Fillmore Real Estate Sales Up for October in Brooklyn

Can you imagine sales being up so much in a month?  I really don’t like to get overly excited but I must admit that we are going to have a hard time not celebrating this month.  It seems like the first time homebuyers are coming out of the woodwork in Brooklyn and the New York City boroughs.  It seems that the lower prices, low interest rates and the government tax incentives have all combined to create the perfect storm for Brooklyn real estate.  Some areas are rebounding stronger than others, with blue collar area offices all enjoying record-breaking months.  The south shore of Brooklyn is on fire as affordability seekers and bargain hunters are becoming hobbyists in these neighborhoods.  Foreclosures and short sales are becoming a larger part of our everyday business.  Seminars are being held weekly that tell the story of how this may be the best time ever to buy a home…and I believe that it really could be.
There is also an interesting phenomenon that seems to be emerging with a second wave of first timers.  These people have seen their friends who previously rented now become owners and they didn’t want to miss out on the opportunity.  Our homebuyer seminars have been going on for months now and we’re seeing that some of our attendees who we met 6 months ago and have bought a home are now bringing their friends.  This is very exciting.

Fillmore’s Canarsie Office, Old Mill Basin Office and Bensonhurst Offices all had amazing sales records for October.  The downtown Brooklyn market is also seeing a nice pick up in sales.  Fillmore’s Fort Greene office had the best month since it’s opening over 6 years ago.

The new tax incentives for not only first timers but also for repeat purchasers is motivating a lot of people that were on the fence.
Although it’s way to early to predict November sales, all indications are that we will hopefully once again break records.
Sales are still down from last year, but they are now only single digits away and there is the possibility that we will come close to last year and we even have a chance to beat it.  You can bet that we’re going to try to beat last year’s sales figures…Can you imagine that this is possible?  I wouldn’t have thought so a few months ago.

I can’t say that it’s the beginning of the recovery, but I can say that we’re all excited in Brooklyn and NYC to see the huge increase in activity.

We’ll keep our fingers crossed and our agents focused and working hard to help people to take advantage of the wonderful opportunities available in this great market.