Crain's New York sums up details from a Real Estate Board of NY report on first quarter condo sales: "While Manhattan saw a 63% decline in condo sales in the first three months of 2009 from the year-earlier period, Brooklyn wasn’t far behind, with a 61% drop in sales volume. Meantime, sales in Queens and the Bronx were down 58% and 50%, respectively." REBNY president Steven Spinola told Crain's, "The declines were to be expected given the economy. However, we must keep in mind that for a time New York City remained insulated from the housing market declines in other parts of the country.” Which means... more to come? There were some bright spots, like some condos in Queens and Brooklyn neighborhoods keeping their value.