Bay Ridge Home Prices Down
The economy keeps plummeting and now Brooklyn home prices are finally falling! Our Bay Ridge homeowners can no longer call for the $750,000 single family or $900,000+ multi family homes. We’re in a recession and no one is buying! I go to a lot of Bay Ridge & Dyker Heights Open Houses and it’s nice to see the same home MONTHS later for a lower price on Craigslist. That means an agent wasn’t able to sell and now the buyer is attempting to sell the home.
Do you think an obnoxious real estate agent would dare say to me, “Location, location, location” this weekend. Nope. I don’t think so either!
It’s about time that the market corrects itself and for those of us Brooklynites who have held on to our wallets in hopes of getting a good price, the time is coming. It’s going to be a cold winter and home prices will continue to fall through the Spring. Obama will come in office in January, but he will not be able to change the economy for over a year.
Bay Ridge, Park Slope, Dyker Heights and Downtown Brooklyn will see some fair home prices coming.
If you happen to have a BayRidge or Dyker Heights home with a driveway for sale, let me know. I’ll come and take a look!
Hugs,
marlene
Topics: Brooklyn | 8 Comments »
December 14th, 2008 at 2:44 pm
It’s cold outside, maybe you need to find one with a shed for sale.
December 15th, 2008 at 3:53 am
I’m afraid it was only a matter of time- the daily news KILLS demand. You guys have been immune for over 2 years. Charlotte had been immune thru this past summer before prices began falling in late summer. We need a housing stimulus, In January, in a big way.
Terry in Charlotte NCs last blog post..Charlotte NC|Home Prices up Since 2006, Says Case- Shiller
August 18th, 2009 at 5:53 pm
We are all hoping that the real estate market very soon!
August 18th, 2009 at 5:56 pm
We are all hoping that the real estate market will return soon!
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December 9th, 2009 at 10:41 am
Thank You for sharing
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