Brooklyn's Priciest Nabes for Condos

The intrepid condo buyers who took a gamble on a modestly priced spread in Brooklyn Heights in April 2007 probably had no idea that they would be living in the borough's most expensive neighborhood for condos a year later.

Other condo price results results by neighborhood:

Downtown Brooklyn Fulton Ferry—by which we assume they mean Dumbo--was No. 2 with an average condo sales price of $1.246 million. (The neighborhood had been No. 1 last year.)

South Williamsburg ranked number three with an average condo sales price of $1,243 million in April 2008, up 113 percent year-over-year.

Overall, the average sale price for a Brooklyn condo increased four percent in April 2008 to $656,784, but not necessarily where you might expect. There were 318 sales boroughwide compared to 255 in April 2007.

In Park Slope, the average condo price finished April 27 percent lower than in the same month in 2007, dropping from $779,000 to $568,400, but there were 12 sales in April 2007 compared to 22 in the same month this year.

In Greenpoint average condominium prices also jumped significantly in April, increasing 40 percent to $560,947, while the number of sales in that neighborhood jumped from seven sales in April 2007 to 25 sales in April 2008.