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Market Conditions in Williamsburg : Real Estate Advice

  • All110
  • Local Info12
  • Home Buying25
  • Home Selling4
  • Market Conditions12

Activity 12
Sat Jun 27, 2015
Jordan Pryce Levitt answered:
I had worked with many buyers in the Edge when the building was new, and have sold several resales in the years since. It is simply the best run building in Williamsburg with fantastic amenities. I would consider it a stable investment for both rental income and ownership. No one has a crystal ball in regards to pricing, but the Edge will hold it's own in comparison to other large buildings in Williamsburg. ... more
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Sun Aug 10, 2014
Joseph Runfola answered:
Hello Katie, unfortunately no, however there are many great gyms to choose from in the area.
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Sat Mar 1, 2014
Joseph Runfola answered:
Hello Charles, is there a price point you have in mind? There are many available condo homes right now here in Williamsburg. I'm sure if you put forth your requirements and your timing many of the area real estate professionals will send you information on available homes tailored to your needs. ... more
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Sun Jan 20, 2013
Rolando Fana answered:
Helo I work in williamsburg all the time if your still looking to rent there give me a call and email and I'll get you something.
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Sun Jan 20, 2013
Rolando Fana answered:
Hello Johagan64 I have all the information you need send me an email and I'll send everything over.
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Sun Jan 20, 2013
Rolando Fana answered:
I dont have a crystal ball but my common sense tells me everything will go up.
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Wed Mar 10, 2010
Joseph Hastings answered:
Hi CmC. Property taxes are not state secrets. Regardless of this being a resale or new construction, just ask the listing broker.

Your question is that of someone who seems to not want to use a broker. I believe that would be a mistake as a broker would get all of your questions answered. If you want to go solo, good luck. ... more
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Fri Oct 2, 2009
Edith Karoline Jasser answered:
I do not know the highrise or the town, but feel I like to mention something, which has little to do with the location and building itself, for that a local Real Estate Agent, may have some more specific and detailed answers for you.

But just generally speaking, when opening a store (And I have done that myself in my area at one point in my life, so I know a little about it!) there are several items that are very important....

Traffic, i.e. how many people pass by the store (high rise you may think plenty, as they are living right there and in that respect you may be right)

What are you selling? Explore the neighborhood, look if there is competition in what you are offering as

Can you be competitive? In other words look at the rent, insurance etc. that this particular location requires, and then look how you have to price your product or services in order to come out with a profit at the end, and once you have determined that test your pricing with surrounding similar stores' pricings, in other words will you be able to be competitive....

I know this is just general information, and hopefully some one from your town who knows not only the building but also the area will be of help with further input!

Good Luck to you! Hooray for entrepreneurs and the courage to start something new!
Edith Karoline - YourRealtor4Life!
Working always in the very BEST interest of her clients
Your Chicago/Northern Illinois Connection and worldwide real estate services
... more
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Wed Feb 25, 2009
Alex-brooklyn answered:
2 words: Denial & Delusional.
Every condo buildings that don't adapt to demand and offer a huge price cut will follow the same path a the "Magic" Viridian:
Anyway, i asked the same question about RE prices in NY and realize after spending a few days on this forum that it's the wrong place to get unbiased answers about the current market.
Most answers you get from RE brokers hanging here are " Buy now or be priced out forever", " Now is the time to buy", "We're hitting the bottom"...
If you're a New Yorker and are a potential buyer, you may have realized that NY real estate prices are mostly driven by Wall street people & their bonuses. If you read the Talk section from you'll get confirmation of what i'm saying. These same investors that have driven the prices up are now realizing that prices are coming down so fast that it may be time to unload to limit the damages. Not many of these people are gonna buy real estate this year, i tell you that.
Any broker telling you that the RE prices reached bottom is lying to you. For 2 properties selling they are 4 new coming on the market. Inventory is growing everyday and it's not being a genius guessing that prices still have a long way to drop until the market starts to become healthy again.
Personally, i'm on the side line and wait until i feel like seller give up resistance and accept my offer at 45% below peak price. You just have to be patient but this time will come.
... more
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Tue Feb 24, 2009
Marty C answered:
Mon Aug 25, 2008
Phillip Rosen answered:
Bump. Somethings have changed, but not much. There is still a massive divergence between the avg. price per square foot and all trulia listings. There is also a major discrepancy between the median sales price and all other numbers.

Can anyone explain these?
... more
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Mon Dec 3, 2007
Lisa Remington-Smith answered:
The market in Williamsburg is good. There is a nice selection of properties on the market right now.

Lisa Remington-Smith, ePro
Associate Broker
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