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The Edge, a rendering.

Williamsburg, Greenpoint Home Sales Jump—Why?

Surprise, surprise—the new Douglas Elliman and Miller Samuel report shows that North Brooklyn home sales have more than tripled during the past year, which is just further evidence of expansion in an area that's growing in popularity with the young people.

Sales in North Brooklyn, which includes Williamsburg and Greenpoint, went from 127 units at this time last year to 402 units in the second quarter of 2011, a significant increase that could partly be attributed to trendy new condo development The Edge. The complex has 565 units and, according to its website, is more than 50 percent sold. Read More

apartments

Twilight?

Plenty of Brooklyn Apartments For Sale

It would seem by a new report that there are either (a) a lot of people leaving Brooklyn; or (b) a lot of opportunities to move to Brooklyn. It's got to be (b), right?

The number of homes offered for sale in the BroBo paradise jumped 11.5 percent annually in the second quarter, according to a new report from Douglas Elliman and Miller Samuel, and the average number of days spent on the market hit 142 days, up from 103 days during the same time last year.

More apartments and brownstones gone wanting? For a month-plus longer than last year? What gives? Read More

Trendy

And your maintenance fees are this way...

For Manhattan Housing, No Double-Dip (Yet)

Back in April, there was much hand-wringing (and Obama-blaming) when apartment sales prices actually dipped in the first quarter. It turns out the first-time homebuyer tax credits had not so much buoyed the Manhattan housing market as put a kink in its decline that is still being worked out.

The good news was the dip meant a return to the normal, seasonal cycles, and it is reaffirmed today with the release of No. 1-in-our-hearts Jonathan Miller's report for Prudential Douglas Elliman. Read More

The Lab

You, under this.

Co-ops vs. Condos: Co-ops Winning Again

Co-ops are the dominant form of for-sale housing on our fair isle, more difficult to get into (persnickety boards that have recently gotten that much more uppity) and generally more expensive to buy (bigger down payments and more stringent financial requirements). They account for roughly two-thirds of the Manhattan housing stock, with condos comprising much of the rest.

But, for a while there during the last decade, condos overtook co-ops as the preferred housing choice, maybe due to looser mortgages or just the simple ubiquity of all those gleaming, new towers. This reporter recalls offhand a study done by The Real Deal magazine that showed more than 9,000 condos proposed for Manhattan in 2005 alone—and most of them subsequently got built.

It appears, though, that the dowager has risen. Read More

We Officially Live in the Age of the Condo

Second-quarter housing numbers for Manhattan dropped this morning, and we caught up with appraisal ace Jonathan Miller, CEO and president of Miller Samuel and author of Prudential Douglas Elliman's report. Guess what? There's a shift in the market—and a good one, if you're a condo developer or a condo seller.

While the number of overall sales Read More

The EZPass of Doormen

From Ocala, Fla., and Unity, Maine, the fate of New York doormen may be decided. The two towns headquarter the remote command centers of the Virtual Doorman, a technology that, as the name suggests, acts as a building’s doorman in everything but a warm body. Plus, it’s cheaper: $9,000 to $17,000 for installation, maintenance extra, Read More


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