Unsurprising news of the week: Williamsburg home prices have gone up a whole lot in the past ten years. As shown in the image above via PropertyShark, Williamsburg is up 269% from 2004-2014 and Greenpoint is up a meager 92%. From TheRealDeal:
Talk about gentrification. Home prices in some of the city’s neighborhoods have not just climbed over the last decade, they’ve blasted off, landed on Mars and found water.
Average prices for condos, co-ops, and single- and two-family homes in Williamsburg climbed from $275 to $1,015 per square foot between 2004 and 2014, which, after adjusting for inflation, amounts to a positively-shocking 269 percent increase