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July 23, 2007
Open House Wrap
Anyone make it to any of the Open House Picks this weekend? See anything else particularly interesting or horrendous?
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I guess everyone's on vacation. I went to a few, thinly attended open houses. It seems like crap is priced the same as quality, but the rare quality properties in move in condition seem to be going very fast. I have heard from many brokers that people are waiting for September to put things on the market, so perhaps the summer doldrums are a real thing (I've been looking in BS, CH, PLG, in the sub-million brownstone market). It seems like they're trying to get rid of excess inventory before the fall, but sellers still don't want to cut prices or make deals. So overpriced stuff is sitting.
Posted by: anonymous at July 23, 2007 11:54 AM
Totally agree, slim pickings out there and prices are high. Summer doldrums seem to have hit long before August.
Posted by: A at July 23, 2007 1:03 PM
it's a week before august.
Posted by: anon at July 23, 2007 2:02 PM
The market has become more reasonable. Out of 3 places I saw in the slope, I liked the price and space on all three. That is crazy: for months everything felt overpriced and competitive.
The sign-in sheet was full for one perhaps because of the sandwich board they stuck on 7th ave, but quiet for the other two.
There isn't a lot of listings, but buyers seem to realize they don't have to scramble over each other anymore to get something.
This is in the 750-1m range, if that matters.
Posted by: Anonymous at July 23, 2007 2:03 PM
2.03pm ... that 7th ave sign/OH must have been waaay south slope, yes?
Posted by: Anonymous at July 23, 2007 2:14 PM
is 8th ave way south slope now? I didn't think it was.
Posted by: Anonymous at July 23, 2007 6:58 PM
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