This Brooklyn Neighborhood Saw Average Home Prices Cut in Half

Average sale prices remain above $1 million in the majority of the city's most expensive neighborhoodsHome prices in the Big Apple remain some of the highest in the country, but new figures on the state of the market show a shift in the city's priciest neighborhoods, including one that saw a drop in sale prices by nearly 50 percent.

Tucked away below Prospect Park, Brooklyn's Fiske Terrace might be unfamiliar to even some living in the city, but the enclave boasts some of the highest average home prices in the city. In the span of just one year, the neighborhood sank in median price from $1.65 million to $905,000.Top 50 Most Expensive NYC NeighborhoodsBut that's not the only eye-catching news out of Brooklyn in a new report by PropertyShark.

Oh we’re calling it Fiske terrace as suppose to Gowanas? Amazing copyright - checking it out now

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This Brooklyn Neighborhood Saw Average Home Prices Cut in HalfHome prices in the Big Apple remain some of the highest in the country, but new figures on the state of the market show a shift in the city’s priciest neighborhoods, including one that saw a drop in sale prices by nearly 50 percent. Tucked away below Prospect Park, Brooklyn’s Fiske Terrace might be unfamiliar to even some living in… Oh we’re calling it Fiske terrace as suppose to Gowanas? Amazing copyright - checking it out now
Source: NBCNewYork - 🏆 270. / 63 Read more »