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Posted on Jun 15, 2019

Ross Evangelista, Licensed Real Estate Salesperson, Berkshire Hathaway HomeServices New York Properties

This slice of market data points to some potential winners in today's real estate environment:

- more choices: favorable time to be a buyer across town, but those looking in Brooklyn are enjoying a huge leap in inventory compared to just one or two summers ago

- luxury “bargains”: buyers and investors with generous budgets are doubly fortunate. Great deals can be had - on price and quality - due to the wide variety of well-built projects coming on at the same time (perhaps, too many?)

- yet....sellers can also be winners. For some, current conditions may present an opportunity to climb the property ladder. Purchase gains can outweigh selling pains for families who upgrade (extra bedroom? outdoor space?), or for the many folks now able to 'afford' a move out of Manhattan to Brooklyn

2nd Quarter data out in a few weeks. More to digest then...
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