Surprisingly, the borough’s “most popular” neighborhood, Williamsburg, tied for the 24th place. However, it maintained the highest volume of transactions in Brooklyn at 134 sales, according to the report. While Williamsburg remains a popular neighborhood in Brooklyn, its median home sale price remains just under $1 million.
Cobble Hill registered a year-over-year increase of 102%, reaching just under the $1.8 million mark. Specifically, eight sales between The Cobble Hill House and Polhemus launched this neighborhood upwards. The Cobble Hill House had four sales with a median price of $2.34 million, and Polhemus also had four sales with a median sale price greater than $5 million.
Also important to note was
Surprisingly, DUMBO fell six spots from last quarter to land in the 18th position. Accounting for part of this was– for the second quarter in a row– no sales at the Clock Tower Condominium, dragging the neighborhood down another $300,000 to just under $1.2 million.
TriBeCa, SoHo, Prospect Heights, Dumbo and Chelsea all saw year-over-year declines of more than 24%.