Windsor Terrace: Hot or Not?
An article in the latest issue of the Real Deal looks at Windsor Terrace and sees lukewarm prospects for the neighborhood. Why so? Well, to begin with, one broker says prices in the area are falling. An Elliman broker who recently sold three Windsor Terrace townhouses says prices are down 7.5 percent, and that properties…
An article in the latest issue of the Real Deal looks at Windsor Terrace and sees lukewarm prospects for the neighborhood. Why so? Well, to begin with, one broker says prices in the area are falling. An Elliman broker who recently sold three Windsor Terrace townhouses says prices are down 7.5 percent, and that properties are slow to sell. Other brokers, meanwhile, say a lack of new development in the neighborhood means there’s not enough inventory. And Windsor Terrace home values may fall even more if prices drop in the Slope. My feeling about Windsor Terrace is that as Park Slope goes, the Terrace goes, says Zev Keisch, a broker at Bond New York. If Park Slope shows a slowdown, then people who were compromising by going to Windsor Terrace to be in that area don’t necessarily have to and can look at their first choice, Park Slope, with a greater chance of a successful buy.
Windsor Terrace on Edge [The Real Deal]
Photo by Betty Blade.
“And I pay just as much as a Slope renter, but my space is bigger. ” —
I’m trying to make sense out of this comment.
Boy wt’ers are testy, take a chill pill guys.
also only snobs call people “snobs”.
um….12:10…hate to break it to you, but most of the newcomers to windsor terrace have moved there FROM park slope.
so your neighborhood is now filled with said snobs.
Windsor Terrace is better than Park Slope. PS is full of snobs.
11:35 AM says it all
“Appraised” is “Appraised”.
A sale is a sale.
Real data against perceived data.
If the broker said it had gone up 15% and you decided not to sell, did it really go up 15%?
ugh,
lived in the neighborhood for 16 years and frankly, I like the quiet. hopefully this will all be a flash in the pan and WT will continue under the radar.
on another note, all the brokers are talking about new development that’s godawful ugly, and overpriced. Whatever happened to wanting to move to a neighborhood because you like the neighborhood? Not because it’s transmorgifying into the Financial District or the Village or what-not.
when brokers over-estimate a property they are seen as trying to win the client or to get themselves a higher commission, and when they under-estimate a property they are seen as trying to move it fast at a loss to their client… they’re jerks either way… ok …
in any event, 11:38 is right. a 15% drop is relatively speaking not a big deal considering how much prices have increased in the last 5 years… in the end, all of these properties are still up pretty high.
all i am saying is that most brokers i’ve talked to seem to be saying that the brooklyn market is “softer” now than it was a year ago…
11:35, just what exactly is a “rent gouger”
so your property was “estimated” at 15% below what it was “estimated” last year??
by a BROKER?
uhhh….ok.
sounds fishy.
if you think you should have sold last year, then maybe you should have sought the advice of an actual appriser instead of a broker who is only trying to make a buck.
and estimating it at 15% lower than last year is only going to help him/her sell the property faster. and their commission will be relatively unchanged. see how this might serve to their advantage to tell you to sell at a slightly lower price? they get to move it fast and make their bucks and move on to the next.