Where Will Sellers Get What They’re Asking?

With peak spring listing season upon us, buyers and sellers in New York City may be wondering how well homes are selling in their neighborhoods, and whether those homes are likely to go for more or less than the asking prices.

It may help to look at a recent report from StreetEasy that examined selling prices across the city last year, focusing on homes in Manhattan, Brooklyn and Queens that were initially listed in March, April and May of 2018 and sold by Feb. 1, 2019. (Areas where fewer than 15 homes sold were not included in the report.)

The trend is not good for sellers. Overall, 70 percent of the homes listed sold for below their asking price. That’s up from 62 percent in 2017 and 61 percent in 2016.

Neighborhoods with more expensive homes (like Flatiron and Battery Park City) did the worst, although desirable pockets of Brooklyn (like Fort Greene and Carroll Gardens) seemed to defy the trend.

The following are the 10 areas where the greatest share of homes sold for over asking price, and the 10 where the smallest share did, along with the total percentage of homes that sold in each.

Sahred From Source link Real Estate

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