Open House Picks
Park Slope 366 6th Avenue Brown Harris Stevens Sunday 12-2 $1,895,000 GMAP P*Shark Carroll Gardens 291 Hoyt Street Halstead Sunday 12-2 $1,600,000 GMAP P*Shark Prospect Lefferts Gardens 209 Maple Street Pesach Volkov Sunday 2-5 $975,000 GMAP P*Shark Sunset Park 538 58th Street Corcoran Sunday 2-5 $959,000 GMAP P*Shark
Park Slope
366 6th Avenue
Brown Harris Stevens
Sunday 12-2
$1,895,000
GMAP P*Shark
Carroll Gardens
291 Hoyt Street
Halstead
Sunday 12-2
$1,600,000
GMAP P*Shark
Prospect Lefferts Gardens
209 Maple Street
Pesach Volkov
Sunday 2-5
$975,000
GMAP P*Shark
Sunset Park
538 58th Street
Corcoran
Sunday 2-5
$959,000
GMAP P*Shark
12:43–yes prices have risen in the last year, but they’ve dropped in the last 3 months. Yes they are still higher now than they were a year ago, but that won’t be true for long.
Price decreases in PLG and CH are the first sign. Everyone knows that fringe areas go first. Those areas will drop more and then more established areas will start to drop.
What you Brooklyn-centric people seem to be ignoring is that the Brooklyn Boom was part of a regional boom. PRices have increased all over the metro area by at least 15% every year. Now other areas in the city and beyond are starting to decline, which makes Brooklyn less attractive. Even people who really want to buy a Brooklyn Brownstone are going to rethink their priorities when they can get a nice coop on the Upper West Side or a large house in Forest Hills or the burbs for less money. As prices in those areas continue to drop, fewer people willl be willing to pay top dollar for Brooklyn. And so it goes…
I don’t know how anyone could deny that prices have risen in Park Slope, Carroll Gardens, Boerum Hill, Sunset Park, Fort Greene, Clinton Hill, Bed-Stuy, Prospect Heights, East Williamsburg, or Victorian Flatbush in the last year. Prices may have stayed the same or fallen slightly in PLG and Crown Heights. Big downturn!
“Townhouses up to $1.5 million and get a whopping 49 properties, most of which look kind of marginal.”
Try that search 3 months ago.. You wouldn’t get 49 townhouses – marginal or no.
anon 9:31 —
There has to be one group it’s socially acceptable to attack without censure. Otherwise people would have no pressure valve for people’s frustrations, and there would be bloodshed in the streets. As a boring Park Sloper, I consider it my contribution to a more peaceful world.
See posts here talking about dropping prices and rising inventory. Did a search using the listing section on this website for Townhouses up to $1.5 million and get a whopping 49 properties, most of which look kind of marginal.
Anon 10:44 pm.
I am not going to apologize for living in PS, or wanting to stay in PS. You are right; we could afford a TH in some other areas.
The spitefulness and hatefulness towards PS families is so tiresome and ridiculous. Everyone on this board demands “diversity” in Brooklyn but that “diversity” doesn’t include the BORING families in PS, right? Diversity can’t possibly include that, huh?
If you want diversity in Bklyn, it takes ALL KINDS – including the PS families you so disparage.
“why buy that townhouse at 2m when you can get a state of the art upper west side condo for 2.2m just reduced from 2.6m?”
Well, this blog IS about “an unhealthy obsession with historic Brooklyn brownstones” IMO an apartment, be it condo, co-op, or rental, couldn’t possibly replace a brownstone–to believe otherwise may be realistic, but what’s reality to a true “brownstoner’?
🙂
No problem Anon.11:11–apology accepted.
Anon. 11:37:
You are right about asking prices being reduced in some higher priced PLG homes, but I think in a “normal” market you’d expect houses to go below asking price (leaving some wiggle room for bargaining). The current asking prices are still an increase over past prices and, I think, are realistic. Houses going quickly for asking price or higher with no haggling may be a thing of the past. OTOH, what do I know? Actually, I may know a LOT about brownstones in general and my own nabe in particular, but I’m certainly NOT an expert on the RE market.
My pick for possible value in the market….Aguayo & Huebener
Eleg Bay-Front Limestone
Classic Twnhse on prime block.Totally
orig yet thoroughly mod. Stunning LR
pier mirror, CAC, grand FDR opens to
kit,3+BR,dbl mbr,2.5 lux ba, tierd dck
lovely grdn,fab in-law apt.Just $859K
CALL 718 788-8200 to see H-163R
E-mail: Sales7@AHRlty.com