CROWN HEIGHTS — Get ready to bid, home hunters.
Properties in Crown Heights and Prospect-Lefferts Gardens are regularly selling above their asking price, according to a report released Thursday from the real estate search site StreetEasy.
The company found that in the second quarter of 2015, homes in Crown Heights sold for about 2 percent higher than the asking price, and in Prospect-Lefferts Gardens, buyers were snapping up homes for 1.4 percent more than the seller asked.
The median sale price in Prospect-Lefferts Gardens to $604,000 in the second quarter, the report found. In Crown Heights, the median sale price was $834,965.
The findings are part of a larger trend in Brooklyn where, in 11 different neighborhoods, sellers are getting more than they asked for.
The two most competitive neighborhoods, the report found, were Park Slope and Prospect Heights where sale prices were 4 percent above the asking price.
StreetEasy’s data scientist Alan Lightfeldt said the area around Prospect Park is “the most competitive in the city,” warning potential buyers to expect bidding wars in those areas.
“It's the rule not the exception to pay higher than what sellers are asking. Buyers will be outbid, so prepare for that [and] be resilient,” he said.
Bidding higher than the asking price is more common these days in “emerging” neighborhoods like Crown Heights, Compass broker Eugene Litvak told DNAinfo. He said buyers who are used to prices in “prime neighborhoods” see a deal in less expensive places.
"Although the price might be psychologically high for that neighborhood, it might be lower than you were expecting to pay," he said.
