Deals
Brooklyn Home Prices Reach Record in Third Quarter
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Home prices in Brooklyn jumped to a record in the third quarter, extending a surge that has made the New York borough the only part of the city to surpass the peak in values before the financial crisis.
The median sale price of condominiums, co-ops and single-family homes climbed 4 percent from a year earlier to $587,515, according to a report today by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Of the deals that closed in the quarter, buyers agreed to pay the asking price or higher 55 percent of the time, the biggest share ever in the firms’ data for anywhere in the city.