fort Greene; and Greenpoint/Williamsburg. The report also includes specific data on 44 neighborhoods. The Brooklyn Townhouse Sales Report for the first half of 2006 shows that the Williamsburg North Side was the neighborhood with the largest increase in price when compared to a year ago. With a 59 percent increase in price from $693,813 to $1,104,280, the Williamsburg North Side also showed a 25 percent increase in the number of sales. In addition, Coney Island Coney Island (kō`nē), beach resort, amusement center, and neighborhood of S Brooklyn borough of New York City, SE N.Y., on the Atlantic Ocean. had a 173 percent rise in sales from 11 in the first half of 2005 and 30 in the first half of 2006. "Townhouses continue to increase in value--especially in emerging areas of Brooklyn. The numbers show an increase in prices in almost every single neighborhood which indicates that townhouses are a hot commodity as new developments are being built," said William S William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack . Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. , executive director of sales for Brooklyn. The Brooklyn Townhouse Sales Report also noted these following key findings: * The average price for a townhouse in Boerum Hill/Brooklyn Heights/Carroll Gardens/ Cobble Hill/Park Slope rose 11 percent to $1,539,841 as compared to a year ago. * In Bay Ridge/Bensonhurst/Dyker Heights, the average price increased by 5 percent to $725,057 as compared to $689,956 a year ago. The average size of the townhouse in this neighborhood increased 4 percent to 2,220 square feet. * Rising 18 percent over the past year, the average price in Bedford Stuyvesant/Clinton Hill/ Fort Greene was $640,587. The average price per square foot also had double-digit growth of 18 percent, rising to $249 per square foot. Released twice a year in February and August, the Halstead Property Brooklyn Townhouse Sales Report utilizes data provided by ValuExchange, which is a proprietary database containing the largest collection of closed sales data in 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 . |
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