brownstone prices trend up

The Real Deal Magazine reports that while prices are stabilizing in Brooklyn, inventory is low and Brownstones are inching up in price. According to a Brown Harris Stevens report, median prices in Brooklyn Heights, with a large concentration of brownstones, have risen by 13%.

“Brown Harris Stevens’ report for the borough showed an increase of 13 percent in median prices, to $890,000, in the Brooklyn Heights, Carroll Gardens and Cobble Hill neighborhoods, where many brownstones are located. But despite its reputation as an up-and-coming area, prices in Clinton Hill/Fort Greene dropped year-over-year to $470,000, from $490,000. Prices also fell in the Bay Ridge/Sunset Park area, to $275,000, from $284,000 year-over-year, according to BHS.”

Read the full article at The Real Deal:

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