Brooklyn and luxury didn’t quite go together 10 years ago. An eclectic mix of less expensive apartments — many loft-style — and a trendier, laid back scene attracted some Manhattanites to make the switch before the borough became the trendy hotspot it is today.
- With an average sales price of $795,409 (up 6.2 percent from last year) Brooklyn isn’t so cheap anymore.
- Total pending sales in Brooklyn's luxury price tier went from a 20.1 percent share of the market to 22.3 percent year-over-year.
- In Q1, Brooklyn had 192 total sales in the luxury market, compared to 154 in the first quarter last year.