open-house-six-mos-later-01-18-2008.jpg
Comment: Decent pricing=sales all around for this batch. How ’bout that markup on the Cobble Hill house?
Open House Picks 7/27/07 [Brownstoner]


What's Your Take? Leave a Comment

Leave a Reply

  1. “The open house picks are a sampling of 4 homes in a borough of 2.4 million people.

    How can that be a good statistic for a sampling of the market, 1:59?”

    What’s the significance of a 2.4 million borough-wide population? Are all these people in the market for a brownstone (the children too)? I don’t give a Bruce Ratner’s ass about Canarsie and Gravesend (no pun, just making a specific point about Brownstone nabes). The cumlative reporting of these OH picks are good stats for this narrow brownstone market because where they go is where the market will go and vice versa. It’s not that big of a market especially when you factor in the accounts by many shoppers that inventory is slim.

  2. “proof please, 1:59….

    Brooklyn Real Estate appreciated at 8% in 2007 overall.

    So I don’t agree with you at all.

    The bad year/s will be 2008 and beyond.”

    Proof: The nabes that matter, the historic brownstone districts, Brooklyn Heights, Carroll Gardens, Boerum Hill, Park Slope, Fort Greene, Clinton Hill, Bed Stuy, Prospect Heights, etc., all posted double digit gains from 05 to 06 (source: hastead.com, Market Reports). Compare that to your 8% for 2007 and you’ll agree that it’s getting worse. Rate of change is dropping significantly. I do agree with you, however, that 2008 and beyond will be even worse.

1 2 3 7