As Manhattan housing rightfully snags the spotlight today, here’s a snapshot of what’s happening in Brooklyn and Queens, courtesy of the Daily News:
- Brooklyn home sales in the last four years dropped 52.7 percent, from 12,089 to 5,716. In the last year alone, sales fell 37.5 percent
- Queens home sales dropped 48.4 percent in four years, from 17,962 to 9,266. Sales dropped 34.8 percent in the last year.
- Home sales in Richmond Hill, Queens, dropped from 938 in 2006 to 665 in 2007.
- In Astoria, between September 2007 and August 2008, 228 homes sold, a 39.4 percent drop from 2004 and 2005. The average single-family home now sells for $500,000 to $525,000, down from $550,000 to $590,000 a year ago.
More dismal stats here.