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February 3, 2009

Corcoran's Most Viewed? All Brooklyn, Baby

There have already been some signs that the Brooklyn market has not getting as beat up as Manhattan of late but this may be the most bullish indicator of Brooklyn's prospects we've seen yet: As of the middle of the day yesterday, the ten most viewed open houses on Corcoran were all in Brooklyn. "We hope that this unique feature can give you a timely insight into the online real estate market," reads the site. Indeed!
Most Viewed Open Houses Now [Corcoran]

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Doesn't mean that much unless you know how many listings Corcoran has in Manhattan and in Brooklyn, does it?

Posted by: Suburbandude at February 3, 2009 10:35 AM

Considering #3 and #6 are the same property, I'm not convinced of the validity of this feature.

Posted by: NorthHeights at February 3, 2009 10:37 AM

None of the listing are in Park Slope, so it can't be right!

I'm KIDDING!

Posted by: 11217 at February 3, 2009 10:41 AM

Its all those Manhattan 1 & 2 bedroom condo owners with huge (yes, still huge) gains in these units that are thinking about the lifestyle change. If you haven't heard me rant on this before I can add more.

Posted by: daveinbedstuy at February 3, 2009 10:42 AM

#3 and #6 could be two diff listings in same building no?
Corcoran has many more Manhattan listings than Brooklyn, so it seems interesting that all of the top 10 are Brooklyn properties....

Posted by: PHfamily at February 3, 2009 10:42 AM

Good point, I just assumed they were houses because there weren't apt numbers. My bad.

Posted by: NorthHeights at February 3, 2009 10:44 AM

11217, if it's any consolation, right now, 5 of the top 10 are in park slope

And they're all still brooklyn

Posted by: NorthHeights at February 3, 2009 10:45 AM

223 Wyckoff Street looks interesting. I was under the impression at first that they were not mostly condos, alas.

Posted by: daveinbedstuy at February 3, 2009 10:46 AM

I went to an open house this weekend for a 3b apartment in brooklyn heights over the weekend. It was packed with people asking serious questions ("when do they want to close?"). I think nice apartments that are priced right are getting some takers...

Posted by: Ringo at February 3, 2009 10:51 AM

223 Wyckoff DOES look interesting. I know that block well, as I had a boyfriend who lived a couple doors down.

It's an interesting block because it's really nice and relatively quiet, but on one end is the Gowanus Houses and the other is the Wyckoff Gardens and this tree-lined block is just kinda sandwiched in between.

I didn't feel as comfortable there as I do in my own neighborhood, but for that price in that location, I'd say it's a great deal. You are just a couple minute walk to Smith Street, 5th Avenue and Atlantic Avenue with a couple trains really nearby.

Nice place.

Posted by: 11217 at February 3, 2009 10:52 AM

I think this is a cool feature
however now there are many Park Slope houses on their top 10, perhaps once 11217 made that statement all the Brownstoner traffic went to see if Corcoran had any Park Slope Homes for sale...

Posted by: gemini10 at February 3, 2009 10:57 AM

I promise that wasn't my intent, gemini. It was a total joke.

Posted by: 11217 at February 3, 2009 10:59 AM

agreed about Wycoff Street - nice house, nice price - tough nabe though between the two projects
I know 11217.. but it might have spurred all of us going to there site enmasse to check out their properties in the slope!

Posted by: gemini10 at February 3, 2009 11:04 AM

My guess is that this last and presumably final round of bonuses will go into vanity houses in Brooklyn --i.e., a banker who understands the game is up, with a net worth of between ten and twenty million, in the market for a big residence, will now look in Brooklyn instead of Tribeca or the WV. Prediction: We'll see a round of sales of the nicest properties in the most desirable neighborhoods at close to ask; we'll hear endlessly from DIBS about how this vindicates his bullishness (even as he hides from us how tough the rental market is in fringe-world); the market goes into toxic shock somewhere between mid-summer and fall, when it becomes clear the gravy train has dried up for a generation.

Posted by: Whuh at February 3, 2009 11:04 AM

Whuh, thanks for playing, but people will still be getting married, still be having children and still be raising families in the city. You had me until you said "dried up for a generation" as if you are suggesting people still aren't going to buy and sell once this mess is over in a couple years.

Dumb.

Posted by: 11217 at February 3, 2009 11:08 AM

No problem with the rental market in the fringe world, Whuh. I live there, I know the market. My unit is rented and if it weren't there'd be people standing in line to get it at a higher price. I don't know what this problem is that you and others have with the Bed Stuy rental market. Please continue to chime in ad nauseum on any other subject that you really know little about.

Posted by: daveinbedstuy at February 3, 2009 11:09 AM

good grief, 11217 totally turned that list!

there should be a 'most viewed this week" list, not just "now".

i'm going to try to take it back from 11217 and shift the top listings to Brownsville and East New York.

Posted by: goldie at February 3, 2009 11:10 AM

But I thought everyone HATED Park Slope!!!

My comment should have made them even more disgusted to NOT look at any of the PS listing out of spite!!

;-)

Posted by: 11217 at February 3, 2009 11:12 AM

More than a stretch to call 689 Myrtle Avenue a part of Clinton Hill. I feel bad for the people who have to trek out there before they realize they're in the middle of Bed-Stuy.

Posted by: Shoots and Leaves at February 3, 2009 11:16 AM

hey hey now
I LOVE PARK SLOPE - I live there
ok Goldie - for every click on a Brownsville House you make I will match you 2 fold

Posted by: gemini10 at February 3, 2009 11:17 AM

11217...I don't think everyone hates Park Slope. i think everyone just hates most of the people who are from Park Slope and post here on brownstoner. And the one from Cobble Hill and the one from Bay ridge and the one from BH. :)

Posted by: daveinbedstuy at February 3, 2009 11:18 AM

It is impossible to conclude from the information provided that people prefer to look at open houses in Brooklyn over Manhattan. Perhaps there are fewer available properties at a certain price point in Brooklyn and so house hunters are forced to view a smaller crop of properties.

