Bidding Wars Resume

Because new condos are so scarce in Williamsburg?

In some cases, scarcity, or even the perception of scarcity, can spark bidding wars. At the Rialto, a new 31-unit condo in Williamsburg, Brooklyn, sales started 14 months ago. The building had its first bidding war in August, when there were only seven units left; two more bidding wars followed in October.