Prominent Real Estate Broker Forecasts the 2023 Brooklyn Market
Updated: Feb 7
Joanna Mayfield Marks, of the Brown Harris Stevens Park Slope Office, is a major influencer in Brooklyn, having recently been nominated by Schneps Media to the inaugural Brooklyn Power List. She is recognized among other community leaders, from Long Island University President Dr. Kimberly Kline to NYC Mayor Eric Adams.
Given her strong presence in the borough, it should come as no surprise that Marks is an expert on its real estate market, for which she sees a bright future in 2023. With inventory low and buyer interest high, she believes now is a prime time for sellers to act on their goals.
"Brooklyn has a special cache that brings buyers from all over the world for our special mix of art, food, and green space that is unrivaled in all of the boroughs. I believe sellers who take advantage of the current atmosphere of low inventory may even do better than some sellers did in 2021." - Joanna Mayfield Marks
For buyers, the current lack of competition in the Brooklyn market can pave the way for success, especially if the buyers are open to being flexible.
"Buyers who take advantage of the current low competition, may get a deal if they are open to a renovation or and neighborhood that may be up and coming."
As a Power List honoree, Marks is being recognized for contributing to what continues to make Brooklyn a sought-after destination in NYC for work, play, real estate, and more.
“The honorees represent what makes Brooklyn tick, and Schneps Media is proud to bring together these individuals, support one another, do business and build community.” --- Schneps Media
For Marks, the recognition underscores her positive outlook for Brooklyn's future in all facets. "2023 is an auspicious year.," she said. "It's the year of the rabbit, and as a rabbit myself, I am excited that we are gathering together again with friends and family and coworkers and enjoying life, museums, art and fine dining. With this wonderful energy, the real estate market continues to be resilient.