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]
lechacal: If you disagree with me that the United States has no industry outside of Nyc than i really feel for you. Unless you consider being a construction worker or real estate agent industry? I mean come on this country produces nothing and if you don’t get it then ohh well.
Lechecal: I read sebb for the comedy, and wish he/she posted more often.
> “for people who have maxed out of their unemployment benefits,
> where / how are they counted when all these employment metrics are quoted?”
Answer: They aren’t counted. Real unemployment numbers are much higher than the whitewashed stats that the government provides.
Sebb, I try to maintain a lot of decorum, but really, your post is one of the most astonishingly dumb things I have read in a long time. If I thought your post resonated with a single reader other than yourself I would take time to point out the many ways you continue to lower your standing and credibility. I’m not sure “Team Bull” (many of whom are very smart people) are even comfortable being associated with you.
for people who have maxed out of their unemployment benefits, where / how are they counted when all these employment metrics are quoted?
You are a better shrink than I am, DIBS.
sixtears…the What is obsessed with anything anal. It probably started at a very young age and was reinforced during his incarceration years.
> “the unemployment number today was better than expected”
Yes, the new claims number was a little lower, however, according to MarketWatch: “Continuing claims remained at record levels, the data show… It marked the 13th week in a row during which continuing claims levels have increased.”
lechacal: If you think we have problems with our banking industry you should go look around the country and see what problems they have. They don’t even have a finance industry , as a matter of fact they have no industry unless you consider farming.