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
Ha! I knew that area was technically Bed Stuy. We have friends who rent a duplex on Franklin (between Gates & Monroe), and they always claimed it was Clinton Hill. Although they have a nice backyard, their apartment and the neighborhood are *trash*. I say that after visiting them from Ditmas Park almost every weekend for the last two years.
Happily for our friends, they’re throwing in the NYC towel after 10 years and moving to Seattle next month.
10:57pm, I know the definition of the words, so that was not the point, the reference I made was to choosing a culture. Nobody that says “hood” says “nabe” – get it DUMBASS!
So this week we are down on Bed-Stuy? lol, I have to admit, pessimists sure are a persistent bunch. I guess we’ll see our economy come crashing down any minute now. Just like folks have been predicting for 5 years now, due to gas prices or oil prices or the price of bras in Brazil. Or how about that real estate bubblicious explosion that was supposed to leave everyone all gooey? Now the pessimists are wringing their hands waiting for that soon to come sub prime super supreme surprise. I guess I’ll believe it when I see it. Till then , it’s just a bunch of hooey.
…Keep me out of it.
I hate Norman Oder…..
I agree with 8:21, the above post is much too long-winded. It sounds like something that Norman Oder would write.
“Pleae keep your comments down tyo a matter of lines. They are too boring.”
So don’t read them! Who died and made you boss anyway?
This is a forum and as such ideas, thoughts and opinion must be vetted out and sometimes debated. At times, this can not and will not occur within a “matter of lines.”
But then again, given your lack of spelling, reading something of depth and quality might be too hard for a 5th grader with ADD.
Pleae keep your comments down tyo a matter of lines. They are too boring.
It is summer and that is why prices in “marginal” hoods are lower. Top prices sell and sell quick now for quality. Most people of wealth who drive the market don’t have time to look at crap now. The listings that were lowered are crap and just that. Wait to fall you’ll see. People who spend time writing dissertations for brownstoner should be buying up the crap now because they will priced out again and then we will have disertations on brownstoner again.
Not if the goal is to offend…..