Posted by: brooklyn guy at February 3, 2009 11:20 AM

DIBS, sam is going to be very angry at you for that! :-)

Posted by: Biff Champion at February 3, 2009 11:21 AM

Dave, don't forget to add one from Williamsburg to that list also! No hints, but it starts with wine and ends with lover.

Posted by: 11217 at February 3, 2009 11:24 AM

sam is in awe that I'm related to Polly Noonan.

http://www.nytimes.com/2009/02/01/nyregion/01family.html?_r=1&scp=2&sq=polly%20noonan&st=cse

Posted by: daveinbedstuy at February 3, 2009 11:25 AM

Sorry, I did forget that one...but he's in a truly different category. We don't know where the Whuh and cornholedinthebodega live do we?.

Posted by: daveinbedstuy at February 3, 2009 11:26 AM

I think one thing that folks are missing here is that we need to know if these are new listings or how long theyve been on the market. All new listings get big hit the first coupla weeks. Then things start to slow down. ESPECIALLY in this market. Things can remain steady for a little while if it's priced right. THEN, if there's a price reduction, boom..you get another hit. It's a good feature to have BUt it doesn't really tell you why

Posted by: oohlala at February 3, 2009 11:29 AM

Jersey.

Posted by: 11217 at February 3, 2009 11:29 AM

The rental on president 6th/7th is interesting. $1975/month? Really?

That is a much lower price than I've seen for a 1.5 bedroom floor thru in the center slope. I'm sure it is the top 2 floors and small for a 1.5 bedroom, but I'm use to seeing these advertised at $2500+.

http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=1492566

Posted by: northsloperenter at February 3, 2009 11:33 AM

"It is impossible to conclude from the information provided that people prefer to look at open houses in Brooklyn over Manhattan. Perhaps there are fewer available properties at a certain price point in Brooklyn and so house hunters are forced to view a smaller crop of properties."

Totally agreed.

Also, is no one here cynical enough to think that maybe these "most viewed" are not really based on the most clicks, but on what Corcoran needs to push?? Come on.

Posted by: bk14 at February 3, 2009 11:38 AM

Following your lead, Dave. The great thing is, nothing either of us says on here has the slightest effect on either the high end sales market or the slumlord rental market; so feel free to talk your little book, even as it collapses around you.

Posted by: Whuh at February 3, 2009 11:39 AM

northsloperenter...I've heard of 1.5 baths but what is a half bedroom? The broker is the owner so that's definitely brokerspeak.

Whuh, you continue to amaze me with your inability to grasp whats going on in the real world. You have truly taken the lead from the other loons as the craziest.

LOTD award goes to you, even this early in the day!!!!

Posted by: daveinbedstuy at February 3, 2009 11:44 AM

Oh, that note of panic --I love it, Dave. How exactly does a slumlord escape a deflationary bust? Inform me.

Posted by: Whuh at February 3, 2009 11:46 AM

Whuh, your team needs you in the Last Week's Biggest Sales thread. Please, amaze us with your intellect and insightful postings up there.

Posted by: daveinbedstuy at February 3, 2009 11:55 AM

You are mistaking panic for actual knowledge and experience, Whuh.

Such a shame you don't realize how ignorant your comments sound.

Posted by: 11217 at February 3, 2009 11:56 AM

please save the personalized banter and attempts at being site moderator for the open thread.

Posted by: werner at February 3, 2009 12:20 PM

Werner,

What part of your comment at 12:20 is related to the topic of top 10 most viewed open houses on Corcoran...?

Please save your asinine comments for another blog.

Posted by: 11217 at February 3, 2009 12:26 PM

11217...I love it when these Asshats come on and post like that. Do they really not know how idiotic they sound when that's their first post???

Posted by: daveinbedstuy at February 3, 2009 12:48 PM

"I've heard of 1.5 baths but what is a half bedroom?"

A half bedroom is a 10x6 or 9x7 room with a window.

Most owners correctly call this room a den or nursery.

Most agents call it a second bedroom.

I guess since this guy is an owner and an agent his brain fritzed and he settled on "half bedroom" as a compromise.

These layouts with one real bedroom and one small room with a window seem pretty common to me in brownstones. I had a lot of trouble finding an honest "2 bedroom" and actually ended up with one of these layouts.

Posted by: northsloperenter at February 3, 2009 12:50 PM

Or when they come on acting as site moderator telling others not to moderate the thread.

Of which I saw no previous examples, mind you.

Posted by: 11217 at February 3, 2009 1:01 PM

i suspect this stat related to who is in the market today - less foreign nationals and out of towners and more locals any evidence of this?

Posted by: chrishavens at February 3, 2009 3:29 PM

"Brooklyn's real estate market has taken a beating. A new report from the appraisal firm Miller Samuel shows prices are down and the number of sales are down even more. The eastern part of Brooklyn was hit the hardest. We're talking Crown Heights, Bed-Stuy, East New York and Bushwick. Those neighborhoods also have seen some of the highest concentrations of foreclosures..." ~wnyc

and so it goes, Dibs has people, as he claims "lining up to pay a higher price" for his ghetto property. When will this guy stop? hahahahah, I love this guy!

Posted by: cornerbodega at February 3, 2009 7:36 PM

« S#!t Outta Luck: Values Down, Taxes Up The Heights Is Burning »

February 3, 2009

Corcoran's Most Viewed? All Brooklyn, Baby

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