Residential Sales in Brooklyn

As I was the poster who set off this firestorm, I should note that I was in fact careful NOT to criticize Mr. Brownstoner. My point, plain and simple, is that people (readers of the Times and this blog) turn to the sold and time on the market stuff as an indicator of where the market stands.

Mr. Garstein is indeed forthcoming in his post, but he cites facts that only underline my point: That this particular property was on the market not for three weeks but for two months. And the houes took a haircut of close to $100,000.

THAT Is news a reader could use. The facts cited in the Times, and reprinted in this case on this otherwise fine website, are substantively inaccurate.
And with all due respect to Mr. Garstein, who runs a fine real estate agency, most readers don’t have the time to call him to verify so-called facts.

Best

Michael

The information on 17 Howard was not provided by Warren Lewis Realty, but is pretty much accurate. According to the NY Times, the length of time on the market is calculated from the last price at which the property was listed, until the time an offer was accepted. In this case the price was lowered to $1,025,000 on September 27th. An offer was accepted on October 18th, and the contract was signed on October 30th.The original listing price was $1,085,000, as of August 21st. These are the facts. So, depending on how one chooses to calculate length of time on the market, you now have accurate information upon which to base your conclusion. As for favoritism, let me assure you that Warren Lewis receives its share of criticism on Brownstoner, most of it unjustified. Although I find blogs intriguing, there seem to be too many people named Anonymous. Perhaps if bloggers were required to identify themselves, readers would place more value on their comments. If you have questions, please do not hesitate to call me at 638.6500, ext. 205.

These are reprints from the NY Times Real Estate section. It would be strange for Brownstoner to link to something, but change the words. Anonymous 9:30, if you want to criticize someone, criticize the Times.

The Windsor Terrace property was on the block for several months. And it’s price was cut, to $1.25 million. And again to sell the place.

I assume these sold listings and the asking and selling prices are provided by the realtor. Prices are insane enough, and buyers are anxious enough, without having also to tolerate flat out lies about pricing.

But … having said that … I realize Brownstoner is at the mercy of realtors and must rely on them to be honest. Which–in many but not all cases–is not unlike relying on sharks not to bite.

Concord Village is not in Brooklyn Heights, which ends at Court Street. Im not sure what you would call the neighborhood in which it sits. Perhaps Downtown Brooklyn.