Corco Cutting Prices East of Classon
It can be hard to spot a trend in the real estate market until after the fact, but we couldn’t help but notice when we were perusing Natefind yesterday that Corcoran had cut prices on six of its townhouse listings in Bed Stuy and Crown Heights within the past week. (The biggest cut, both in…
It can be hard to spot a trend in the real estate market until after the fact, but we couldn’t help but notice when we were perusing Natefind yesterday that Corcoran had cut prices on six of its townhouse listings in Bed Stuy and Crown Heights within the past week. (The biggest cut, both in absolute and percentage terms, was at 36 Monroe Street.) Is this a coincidence, do you think, or could there have been some word from on high that drove these cuts? Taken as a whole, do the cuts signify anything about the market in those neighborhoods or is this bad news balanced out by bidding wars at places like 100 Decatur?
56 Monroe Street [Corcoran] GMAP
36 Monroe Street [Corcoran] GMAP
470 MacDonough Street [Corcoran] GMAP
1300 Carroll Street [Corcoran] GMAP
1416 Sterling Place [Corcoran] GMAP
610 Eastern Parkway [Corcoran] GMAP
well said 11/45
everybody got that? prices are down all ovr the place. it’s summer!
11:36 – This is a blog; a discussion forum. Just because I might have a different perspective from the Stoner does not mean that I have “anger.†These type of discussions are healthy and necessary. You are SILLY.
brownstoner,
don’t feed the trolls. i’m shocked that you let that guy get to you. you have a wonderful site.
I don’t agree with 10:31, however I don’t disagree either…
I doubt there is any sort of insidious plan to hype Clinton Hill while bringing down Bed Stuy, but there are huge holes in this post, Mr. B and you did conveniently miss Corcoran’s price cuts in Clinton Hill.
First of all, it’s not like price cuts are anything specific to Bed Stuy – Natefind currently shows price cuts on townhouses across the board both in Brooklyn and Manhattan: Bay Ridge, Boerum Hill, Brooklyn Heights, Carnegie Hill, CLINTON HILL (more price cuts here than Bed Stuy – considering Altantic & Williams isn’t Bed Stuy by anyone’s definition – and they’re ALL Corcoran listings, also up to $100k reduced), and the neighborhood list goes on…
The only trend that you can extrapolate from this is that the market EVERYWHERE has gone a bit softer than Corcoran’s expectations (I would hate to think of what they promised the sellers when they signed on).
While I don’t think Mr. B is filtering things deliberately, I also don’t think this is very responsible or thorough journalism.
saw the BS Macdonough house..Good block needs at least 200k in renovation. Is that block worth it?
Stupid border question. What is the official not “real estate border” between Bed Sty and Clinton Hill. Monroe may be a “bargain” for CH but its certainly no bargain for BS. Decatur (sp?) was a beautiful brownstone with lots of original detail on a prestigious block (yes there prestigious blocks in BS)This house looks like communist housing and is priced 300K more than similiar properties in the sorrounding area.
11:23 – Why the anger at stoner? He makes an innocent observation and it’s some nefarious plot. Don’t like the site go elsewhere.
Brower Park:
It’s not BS bashing, it’s just a reality check. Maybe long time residents are not as shaken up by the crime in their neighborhoods but new buyers looking to drop $800K are probably not used to living in BS conditions. People think that just because real estate values have gone up, a place is safer. That’s far from the truth.
i think this site needs a way to filter out realtors so they can’t post on it!