Brooklyn Prices Drop It Like It's Not Hot
OK, we’re gonna try this post again…The average sales price of nearly every type of property in Brooklyn has dropped over the past three months, some in the double digits, according to The Corcoran Group’s most recent report, which tracks deals made by the firm; overall, both average and median prices fell 2% year-over-year. “There’s…
OK, we’re gonna try this post again...The average sales price of nearly every type of property in Brooklyn has dropped over the past three months, some in the double digits, according to The Corcoran Group’s most recent report, which tracks deals made by the firm; overall, both average and median prices fell 2% year-over-year. “There’s been a definite pullback in the marketplace,” said Brooklyn Regional VP Frank Percesepe. Single-family townhouses fared the worst, dropping between the first quarter last year and the first quarter of this year from an average sales price of $1,798,000 to $1,390,000, a 23 percent decrease. (By comparison, multifamilies fell 10%.) The average price of a two-bedroom fell 3 percent, from $611,000 to $591,000. The one bright spot? Studios rose from an average price of $272,000 to $350,00. On the larger end of the market, three-bedroom co-ops fared much better than their condo brethren, rising 12% versus a decline of 5%. Percesepe said sales closed during the first quarter reflect economic difficulties that started to set in last November, and the Bear Stearns collapse could affect next quarter. But he said attendance at open houses was up last week, only the buyers are different than during Brooklyn’s peak boom era. “There’s fewer investors, more people buying for their own homes.”
Dave, while your retarded debate tactics might work in 7th grade (and on the campaign trail), they don’t work when my actual statement is only 3 inches above your mis-characterization/gross exaggeration (and subsequent ironic reply to a point I never made)…..
Gayinbedstuy, Rimm Champion & Hairy Yank,
jack your monkey not the thread.
Right 1:42…nothing is actually comparable, even on price per sq. ft. basis…..condo/coop….this street or that…kitchen/bath upgrades are never comparable, architectural details, bacyard or terraces….even thos properties 404 and 408 Stuyvesant Ave listed yeasterday, 2 limestones right next to each other are not comparable properties
1:34 bravo! You’re ready for Grade 1 math now. Oh, and thanks for the non-point.
Jeez, now Biff’s signing “xxo” for Jeri. I’m going to go see if the What is ranting elswhere, much prefer that to this lovey dovey crap.
It is so stupid to compare “Condos” and “Coops” on design/layout or sale price.
1st of all Condos are relatively new (at least in terms of being available in large #s) and generally refer to new (or relatively new) construction.
Coops on the other hand can range from a cut-up gerry-rigged apartment in a rowhouse, to a luxurious pre-war elevator apartment, to even (a few) relatively newer post-war condo type apartments.
2nd with Coops you have to consider the underlying financing of the building/corporation and the resulting monthly (non-maintainance portion of the) maintainance, which can sometimes be high (and results in a lower “sale” price but an equivalent or higher “real” cost)
I don’t know who Gayinbedstuy is but 1:31, and i assume you are 12:57 as well and are just too stupid
Brenda was making a joke…she was being facetious…do you know what that means. Read it again.
you rant on about knowing something about inflammatory rhetoric and you’re calling people you don’t even know biggotted names??
50 posts by the same 3?
Oh and thanks for letting me know when the topic is played out or tired.
GayinBedstuy:
This isn’t inflammatory class warfare rhetoric?
“It is truly awful to contemplate, isn’t it…a brownstone Brooklyn in which someone less rich than a hedge-fund manager could purchase a house? Rabble like teachers, firemen, and cops will start having ideas above their station!”
27% of Park Slope is Hispanic. Look at median household income on PropertyShark. This idea of the rich “invading” is pure folly and class warfare.
Now back to my caviar.