This Weekend's Open House Picks
Park Slope 146 Sterling Place Douglas Elliman Sunday 12:30-2 $2,995,000 GMAP P*Shark Fort Greene 76 South Elliott Place Brown Harris Stevens Sunday 2-4 $2,795,000 GMAP P*Shark Fort Greene 135 Saint Felix Street Corcoran Sunday 1-4 $1,699,000 GMAP P*Shark Bedford Stuyvesant 522 Madison Street Corcoran Sunday 10-11 $624,960 GMAP P*Shark
Park Slope
146 Sterling Place
Douglas Elliman
Sunday 12:30-2
$2,995,000
GMAP P*Shark
Fort Greene
76 South Elliott Place
Brown Harris Stevens
Sunday 2-4
$2,795,000
GMAP P*Shark
Fort Greene
135 Saint Felix Street
Corcoran
Sunday 1-4
$1,699,000
GMAP P*Shark
Bedford Stuyvesant
522 Madison Street
Corcoran
Sunday 10-11
$624,960
GMAP P*Shark
5:28 said in an attempt to defend an earlier statement in which he/she said the buyers today in Brooklyn are exactly the same pool of buyers in both number, finances and demographics as they were in 2000:
“NYC’s population has not increased substantially since 2000. It did go up much faster than the suburbs between 1990 and 2000, but between 2000 and 2005 the population growth in NYC was 0.35% a year. In other words, the population has just about stayed flat.”
How is a growth of .35% of OVER 8 MILLION PEOPLE staying “flat”?????
That’s a growth of hundreds of thousands of people a year. Demographers say NYC will contain nearly 10 million people by the year 2030.
But okay, let’s go with your silly statements – please explain why there aren’t tons of houses and apartments sitting empty if the population has stayed the same the last 8 years. NYC has the highest occupancy rate anywhere in the U.S.
I know you are bitter you didn’t buy before this but please just state the facts, don’t make shit up to support your belief you can buy a brownstone for $500,000 (at year 2000 prices) if you just sit this out and wait long enough. The economy could entirely collapse and sorry nope, $3 million brownstones will not suddenly become worth $500,000. If that were to happen you still couldn’t afford it because you know what? You would so not have a job, nobody would, and no banks would be giving out loans. Get real. The economy is and will take a hit but not like that. Now stop buying new shoes and start saving to buy a place if that’s what you really want. It means effort on your part. It’s not going to be handed up on a silver platter just because you feel entitled to it.
Did Brownie remove the six months follow up on home sales?
95% of people on this blog won’t be able to afford these houses, even if the prices were slashed by 50%.
And that’s the damn truth.
If you have to buy, buy, but be prepared to see your equity decline. If you can afford to wait, wait. Inventory is growing, which is great news for buyers.
i was just overbid on two park slope properties over the last month.
i don’t see how it’s a waiting game at all.
my experience has not been that way so far.
Manhattan inventory just broke 6,000 units and is steadily rising. Don’t know Brooklyn’s inventory number, but as goes Manhattan…
If you are a seller, now is the time to sell. Waiting any longer will definitely lead to value erosion.
If you’re a buyer, on the other hand, it’s a beautiful waiting game. Check out open houses, wait for the property you want, throw a lowball bid out there and know that if it doesn’t stick, inventory trends are in your favor.
1:14 – you’re quite wrong. Selling prices are softer all over brownstone brooklyn. I’m not talking about listing prices.
1:14, there is no chance that the same house in PS would sell for more in 2008 than in 2007. It’s possible the mix of houses available for sale has changed — skewed toward higher-end properties, since sellers assume those prices are most likely to hold up — but any meaningful apples-to-apples comparison would show that prices are falling. And the downturn has just started — the ripple effects on the Street of events like Bear Stearns’ collapse haven’t even been felt yet.
12:27:
Houses, co-ops and condos are selling for more this year in Park Slope than they did in 2007.
If you think prices have come down 15-20%, you are a little out of the loop.