current market south brooklyn

I've just started looking here, but I don't think so. The more high-end parts of Brooklyn (Brooklyn Heights, Cobble Hill, Park Slope) are more on par with Manhattan, and areas like Boerum Hill are quickly catching up. I moved here over a decade ago, back when you wouldn't dream of crossing Smith Street for real estate, and now those blocks are just as lucrative. But watch out for Atlantic Yards! I looked at a coop that I knew was only two blocks from where the construction would start, and the realtor pretended he didn't know. Then again, his opinion of the view of the low income housing projects from the apartment windows was that "they won't ever build anything else there." Now that's a relief - nothing to take the place of the drug dealers and prostitutes! Thank god part of Brooklyn will never get gentrified.

I haven't yet expanded my search to the Park Slope area, but Prospect Heights seems to have a lot of interesting and reasonably-priced properties.

more on par with Manhattan,

What does that mean? That is a sellers market?

The question was "like the rest of the country" as if Brooklyn was more like suburban Texas or Pennsylvania than Manhattan. The supposed drop in prices that nobody has noticed in Manhattan hasn't been seen in some Brooklyn neighborhoods, either.

bid low, bid low, bid low......

REPEAT

bid low, bid low, bid low......

Hi #5, glad to hear your voice again. Do you think its a good idea to bid low on a popular place like Park Slope? If the coops and condos are on 2nd floor & below, they seem to go pretty fast.

I don't think it's quite a buyers market yet, but I do think the winds of change are blowing. The real question is can those areas support $1k per square foot in the future. Seems possible, but hard to know for sure. With all the AY condos coming on the market, will multiple thousand condos increase supply far faster than demand? Condos are sitting on the market for many days now, I don't think it was that way 1-2 years ago.