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April 14, 2008
Brooklyn Home Sale Prices Inch up 3 Percent in the First Quarter of 2008
http://www.marketwire.com/mw/release.do?id=843390
"Average home prices rose in Williamsburg, Brooklyn Heights, Carroll Gardens, Fort Greene and Bay Ridge but fell in Park Slope, Boerum Hill, Greenpoint and Clinton Hill."
"Prices rose for Park Slope single- and multi-family homes, as well as for co-ops, but Park Slope condo prices fell 32 percent, dragging down the neighborhood average home price."
"Fort Greene saw a 170 percent increase in sales volume, the largest of all the neighborhoods, with 62 homes sold in the first quarter of 2008 compared to 23 for the same period last year. Overall prices also rose from $675,870 to $760,484, a 13 percent increase."
http://www.marketwire.com/mw/release.do?id=843390
Comments
Nothing like a press rlease from a firm that earns its living in real estate to reassure everyone. Come on.
Posted by: guest at April 14, 2008 4:42 PM
Facts are facts, 4:42.
You can't make these numbers up.
It is exactly what I see. Everyone told me to wait a year to buy...prices would come down drastically.
Now a year later, not only am I not finding that the case, but in fact, prices are rising.
Posted by: guest at April 14, 2008 4:46 PM
There are tens of thousands of one bedroom condo owners that could sell their condos for $675-760,000 average price quoted above and come over and buy a nice single family. That's the aspect of demand keeoing the market propped up...its a value trade....more space, lower taxes, no condo fees and (maybe) a tenant to pay half the mortgage for essentially the same price
Posted by: daveinbedstuy at April 14, 2008 5:16 PM
Was referring to Manhattan condo owners
Posted by: daveinbedstuy at April 14, 2008 5:24 PM
4.46
Yeh thats what happened to me years ago...houses that I could have bought for 200,000 $300,000 are now triple and quadruple the price. Lets face it houses are not dropping to half the price cause of the slump . Keep waiting and you will be paying double the price in a few years from now. If u want to get a house and you have the cash go get it especially if you plan to keep it for a while....
Posted by: guest at April 14, 2008 5:37 PM
only a fool would buy now. anybody who purchased from 2005 on will be down for many years to come in all fringe hoods.
Posted by: guest at April 14, 2008 8:32 PM
Purchasd in yr 2005 and I will never go down have no regrets....
Posted by: guest at April 15, 2008 9:02 AM
This information is beyond worthless. i.e. for Park Slope house prices increased by condo prices declined by 32%. Brooklyn Heights up 23% on decreased sales volume but Boerum Hill down 36% on 167% increase in sales volume.
Posted by: guest at April 15, 2008 4:05 PM
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