Signs of Life for Williamsburg Condos?
Proof from the Sunday Times that pricing, not a lack of buyers, is what’s holding the market back: After getting no traction at the NV at 101 North 5th Street in Williamsburg last fall, the Developers Group began getting serious about cutting prices in January and, voila, 17 out of 40 units are now in contract. Similarly, at the nearby Rialto, ten of 31 units have been signed for in the last two months. Signs of a pick-up in the ‘Burg market or exceptions to the rule?
Feb 02, 2012 | 12:31 PM