The average price of a condo in Park Slope, Brooklyn’s answer to the West Village, increased by 8 percent year-over-year, from $591,000 in 2006 to $640,000 in 2007, according to the year-end market report released by the Cocoran Group earlier this week. Here are some more Park Slope figures from the report:
- The average price of a three-bedroom condo rose 11 percent in 2007–the biggest increase of any condo size–to $1.145 million compared to $1.033 million in 2006. The median price of a three-bedroom condo declined by 7 percent in the same period.
- Two-bedroom condo prices dropped the farthest in 2007. The average price dipped from $687,000 in 2006 to $677,000 in 2007, while the median price dropped 4 percent to $637,000 in 2007.
- The average price of a studio condo rose from $254,000 in 2006 to $256,000 in 2007. The average price of a one-bedroom condo rose 3 percent year-over-year, to $444,000 in 2007.