Home prices in Brooklyn and Queens continue to grow, along with the emergence of a large number of offers of rent in these areas, as well as in Manhattan.
According to a report from Douglas Elliman, in the second quarter of 2017, home prices in Brooklyn and Queens broke the record.
The average house price in Brooklyn reached $ 795 000, which is more than 20% higher than a year ago.
The average home price in Queens was $ 510 000 dollars , which is almost 10% more than last year. Largely the prices are increased after Brooklyn.
«Brooklyn is the new Manhattan, and Queens has become the new Brooklyn,» said Stephen James, head of new York office of Douglas Elliman. «It’s like a chain reaction in a Domino».
He also noted that the towns County Westchester there is increasing interest in the acquisition of real estate, and more and more buyers are considering purchasing a home in Riverdale in the Bronx.
While the real estate market in Manhattan is watching the price drop, in Brooklyn, more than 23% of all sales exceeds the stated price on average by 3.8%.
«In many ways what is happening in Brooklyn and Queens, is what happens in «suburban» America: a chronic shortage of offers and rapidly rising prices,» he said. «At some point the situation must be cleared».
In the most popular areas of Brownstone Brooklyn including Brooklyn Heights, Carroll Gardens and Park Slope , and Greenpoint and Williamsburg, the median sales price increased by 9.6 percent from the same time a year ago to 1.25 million dollars, according to a report by Ideal Properties. The average sale price rose more than 21 percent, to 1,687 million dollars.
«We believe that very soon the average price of sales will reach $ 2 million,» — said the representative of the company Alexander Stepanovich DNAinfo.
The company came to the conclusion that 49% of sales in Brooklyn for the second quarter of this year, the final price exceeded the asking.
The prices of rent have increased not too, due to the large number of new construction projects and increased supply in the rental market.
