The neighborhood topped the list of Brooklyn home sales in the second quarter of this year with 183, the report said. The Bay Ridge/Fort Hamilton area followed closely at 137 sales and Park Slope came in third at 129.
Bed-Stuy’s average home sales price — including condos, co-ops, and one-to-three family dwellings — jumped 21 percent to $874,000 compared to the second quarter of 2014, according to REBNY.
Brooklyn as a borough also saw an increase — albeit smaller — at 9 percent, with a $778,000 average sales price, the report found.
Bed-Stuy is a “frenzy-crazy” neighborhood for buyers due to its close proximity to the city and an “absolutely stunning” stock of brownstones, according to Ban Leow of Halstead Property.
“Bed-Stuy is gradually coming up in pricing to where it should be, comparing neighborhood to neighborhood,” he said.
Two-to-three family, four-story properties average $1.5 million or more, he added.
According to REBNY’s report, the average sales price of a one-to-three family home in the neighborhood increased 25 percent to $937,000 in 2015’s second quarter, compared to the same time frame last year.
Bed-Stuy's boom is a result of supply and demand, said Juliana Brown-DeRiggs, senior managing director at the Corcoran Group.
“People six months ago, when looking, were thinking about a particular area, had a particular budget, but realized they were out-priced and outbid and could no longer afford certain areas,” Brown-DeRiggs said.
“It pushed those individuals to look at other brownstone neighborhoods like Bedford-Stuyvesant.”
Ocean Hill is also gaining traction for buyers, both Leow and Brown-DeRiggs added, along with Brownsville, East New York and Cypress Hills.