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
I believe they call themselves the “Brownstoners” and have done so for over twenty years. The event is early October and it includes a dining week with the area resturants.
Exactly, anon 4:19. You can waste time whinging and moaning about how expensive everything is, and you can post all day long about how the “bubble” is going to burst. And two, three, five years later, you’re still paying exorbitant rent, and the people who had the stones to commit (long-term) to buying a piece of the community are that much *further* ahead of you financially.
Per the earlier poster: I *definitely* want to see the Bed-Stuy house tour–I know there are extraordinary homes there. Anybody know the dates and sponsor organization/website? Thanks!
by = buy
sorry
I’ve been reading housing blogs like these since 2003 or so. All this time people have been predicting a housing crash and saying to sit on your savings and wait. And guess what, someday that crash will come, and prices will drop to what they were in, oh, 2005 or 2006. And all those people who didn’t buy in 2003 when things were even cheaper? Oh, I’m sure they’ll feel like geniuses!
So now people (actually, one person) are dissing a neighborhood because they think if people won the lottery they would move. Getting pretty desperate!
Well said, 4:15.
These buildings are hideous, at least those that actually show interior pics. (Except for 1300 Carrol Street).
What’s all this discussion over nothing? Corcoran tried to scam people and they failed.
This has nothing to do with bed-stuy, except perhaps the fact that there’s very little inventory of nice buildings left.
Whenever there is a decent Bed Stuy building on the market, there’s a fever to by it, and the place is immediately No. 1 Most Viewed on the Corcoran site.
3:48 Some of those people are sitting on lotto money -the house paid for, means no mortgage – so why don’t they leave?
I disagree, Brower Park/Crown Heights Proud. 99% of Bed-Stuy residents would leave if they ever hit the lotto. Stop dreaming…
I take exception to the comment that 2:15 made, that wealthy people would not want to buy in Stuy Hts. Maybe many wouldn’t, but there are those with beaucoup bucks who would be happy to have a fabulous period home they would have no problem fixing up to perfection, in a beautiful neighborhood. Not everyone cares about having 10 latte bars, a wine shop and a Banana Republic around the corner. They can afford to get that stuff from the best places, anyway. Some people are more than happy to keep a low profile, and enjoy the community’s history, culture and beauty, along with their spacious and beautiful homes. Many of those people are living there right now.
This may have nothing to do with Corcoran’s pricing, other than to describe their ideal customer, but let’s not assume that the only reason people are buying in our neighborhoods is because they can’t afford anything else. Most want to be here.