Brownstones, Co-ops Outperformed Condos in Q4
The median sales price in Brooklyn has been in decline for five consecutive quarters, according to Douglas Elliman’s Fourth Quarter Market Overview. The median figure dipped below $500,000 in the fourth quarter of 2008 for the first time since the first quarter of 2006. Average prices were down 5.2 percent from a year earlier and…
The median sales price in Brooklyn has been in decline for five consecutive quarters, according to Douglas Elliman’s Fourth Quarter Market Overview. The median figure dipped below $500,000 in the fourth quarter of 2008 for the first time since the first quarter of 2006. Average prices were down 5.2 percent from a year earlier and 2.8 percent from the prior three months. Perhaps more noteworthy, the number of transactions plummeted from 3,222 in the fourth quarter of 2007 to 1,846 last quarter; the rate of decline has been increasing for the past year. The only good news: The median sales price of brownstones in Northwest Brooklyn rose 12 percent; co-op prices were also up slightly. Update: This flu must really be going to our heads—as one commenter points out, these reports have been out for several weeks. The Manhattan 10-Year report is the new one. Oh well.
The only thing we have to fear is fear itself.
Team Reasonable = Sneaky Transition to Team Bear
The transition progresses with the red data. By the time they get to Team Bear (all fearful and shit) I’ll be on Team Bull, cleaning up in Bed Stuy for half off or less.
***Bid half off peak comps***
I would expect nothing less. I think that this time we might even venture into shots!!!!
Happy to meet at the far end of the bar, but can I drink unreasonably?
jackal…we are not very far apart on our respective views at all. I welcome you to my team, whatever it is.
I don’t think there’s anyone on a team here that might think prices are going up. It was Team Bear that charaterized us as Team Bull.
Team reasonably will meet at the far end of the bar.
chicken—I’ll send one over pronto!
you owe me a new keyboard wasder – mine has got coffee on it now…
“The Jackal is on my squad!”
Hey! Me too! He is an esteemed member of Team Reasonable of which I am a member.
Team Reasonable We Go Reasonably!!!
***Bid Half off new login names and personalities***
OK, BHO…here’s your 12:24 post….
“The only good news: The median sales price of brownstones in Northwest Brooklyn rose 12 percent; co-op prices were also up slightly.”
p”(t) < 0.
***Bid half off peak comps***
Posted by: Brownstones Half Off at March 3, 2009 12:24 PM
Wishing for half off won’t make it so. Your rent was due yesterday.