A Softer, Gentler Prospect Heights Market
A new article in The Real Deal takes a look at the Prospect Heights market and sees some “softening.” StreetEasy numbers show that median prices in the neighborhood dropped 4.8 percent, from $619,000 to $589,000 between he second quarter last year to the second quarter this year. The mag’s reporter visits open houses and see…
A new article in The Real Deal takes a look at the Prospect Heights market and sees some “softening.” StreetEasy numbers show that median prices in the neighborhood dropped 4.8 percent, from $619,000 to $589,000 between he second quarter last year to the second quarter this year. The mag’s reporter visits open houses and see “light” traffic (only two couples in an hour at The Washington Condos, above), though local broker Doug Bowen of Core Realty says Prospect Heights’ prices are stable and there’s high demand and price premiums for Vanderbilt Avenue pads. Bowen says new developments east of Vanderbilt are going for between $600 and $750 a foot. One prospective buyer at an open house said she was enjoying the lack of frenzied competition for properties in the area and noted that “this might be the right time to buy because it seems slower, less frantic, more relaxed.”
Inside the Open Houses of Prospect Heights [The Real Deal]
12:37 Have you ever seen the size a PH backyard? you can land a small plane in the back of mine.
We just bought a coop in PH a few months ago. Had we waited we might have gotten a better price but inventory is down especially if you’re not looking for a condo. We love it!! Love the neighborhood, love how close we are to the Park, love that we’re near Park Slope but not in it, and love that we have the 2/3/Q/B train options.
“yeah, except you can buy a brownstone in prime park slope for the same price or less. and it had all that stuff 10 years ago. oh yeah, almost forgot that little green patch up the hill.”
You can’t find park slope brownstones that were as nice for those prices. You obviously didn’t see the houses and should shut up.
The whole point of prospect heights being a better investment NOW is that they have the right combination NOW, not 10 years ago. Glad you’re not my broker if you advise people to chase others gains.
As for that green patch, have you looked at a map? You do know where prospect heights is don’t you? It has great park access.
anyone seen any good multi family deal in ph?
some of the prices is overpriced, the owners will have to come down from their crack heaven.
for the same price or LESS? you are high.
“PH is the best investment right now. It has the right combination of growth potential and momentum”
yeah, except you can buy a brownstone in prime park slope for the same price or less. and it had all that stuff 10 years ago. oh yeah, almost forgot that little green patch up the hill.
Keep saving your pennies 11:37. Eventually you’ll be able to afford your very own place back home in some cleveland suburb.
Brownstoner,
MoveableType has many configuration options and plugins that can prevent this type of abuse. It’s all very very simple to configure.
What’s taking so long to solve this simple problem?
You know maybe this spam person is a ghost and is trying to tell brownstoner or us something?