Brooklyn Home Prices Hit a Crazy New Record -- NYMag
It may be the most basic economic principle in the books — low supply, high demand — but it's having its way in Brooklyn's real-estate market. Though the number of sales practically plateaued at 2,077 transactions, according to third-quarter reports released today by Douglas Elliman, the median price for the borough now sits at a new record — $587,515 — above pre-financial-meltdown levels from 2007, a feat even Manhattan has yet to accomplish.
Those looking to buy in Brooklyn will have to shorten their timeline, too: It now takes about 92 days for a property to sell in the borough compared to 143 this time last year.
New developments still dominate the conversation — the median price for those properties is up 9 percent to $832,000, per the Corcoran Group, and the average price per square foot is up to a six-year high of $960. Corcoran's Frank Percesepe says there simply aren't enough places to satiate buyers hungry for them. "We've had such an incredibly low inventory, and so [what] did come to the market was snapped up right away," he says.
Saturday, October 11, 2014
New Jersey Teacher's Great White Shark Photo Goes Viral
New Jersey Teacher's Great White Shark Photo Goes Viral | Fox News InsiderWe're a little scared just looking at this photo, but would you believe the amazing shot of a great white shark was snapped by a teacher from New Jersey?
Sean Connery & Shirley Eaton on the set of Goldfinger, 1964
Sean Connery & Shirley Eaton on the set of Goldfinger, 1964 pic.twitter.com/0kyOrOdltU
— History In Pictures (@HistoryInPics) October 11, 2014
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