No Sleep Till….

This Sunday’s NY Times reported that there are bargains in Brooklyn! This just after Crains reported that home prices in the borough were up. Ah, to be fair, although prices have risen, the article states that fewer homes have sold.

So what does this mean for you if you’re looking to buy? It means you may be able to grab that $1.1 million brownstone in Bed Stuy for $950k like Josh and Mary Dennis did. Or nab a new condo in Greenwood Heights for 5% below ask, which would be a million for a 1915 square foot duplex.

The areas you’ll find the most bargains are those that are hurting due to foreclosure, such as Bed Stuy, Bushwick and East New York. There are also condo bargains to be had in neighborhoods that have been overbuilt, such as Williamsburg and Greenwood Heights, which is on the fringe of the fringe of Park Slope South.