The brooklyn luxury market is getting hot, and its two neighborhoods are leading the charge.
A new property report reveals that Red Hook and Gardens Carroll have landed among the 10 most expensive neighborhoods of the New York City, with average house prices in each only shy of $ 2 million.
These two have been exceeded in other Brooklyn premises to search for the highest ranking of the municipality on the city’s elite real estate list. While Manhattan still reigns supreme – dominating the list of nine of the 10 most expensive neighborhoods – the presence of Brooklyn is increasing.
Red Hook got no. 9 country, increasing 11% year by year in an average sale price of $ 1.98 million, while Gardens Carroll was linked to no. 10 with Manhattan Nomad at $ 1.95 million, thanks to an increase in the sale price of 38% eye in just one year.
The general market of the city’s real estate withdrew in 2024, regaining some of the lost terrain in 2023. Home prices recorded 3% year by year, bringing the average sale price to $ 748,000 while activity of sale remained relatively stable.
Brooklyn reflected these trends, with 5% rising prices from year to year to $ 815,000, while sales increased by 2%.
However, luxury real estate saw mixed tendencies.
Some of the sales of the city’s most precious neighborhoods slow down dramatically, while others increased.
Hudson Yards in Manhattan was held above its number 1 Ranking for the sixth year in a row, at an average sale price of $ 7.13 million, thanks to a 22% price jump – although total transactions were almost half cut.
Meanwhile, the Triba was thrown at no. 2 by $ 3.3 million, driven by high -level home sales with a family of multiple dollars. Other elite neighborhoods of Manhattan declined.
Soho slipped to no. 3 After a 15% drop in the average sale price, while the Central Park South saw the highest decline among the most spent areas of NYC, falling 25% from year to year to $ 2.61 million.
The growing star of Brooklyn in the luxury market is not just about Red Hook and Carroll Gardens. Borough saw some of the most dramatic shifts in the volume of sales throughout the city.
Greenpoint led the package with a stunning increase of 150% of transactions, while Boerum Hill saw one of the sharpest points, with sales dropping 46% year by year. Meanwhile, Dumbo – once a staple in the Top 10 – Ra in no. 13 after its average price fell 18%, and sales slowed 30%.
Other neighborhoods, such as Columbia and Gowanus road water district, saw sharp drop in average sales prices, falling 23% from year to year.
Despite these fluctuations, Brooklyn was the only Borough to see the increase in the price and volume of transactions in 2024, further cementing his position as a leading player in the city’s luxury market.
While Brooklyn and Manhattan dominated the most ranking of NYC, Queens and Bronx real estate expenses saw the silent prices.
Queens’ average sales pricing increased 3% to $ 565,000, and Borough added three more neighborhoods to the top city list 50 more expensive, leading to its total to 10. Great percentage of growth in the city – a 6 % 6 % increase year by year, bringing its average sale price to $ 340,000
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