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Boerum Hill has supplanted Dumbo as the priciest neighborhood in the increasingly trendy borough of Brooklyn.

According to a recent report published by Property Shark, which ranksNew York Cityneighborhoods by their median 2012 sales prices, the median sale price in Boerum Hill (a small neighborhood inBrooklyn’s northwest corner) was $950,000 compared to $869,000 in Dumbo.

The staggering 17% year-over-year increase (the highest in NYC), is being attributed in very large part to a development at 233 Pacific Street which sold twenty units for over $1 million each and five others for over $950,000 each last year.

The sales jump placed Boerum Hill 6th in terms of median sales prices in the entire city ofNew York, edging out the Upper East Side andWestVillage – those traditional bastions of wealth.

Soho placed first with a median sale price of $2.2 million; Tribeca a close second with $2.1 million.

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