Douglas Elliman Q1 Report: Down and Downer
Not surprisingly, prices and volume in Brooklyn were both down in the first quarter of 2009 versus both the Q4 and Q1 2008, according to the latest market report from Douglas Elliman. The median sales price fell to $474,600 from $490,000 in the prior quarter and $527,000 a year earlier. Likewise, the number of transactions…
Not surprisingly, prices and volume in Brooklyn were both down in the first quarter of 2009 versus both the Q4 and Q1 2008, according to the latest market report from Douglas Elliman. The median sales price fell to $474,600 from $490,000 in the prior quarter and $527,000 a year earlier. Likewise, the number of transactions was 1,186, down from 1,846 in the fourth quarter and 2,761 in the first quarter of 2008. The median price declines were consistent across all property types: Condos (-8.6%), Co-ops (-11.4%), 1-3 Family (-10.6%), Luxury (-9.2%). East Brooklyn was by far the hardest hit, with median prices plummeting 25% year-over-year. Townhouses in Northwest Brooklyn fared pretty badly, too, with median prices falling to $1,087,500 from $1,287,500 in the fourth quarter and $1,200,000 a year earlier.
Market Reports [Douglas Elliman]
“If you promise to do this, What, I will definitely show up at the next Brownstoner gathering!’
Be careful on what you ask for ENY! At this time all the major stock markets around the world will be crashing!!! I don’t think anyone will be up to party.
The What
Someday this war is gonna end…
Everyday, hannible???
Oh dear, speaking of embarrassing, the BearSebb has arrived.
Go Team bear Daveinbedsty. Everyday that goes buy you home in bedsty losses 5000 dollars in asset value!. You must have negative equity by now. Your moment of greed collection has arrived!
“I want to wear my M.C. Hammer pants and dance to “You cant touch this” at the same time tossing packs of Skittles!”
If you promise to do this, What, I will definitely show up at the next Brownstoner gathering!
sebb, you don’t get out much, do you?
We remain the #4 exporter in the world (if you count the EU as one economic unit):
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2078rank.html
Ohhhh seeeebbbbb…
Microsoft, Boeing, Intel, all of Silicon Valley & Rte 28, the oil belt…how much more need I add.
Honestly Sebb is so stupid, I don’t even think his comments are for real anymore.
This HAS to be for comedic value only.
If not, boy belongs on the short bus.
Snark, thx. that’s what I suspected cause I was expecting continuing claims would’ve passed 6M earlier and thought 7M was around the corner (ie 600k+ were fired each wk for many wks already).