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
We just bought in Crown Heights and had a difficult time finding something realistic. The few properties available in the area were overpriced and still needed significant renovation. This neighborhood will change, but the truth is that not every brownstone in Brooklyn is worth 1 million. We bought from Corcoran and the realtor constantly reminded us of what a “bargain” we got. At the end of the day we paid what we thought the house was worth it and with the intention of remaining here for a long while.
10:43 and 10:45 are the same poster. yawn.
I also think these are markets that Corcoran is not as familiar with. They do a limited amount of business in these areas at this time and don’t have local offices there so their pricing is going to be a little off. Of course if they are going to err it will be on the high side rather than the low side.
I heard that several other Brownstoner-like sites are being started. Anyone know of these sites?
10:31am I agree with whole heartedly. This site is so biased in some many ways (Neighborhood, Architecture, Politics). I think the site is a great resource, but it sure supports the notion that blogs are so far away from being anything journalistic or credible.
I hope Mr. B has a open door policy to return to his old day job, because sites like this will fall out of favor. What stops someone else from creating a blog that just spews subjective viewpoints and doesn’t create real unbiased dialogues.
I am pretty certain that 1300 Carroll was originally listed at 899 and then reduced to 849.
Risky is right! I know someone who bought in bed stuy and regretted it as he was mugged more than once. BTW he is not frail by any stretch of the imagination.
summer doldrums?
Frequent gunshots, gangs, drug dealers and their beeping walkie talkie phones…shall I go on? Welcome to the ‘hood, gentrifiers.