30 So. Portland In Contract 'Significantly Over' Asking
The headline says it all. According to a broker familiar with the situation, 30 South Portland Avenue, a four-story brownstone on Fort Greene’s most desired block, is in contract for “significantly over” the asking price of $2,600,000. Another data point suggesting that there’s still strong demand for quality properties in areas like Fort Greene and…
The headline says it all. According to a broker familiar with the situation, 30 South Portland Avenue, a four-story brownstone on Fort Greene’s most desired block, is in contract for “significantly over” the asking price of $2,600,000. Another data point suggesting that there’s still strong demand for quality properties in areas like Fort Greene and Park Slope where there’s little perceived risk of the neighborhood going downhill? Maybe. Of course, the fact that 224 Washington Avenue was just just reduced by another $110,000 to $1,685,000 flies in the face of that theory. That one’s looking cheap now, don’t you think?
House of the Day: 30 South Portland Avenue [Brownstoner] GMAP P*Shark
Our money is worthless.
Brownstones in Fort Greene are selling for three million dollars!
Your savings are worthless.
A million dollars does not buy much and yet it is still real real hard to make or save a million dollars.
The aristocracy has all the money.
The rest of us will eat dirt.
from august 11
http://www.nytimes.com/2007/08/11/business/apee-fed.html?_r=2&oref=slogin&oref=slogin
sorry, but you are wrong, 1:04.
here’s one article of THOUSANDS in August about what was happening then…it began in July actually.
http://populareconomicsweekly.blogspot.com/2007/08/week-of-august-13-2007credit-crunch.html
12:57–no effects were really visible until around October, and the shit didn’t hit the fan until later. There was no angst on the street then.
thank you, 12:57.
i remember hearing a ton of credit crunch fallout in august.
people just can’t admit they are wrong on this website.
ever.
12:19 — you’re wrong about the mortgage climate in September — crisis was in full swing, credit was tight, rates were up. I went into contract on June 15 and closed in early August, and watched rates creep up a point and a half in the interim, all because of the mortgage issue. Congress held hearings on this issue in April — it’s been stewing for a long time
credit crunch started in august
Brooklynnative –
here’s the link to then WSJ article
http://online.wsj.com/public/article/SB119638554201808816.html
There is NO comparison between 30 South Portland and the Washington Ave house. Absolutely no comparison. Aside from the fact that 30 SP went into contract before our little recession, I would definitely say that if you have a special property, it will do well in ANY market. So to all the potential sellers of really nice houses: put it on the market! Don’t wait. You’ll still get a great price.