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.”
There’s nothing wrong with commenting or caring about clothes, 5:03. Cher or no Cher.
More straight men (and women for that matter) should take it into consideration a little more often.
Walking down 7th Avenue sometimes makes me wonder whether I’m trapped in a bad episode of Designing Women.
“spooj breath”? hard to respond to such a witty, well-thought out insult.
Sam, I’m sure there were lots of hetero men drooling over Cher in the outfit referenced above!
You don’t have to be gay to like Cher. The woman is like a national historic landmark. And she can actually act. a little.
But to comment about her clothes? Yes, pretty much you have to be gay.
I know this is going to be difficult for your pea-sized brain to comprehend, 4:57, but your comment is THE most offensive one on this thread.
Far worse than anything any of the out of the closet guys have said on here.
You sure do pay us a lot of attention though. Most people who would be so offended would just ignore it.
You’re a little curious, aren’t you?
Maybe a little more than curious?
Shucks! I guess break time is over huh spooj breath?
Just joking Gay America but those 3 deserve it. Sorry.
The other gay guy is not refering to name calling. It’s you 3 and your occasional;
“the market is blah, blah, blah, then hey let’s meet at Auggies, how was your night, my butt hurts” and all that aother jazz you jokers are posting. Same crap and agenda as yesterday. chill out already.
Mr B. just posted a story about 4 minutes ago above …”What Manhattan Prices Buy In Brooklyn”
This is the whole crux of my argument against DRAMATICALLY falling prices here…..there’s support out there from people like myself who want to buy a lot more space for far less money with architectural detail, a yard, neighbors that you speak to, etc,etc,etc
Yes prices are going to come off from these highs but there’s far more value here than across the river.
And before anyone starts to talk about recession, etc you better know your facts. Look at what interest rates were in 1978-1983 and then again in 1990-1992. As well, look up the definition of recession before you go on a rant about the economy.
My mom likes Cher and she’s not gay.
Stereotypes be gone!!!
4:42 guest, a homophone is a word that is pronounced the same as another word but differs in meaning. Would you like to try that once more?
4:44, actually, no.
Precisely, Dave.
4:26, we’re calling out the homophobes (so to speak). The reference to Cher by Jerri was a very humorous link to to filming of Moonstruck in Brooklyn Heights, which we were all discussing – hence the Cher/Nicolas Cage mention. It was independent of, and not a reaction to the homophobic jerk.