Greenwood Heights On The Rise

May 12th, 2011

Greenwood Heights, nestled between Park Slope on the North and Sunset Park on the South, has not enjoyed the same level of activity that its neighbors have seen in the last six months to a year. That is changing. Last week, we saw a flurry of posts in The Real Deal and Forbes asking the question “Is Greenwood Heights The New Park Slope?




No yet, I don’t think. But activity has increased over here. Days on market have fallen for the past six weeks, and the average asking price is rising.

One source of this increase is Carroll Gardens and Cobble Hill. I have heard both buyers and realtors bemoaning the premium that buyers in these neighborhoods are paying. Individuals who feel priced out of Brownstone Brooklyn are looking around for alternatives and Greenwood Heights,  with a lower profile (until now) is attracting many of them.

Categories: Greenwood, Price Trends, Real Estate Trends, Real Time Real Estate data

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