Tracking The Rising Prices in Brooklyn

2004 - 2012 - Brooklyn Home Prices

The people behind the PropertyShark Real Estate Blog have put together an interesting infographic comparing the home prices in all Brooklyn neighborhoods from 2004-2012. Breaking down price fluctuations by neighborhood, the data has some no-brainers but also some numbers that are going to make you do a double take!

Some highlights:

Williamsburg has shown a increase of 174% in property value with prices jumping $269 to $736 per square foot. Known as one of the hippest neighborhoods in the country in recent years, Williamsburg is home to a world class art and music scene, with young artists originally being drawn to the area for it's low prices and converted industrial space. Check out 20 Bayard Street or 251 South 3rd Street for examples of new construction in WIlliamsburg.

Prospect Lefferts Garden property values have increased 63% from $235 to $382 per square foot. Bordered by Empire Boulevard to the north, Clarkson Avenue to the south, New York Avenue to the East and Prospect Park to the west, the neighborhood was recently home to a large Caribbean population but has become one of the more gentrified neighborhoods in Brooklyn in recent years. 

Gowanus has increased 52% from $439 to $668 per square foot. Apparently the notorious Gowanus canal has done nothing to decrease property values in the area over the last few years. With close proximity to Carroll Gardens and F, G, and R trains, the neighborhood has been tagged as one of the 'neighborhoods on the rise' in Brooklyn for the past few year and these figures seem say the market is in sync with the recent headlines press!

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