Brooklyn Home Prices Jump 18% to Record as Buyers Compete

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New condo developments -- high-rise towers offering amenities such as children’s playrooms and rooftop gardens -- helped fuel price gains, even as they accounted for only 10.6 percent of sales in the first quarter.

Photographer: Craig Warga/Bloomberg

Home prices in Brooklyn jumped to a record in the first quarter as buyers clamoring to own real estate in New York’s most populous borough competed for the limited supply of listings on the market.

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