Open House Picks
Park Slope 52 Berkeley Place Brooklyn Properties Sunday 12-2 $2,750,000 GMAP P*Shark Midwood 490 East 24th Street Fillmore Sat 2-4, Sun 2-4 $1,177,000 GMAP P*Shark Sunset Park 515 45th Street Century 21 Sunday 12:30-2 $999,000 GMAP P*Shark Bedford Stuyvesant 696 Halsey Street FSBO Sunday 12-2 $690,000 GMAP P*Shark
Park Slope
52 Berkeley Place
Brooklyn Properties
Sunday 12-2
$2,750,000
GMAP P*Shark
Midwood
490 East 24th Street
Fillmore
Sat 2-4, Sun 2-4
$1,177,000
GMAP P*Shark
Sunset Park
515 45th Street
Century 21
Sunday 12:30-2
$999,000
GMAP P*Shark
Bedford Stuyvesant
696 Halsey Street
FSBO
Sunday 12-2
$690,000
GMAP P*Shark
I just recently spoke with a couple of friends who are brokers and they both suggested that the market is drying up and closer than it ever has been for a correctio. While they admitted that many people are attending open-houses, the responses are different than the past, when there appeared to be an urgency to buy. Further, they stated that many comments at the open houses that are overheard are about prices being too high and wanting to wait. Has anyone experienced this, or is this two borkers’ experience? Also, my question is posed to homeowners, homeseekers, and brokers alike, but if you are a broker, please identify yourself, as anything that comes out of you mouth when not amongst friends must be taken with a grain of salt.
RE: sunset park. We bought last year at over $700k for a two family. I havn’t seen but a few for that price or lower. Most are located under the BQE or in really bad shape. In general I am seeing more houses in the $800k-900k range. Also the market changes so much in six months that you can’t rely on previous sales greater than six months which is what Zillow and other sites rely on. Also century 21 block and lot is horrible. I don’t know how they get business.
your “friends” are a little misinformed
Re: Sunset Park — 437 46th Street sold on 6/27/07 for $630k. Not a brownstone, but 3 stories; not an obvious family sale.
Doesn’t anyone research comps anymore, or do they just listen to the seller?
“market” is what things sell for, not the asking price. so if a beautiful brownstone sold for 550k, then that’s the market price. from what i’ve heard from friends who live in the neighborhood, there have been a lot of 3 story buildings between 4th and 5th that have sold for around 650k in recent months. i don’t know if the 550k sale was below this because it needed a lot of work or if the market has gone up since Nov. 2006. but market price is not 999k — that’s just the (ridiculous) asking price, which is a smart craigslist response to the fact that Corcoran is trying to flip the whole frickin’ neighborhood.
2:24 550 is below market. There is nothing in that price range in sunset park. I guess you just proved the point.
Trulia and zillow show condos and coops and bring down pricing making it meaningless to evaluate the price for a multifamily house, useless web sites in my opinion
Re: Sunset Park — 466 43rd Street (close to subway) sold for $550k in November 2006. Beautiful brownstone, not a family sale so far as i can tell. Family sales may bring down an average slightly, but I can’t imagine there are so many of these as to significantly skew the average.
As a potential buyer, I’d find grandma’s clutter much more appealing than many of the modern looking homes on the market that are so sparse and sterile looking that I’m unsure whether I’m seeing a person’s home or the backroom of a nuclear laboratory.