Ideal Properties Group's Market Report
Fourth Quarter 2017
Despite a slowing New York City real estate market, the final quarter of 2017 posted a continued upward trend in residential sales prices in Brownstone and North Brooklyn. The Ideal Properties Group report in its 4th Quarter 2017 residential sales edition (https://ipg.nyc/market-reports) revealed that the area remained consistent at the $1 million price tag. Moreover, for the 17th consecutive quarter, the condominiums prices have commanded over $1 million, despite a 8.4 percent drop in the quarter-over-quarter sale prices. The impending new tax plan is expected to potentially bring a boost to the real estate market in the early beginnings of 2018.