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Williamsburg Apartments Continue to Get Bigger, More Expensive

…”People are buying bigger apartments,” says Jonathan Miller, who crunched the data. And bigger apartments are generally more expensive. “There’s big shift in what’s selling. The average size in the first quarter of 2012 was 835 square feet. In the current quarter, it’s 1,040 square feet.”

Condo sales there made up 88.8 percent of transactions, “the highest market share” since Miller has been tracking that number. “The influx of condo development has essentially redefined the neighborhood.”…

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