All of 90 First Place Spoken For
All five units in the conversion at 90 First Place have either sold or gone into contract, according to a press release beamed out yesterday. Two closings happened this week, according to the release, though none had hit public records as of last night. The condo went on sale in April, with prices ranging from…
All five units in the conversion at 90 First Place have either sold or gone into contract, according to a press release beamed out yesterday. Two closings happened this week, according to the release, though none had hit public records as of last night. The condo went on sale in April, with prices ranging from $925,000 to $1.15 million.
90 First Place Knocking Cover Off Ball [Brownstoner] GMAP
DeLepp,
According to reports, NYC area home prices have fallen 21.7% since the housing bust began. Much of that as an initial shock to the system all at once.
So yes, you are correct and anything presented here about A home bought 40% off is strictly anecdotal.
Anyone who looks closely at the market knows it’s not off by 40% generally. In certain submarkets like Harlem and Williamsburg, perhaps yes…but as a whole…not even close.
40% off where? harlem and inwood? When prices are still $1200 square foot in manhattan I think we’re closer to 20% off.
I said buyers reading, not readers buying, pierre.
But damn, 40% off!? Bon Appetit on the peak! Good job!
***Bid half off peak comps***
“the brownstoner reader is far more pessmistic about the market than the actual buying market”
Until buyers become brownstoner readers which, unfortunately, doesn’t happen until they close and have a question in the forum (like “any good lawyer recommendations?” or “broker or FSBO?”).
***Bid half off peak comps***
Posted by: Brownstones Half Off at December 18, 2009 1:14 PM
Hey BHO nothing could be further from the truth. We started reading brownstoner in 2006 and have been bearish all along but we know a good realistic deal when one comes around. We bought a brownstone this year and know two other regular readers who purchased homes as well all in FG albiet at massive discounts.
11217 remember the overwhelming folks who were bearish here predicted prices coming down ~ 30% from peak which has largely happened…as an anecdote we got ours ~40% off. You probably remember the louder bears more like the What but the rational ones have been dead right and continue to do so…especially in Manhattan.
…I take that back, Heather. You’re missing a tall, icey glass of koolaid.
***Bid half off peak comps***
Yes, 7182713, there are always more sheep than wolves. I was in the minority when I called the recession in ’07 and 8,000 on the DOW. This is the 1930’s Redux. Get a clue.
***Bid half off peak comps***
Heather, as I recall the spaces were pretty good, certainly the garden duplex and the top floor apartment.
Miss Muffett, BHO, et al…you guys are the clear minority, admittedly, not wrong yet…
“the brownstoner reader is far more pessmistic about the market than the actual buying market”
Until buyers become brownstoner readers which, unfortunately, doesn’t happen until they close and have a question in the forum (like “any good lawyer recommendations?” or “broker or FSBO?”).
“prices haven’t come off nearly what the reader thought it should have”
Not yet. Is there some kind of deadline or something? “Rrrrrrring! [Looks at clock]. Time’s up! Go away bear market!”.
“the Brooklyn market will go higher”
Not before it goes much lower and stays low for years.
“I’m not rhat familiar with the area, but those seem really tiny to be million-dollar homes. What am I missing?”
Not a thing, Heather.
***Bid half off peak comps***