Brooklyn is a global brand, and the signature brownstones are in demand more than ever.
According to a new report by Ideal Properties Group, residential sales in Brownstone and Northern Brooklyn increased 34 percent from the first quarter last year, and 16 percent from last quarter.
“Increasingly sought after by affluent buyers, townhouses are expected to continue to set new records in this market," stated Aleksandra Scepanovic, Managing Director of Ideal Properties Group.
Supply is still short and Scepanovic expects a busy year in the Brooklyn market. About 60 percent of properties are selling at or above the listing price.
The average price for residential properties was about $1.13 million, and $2.2 million for townhouses. The average condo is trading close to $1 million.
