Your 2024 Q3 Property Market Report & Must-See Property Sales

Casey Soloff (Compass Real Estate Agent) walks us through the latest markets update; plus this week's Top Property Picks around the neighborhood (Park Slope, Prospect Heights, Windsor Terrace, Gowanus

Oct 18, 2024

∙ Paid

2024 Q3 Property Market Report

This week we welcome local resident Casey Soloff, a Licensed Real Estate Salesperson with Compass, who breaks down the latest Q3 property market report and explains what all the numbers really mean:

“Looking back at Brooklyn this past quarter, you would never suspect that interest rates, after a steep two year climb to their 23 year high, finally began their much anticipated descent. Or that the real estate business underwent a shift that could change the way property is bought and sold for the foreseeable future.
No. If you read the latest market report, you would assume it was business as usual. Prices across the borough continued to tick up incrementally, again. Luxury apartments outperformed the rest of the market, again. Condos continued to shine, while co-ops and houses lagged behind in the number of units closed. Again.
…
Of course, the biggest news of the quarter happened on September 18th, when the Federal Reserve lowered interest rates by 50 basis points, down from the highest they’ve been in 23 years.
Since then, mortgage rates have gone… up?

Find out why in Casey Soloff’s 2024 Q3 Property Market Report: Click here to read the full article

This Week’s Must-See Property Sales

Whether you’re planning your open house weekend, or just want to keep a pulse on (or take a peek at) what the real estate market looks like, here are our real estate listings for this week focusing on property sales of 1-5 bedrooms.

This week there are some good deals < $1M in neighborhoods surrounding Park Slope: Prospect Heights, Gowanus and Windsor Terrace.

I use StreetEasy as the listing source to recommend properties that I would live in myself, and have searched within the boundaries of Park Slope and surrounding neighborhoods (Gowanus, Windsor Terrace, Prospect Heights). All prices are per month, and only listings in the last 14 days are shown unless there is a significant price drop. All sales jargon has been magically removed ✨

Looking to promote your listing here? (All promotions will be clearly labeled as SPONSORED)

Email info@parkslopeliving.com for more info!

Photo credits: Streeteasy listings

1 bedroom

659 De Graw Street #1: $975,000 (Co-op)

1.5 bed 1 bath

In a building of 4 Units, 3 Stories; 1920 Built
Private garden
Wood-burning fireplace
Pets allowed
Appliances: Dishwasher, Washer/Dryer, Central Air
Monthly costs: $1,096 maintenance

44 Prospect Park West #C1: $899,000 (Co-op - JUST LISTED)

1 bed 1 bath

44 Prospect Park West, Brooklyn, NY, 11215 photo #1 of 13

Right across from Prospect Park
In a building of 55 Units, 6 Stories; 1940 Built
Pet-friendly
Appliances: Dishwasher
Monthly costs: $1,389 maintenance. A current assessment of $406.25 ends in Dec 2024 will be paid by the seller.
Building amenities: Doorman, Elevator, bike room
A 2% flip tax applies, shared equally between the seller and buyer (1% each).

2 bedrooms

456 Prospect Avenue #3R: $775,000 (Co-op)

2 beds 1 bath

790 ft²
In a building of 8 Units, 4 Stories; 1931 Built
Cats welcome
Appliances: Washer/Dryer
Building amenities: private storage space in the basement, bike storage in progress
Monthly costs: $660 maintenance

132 Prospect Place #3R: $825,000 (Co-op)

2 bed 1 bath

In a 12-unit building
Pet-friendly
Appliances: In-unit washer/dryer allowed
Building amenities: common roof deck with city views, bike and stroller storage, in-building laundry
Monthly costs: $1,320 maintenance

295 Saint Mark's Avenue #2B: $899,000 (Co-op)