Corcoran: Prices Generally Up in Q1
Corcoran just released its First Quarter Report for this year and the news is good: Median apartment prices were up nine percent over both the first and fourth quarters of last year. The resale market was quite strong, up 17 percent over a year ago, while prices at new developments fell off 11 percent over…
Corcoran just released its First Quarter Report for this year and the news is good: Median apartment prices were up nine percent over both the first and fourth quarters of last year. The resale market was quite strong, up 17 percent over a year ago, while prices at new developments fell off 11 percent over the same time period. (Average price per square foot at new developments fell from $712 in the first quarter of 2009 to $611 in the first quarter of 2010.) The townhouse data was a little wacky: Single-family prices were down more than 30 percent between Q4 and Q1 while two-, three- and four-families were up by almost the same amount. (Data sample issue perhaps?) Another bullish measure: The number of million-dollar sales in Brooklyn rose over 2009 levels.
BHO, I’ve asked you if you actually know the definition of a Depression since you are the one who uses the word all the time.
it’s clear that you do not.
TYPICAL…you tell me about foreclosures, i asked for a handful of relevant comparables and you ask me for the list. YOU CAN’T COME UP WITH ANY THAT’S WHY.
Pathetic.
“This isn’t 1929, dumbass.”
You goddamn right it aint 1929! It’s 2010 and shit is worse! We produce and export much less. Our whole economy is wrapped around home prices while the stock market is wrapped around mark-to-fantasy accounting. Pathetic. GreatER depression as government deficit-spends well over 10% of GDP to plug that hole. What’s the definition of a depression, DIBS?
“I asked you or one of the other nutjobs for just 5 listings of foreclosures that were “nice”, with new ststems and archtectural detail before and I got NOTHING.”
Give me a list (foreclosures AND preforeclosures) and I’ll find ’em for ya (shout out to Sara Palin!).
Doesn’t matter anyway. Some of us want shells but they’re still begging for 16x annual rent and 4.8x annual income (including rental).
“You’ve got only your own stubborness to blame for so many years as a renter!!!!”
Why blame? Enjoy the pros. One day, there will be times when I will miss it.
***Bid half off peak comps***
Are you two coming to Loki tonight??? How about you, BHO??
Girls, girls, you’re both pretty!
You’ve never presented any factual data, joe.
haha. so true. i feel the same way dave, but i don’t get angry at you.
Trying to educate the uneducatable is a demanding process, joe.
all of the bulls seem so angry…
Well, that prices are up is not universally true in the co-op market in the areas where I am looking. Some buildings I am tracking are up. Some are flat. Some are going back below what they sold for 4-5 years ago.