What the Heck Is Going On in Carroll Gardens?
This is getting weird. Despite a softening market all around, there’s been a rash of new listings in Carroll Gardens that have defied all logic and precedent. Starting with 44 1st Place (which in retrospect is probably the best deal of the lot) for $3,842,500, they’ve just kept coming: A 3,100-square-foot house at 78 3rd…
This is getting weird. Despite a softening market all around, there’s been a rash of new listings in Carroll Gardens that have defied all logic and precedent. Starting with 44 1st Place (which in retrospect is probably the best deal of the lot) for $3,842,500, they’ve just kept coming: A 3,100-square-foot house at 78 3rd Place for $3,495,000? A 16-foot-wide one at 40 2nd Place for $2,800,000? And now a three-story house at 329 President Street for a $3,600,000? What is going on here? One common denominator: Corcoran is the listing agent on all these places except for 1st Place. Coincidence or conspiracy?
329 President Street [Corcoran] GMAP
HOTD: 40 2nd Place [Brownstoner]
HOTD: 78 3rd Place [Brownstoner]
HOTD: 44 1st Place [Brownstoner]
“Most individual agents price houses on their own using the best available comps.”
BUT that’s the problem here. There are NO comps to support the prices for the worst offenders of the batch–the small and narrow houses at President and 3rd Place. None. So the brokers and owners obviously did NOT determine these prices based on comps. So HOW DID they arrive at these listing prices? I’d love to know. Hence, the conspiracy theories…
Dear Conspiracy Theorists…I wish you knew how the brokerage business works. Most individual agents price houses on their own using the best available comps. The usually do not speak, let alone ‘conspire’. Don’t forget the sellers approve these prices. Brokers don’t want to waste their time showing overpriced listings, but sellers often insist on the ultimate price, even if it is not supported with comps.
I know that all of you that think brokers are conspiring to ruin CG will underprice your house when it’s your time to sell…..to right these prior wrongs? Correct??
sorry, 4:21.
my bad.
Brownstoner asks “coincidence or conspiracy”? Definitely NOT a coincidence. Not at all.
4:18–4:04 said “houses” not co-ops.
There are many houses on the market in Park Slope. And most are sitting because they are priced too high relative to the work required to fix them up.
it was my own fsbo, 4:17.
a co-op, not a townhouse.
What Slope house had 40 people on Sunday and 4 offers? I know that the house on 2nd Street priced over $3 million and in great shape is struggling. I’ve been to an open house there twice–very low turnout, and they keep having open houses, so doubt there are offers on that place already.
Doubtful, 4:04.
It’s that inventory in Park Slope is next to nothing.
Been saying that for a while now, but no one was paying attention.
That’s why prices are still holding.
Had 40 people come through an open house on Sunday. 4 offers on the table by 7pm.
I know the market is tanking, but I’m wondering when it’s going to hit Park Slope.
Hmmm…. all this Corcoran action points to some ploy to make their other listings look like a steal. If you compare today’s Adelphi HOTD to these overpriced lemons, if does look like a total deal. Even Boerum Hill looks like a deal relative to these duds.
On a side not, interesting to see that Corcoran has no houses for sale in Park Slope. Nada, zilch. Could it be that Slope owners have tired of them and are using other brokers?