Brooklyn Home Sales & Prices Dropping Like a Rock

Elaine — Fri, 11 Jul 2008 12:51:11 +0000

According to an article posted on the New York Post Website, home sales in Brooklyn have dropped sharply compared to the same time last year. “They’re down a staggering 43.6 percent in the last 12 months” the article states.

The article futher adds that some of the hardest-hit neighborhoods in Brooklyn are Crown Heights, East New York and Bedford-Stuyvesant, where the number of sales dropped 53.7 percent and median prices plunged from $561,350 to $499,902.

What does this mean for you? If you plan on selling a property in Brooklyn it means that you’ll be getting less money then you would have a year ago. If you’re serious about selling, putting your property up for sale at the correct price is essential. For a comprehensive evaluation of how much your property is worth right now, fill out my Home Evaluation Form. Its free and there’s no obligation.

If you’re planning on buying, it means a property in Brooklyn, in Crown Heights or Bedford Stuyvesant in particular, are more affordable then ever. Its a great time to buy! If you’re interested, use the form below to set up an appointment so we can get the ball rolling and get you into your new home.

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Brooklyn Real Estate Q&A and Info » Brooklyn House Prices Down

Brooklyn Home Sales & Prices Dropping Like a Rock