House of the Day: 193 Washington Park Price Cut
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months…
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months of no love from buyers, the asking price for the 6,500-square-foot brownstone overlooking Fort Greene Park was cut last week to $3,625,000, a price that still seems like a stretch in the current environment. Think there’ll be any takers for the 25-footer at this new price?
193 Washington Park [Corcoran] GMAP P*Shark
House of the Day: 193 Washington Park [Brownstoner]
In another 6 months we’ll be having a different conversation. Where is the bottom?
comp=comparable
What’s a comp?
No matter what the market does, this house is waaay overpriced. That’s the simple truth. It’s overpriced in general, and it’s overpriced based on comps in ALL of FORT GREENE! I’m a buyer, and since I’m looking to live in my house for a very long time, I’m NOT trying to time the market. However, this house doesn’t even enter into my equation because it is so arbitrarily priced. And yes, Mr. Broker and Mr. Owner, I can afford this place. But I’m not a sucker. I’ve done my research.
-Manhattan buyer
7:21 Answer: They will be renting then too. Renting from me and my investment properties.
http://www.urbandigs.com/
nice article on brooklyn real estate
7:00 Always save the best for last. The first two links were for those who think prices are either stable or still heading north. They are not. The first link has a link below the graph for the 115 year average.
http://mysite.verizon.net/vodkajim/housingbubble/shiller_graph.gif
Not sure what to make of this myself, but using the Cyclone is a good reference.
Yeah, whiners go home!
The significant cut in the prime rate is very favorable for the real estate business. It will help with the sub-prime problem.
The federal reserve’s move can therefore be said to have a dual purpose: shore up stocks and help the real estate markets.
Next question?