According to Property Shark’s latest report 10 Brooklyn neighborhoods made it into the top 20 of priciest NYC neighborhoods last quarter. DUMBO entered the top three for the first time due to a 60% increase in its median sale price — the third-largest increase in year-over-year median sale price across the top 50 neighborhoods. DUMBO made the top with a $2.8 million median — well above the next-priciest Brooklyn neighborhood, Red Hook’s nearly $2.2 million. A total of 15 out of the 33 recorded sales in DUMBO took place at Olympia which heavily influenced the median sale price of the neighborhood. The condos at Olympia alone sold for a median price of $4.95 million.
Cobble Hill and Gowanus came in at #11 and #12 with median sales prices of $1,625,000 and $1,480,000, respectively. Yet, both neighborhoods recorded drops in medians and sales. In a tie with Carroll Gardens, Cobble Hill recorded the second-largest decline in year-over-year sales activity after falling 58%. And, in Gowanus, sales dropped 35% compared to year-ago figures. Moreover, in terms of medians, Cobble Hill recorded a 7% decrease, while Gowanus recorded a more substantial 17% drop.
Additional neighborhoods in the top 20: Carroll Gardens #14, Fort Greene #15, Boerum Hill #17, Downtown Brooklyn #19 and Williamsburg #20.
