House of the Day: 1692 11th Avenue

Slow season for houses, right?

12 HOTD have gone into contract in December
1. 5/19/09 Prospect Park SW; sold -1% from widget.
2. 5/21/09 169 State St
3. 6/11/09 1600 Dorchester Rd
4. 7/29/09 156 Hicks St
5. 8/12/09 20 Grace Ct Alley
6. 9/1/09 694 E 17th St
7. 9/14/09 591 2 St
8. 9/28/09 59 St Marks Ave
9. 10/15/09 295 Pacific St (this bud’s for you m4l; waiting on price)
10.10/28/09 136 Hawthorne St
11.11/5/09 119 Ft Greene Pl
12.11/24/09 471 Decatur St; sold 12/5/09 (obviously sold cash at 6% above widget)

And that is the evidence on the surge, doubters.

those are freshly minted contracts.

i have been tracking hotd since the widget came into our world. i began as an exercise to refute the overzealous negative opinions being expressed both in comments and in the supposedly predictive widget. point made and (mostly) accepted, i now track out of curiosity.

i posted the other day, somewhere, about the stats so far. here is an update to include many of the list above.

Thru 12/1/09 (from 3/31/09) there have been 136 HOTD.

25 have sold.
20 are in contract.
side note: occasionally a house will seem to have been pulled and then pop up as sold, so 45 may understate the activity level a bit.

that's 33%, which is higher than the 'six months later' thread seems to indicate.

***my point is that 25% of that movement has occurred in the last 2 weeks alone***

bring it on doubters and skeptics ;)

i am perfectly capable of making mistakes, but i'd like to be corrected rather than go on fishing expeditions. it's also possible that propshark is missing them. i've mostly relied on acris (to confirm sales) and streeteasy (to track contracts). again, the list of 12 above are contracts and wouldn't be in acris or propshark until they close (except for 1. and 12. which have both closed).

wrench in the spoke, speculators.
that would make me a competent realtor.
how do you explain that oxymoron? (cue any 'stoner: there's no such thing.)
i am an interested participant in bkln real estate who'd rather rely on actual data points than hyperbolic opinions and predictions.
this website is quite useful, once you've parsed the wheat from the chaff.
tracking hotd is not much better than anecdotals but in light of the paucity of data, it is better than nothing.
if you don't like the numbers i can stop posting them or you can skip through them.
fwiw, all the information i gather is right there at your finger tips (acris, streeteasy, 'stoner, propshark).