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Market Conditions in Williamsburg : Real Estate Advice

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

Activity 9
Sun Jan 20, 2013
Edith Karoline Jasser answered:
I wish we all could have a crystal bowl..... We can make some assumptions, at each area even neighborhoods in various areas could look differently to the professionals.... but since the real estate
industry heavily depends on the economy and employment rates, and the general feeling that things
are moving up and getting much much better, and banks are easier with their lending terms it is
truly hard to tell. Of course if you are talking to Realtors in your area they can pass on some of their
thoughts and expertise.......

In general things should look better and differently at the end of the next 5 years, but in many
areas it may actually take another 5 years for all short sales and foreclosures to be off the market and the builders more aggressively start building....

Just my little input, not being from your area, I hope that others will chime in and give you their thoughts Karen. Take care and be well....

Sincerely yours,
Edith YourRealtor4Life and Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties.
Edith speaks French, German, some Spanish and other.....

@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093
EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com

Check out my website at htttp://www.tinyurl.com/MeetEdithHere and get to know me better and
learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
Check out my website services and so much more and if you need recommendations for local
Realtors, let us know and we gladly make Recommendations......
http://www.tinyurl.com/MeetEdithHere
... more
0 votes 7 answers Share Flag
Sun Jan 20, 2013
Mike Dacko answered:
Send me your email and I'll send you some trends and a market analysis..... You can also pick a building that you like in Williamsburg and I'll send you comps with average price per sq foot. ... more
0 votes 3 answers Share Flag
Sun Jan 20, 2013
Mitchell Feldman answered:
Dear Alligirlnyc:

If you want call me office at 718-797-2222 and we can help you find an apartment. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 4 answers Share Flag
Wed Mar 10, 2010
Ralph Windschuh answered:
I found several new construction condos that had monthly taxes of $180 and common charges of $200 per month. Please contact me if you're interested in possibly seeing these or any other condos available in the area.

Ralph Windschuh
Certified Buyer Representative
Senior Real Estate Specialist
Associate Broker
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
... more
0 votes 4 answers Share Flag
Fri Oct 2, 2009
Edith Karoline Jasser answered:
HiNJgirl,
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
product!

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
EdithSellsHomes@gmail.com
... more
0 votes 1 answer Share Flag
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:
http://www.crainsnewyork.com/article/20090218/FREE/902189969
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 http://www.streeteasy.com 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.
http://www.businessinsider.com/shiller-house-prices-still-way-too-high-2009-2
... more
0 votes 1 answer Share Flag
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
0 votes 1 answer Share Flag
Tue Feb 24, 2009
Gail Hiebert answered:
hello justin. As far as I can see and research in this market, expect no appreciation in any markets this year. Expect decrease in values in most markets. You can do your own research on the internet on this subject. Regards. ... more
0 votes 7 answers Share Flag
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
Homes@LisaRemington-Smith.com
0 votes 1 answer Share Flag
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