Last Week's Biggest Sales
1. PARK SLOPE $2,200,000 449 Sixth Street GMAP This 20-ft wide, four-story brownstone is divided into 2 duplexes. It was a House of the Day back in February, when the asking price was $2,300,000. Average Reader Appraisal was $1,894,589. Entered into contract on 3/9/10; closed on 6/30/10; deed recorded on 7/16/10. 2. PARK SLOPE $2,198,500…

1. PARK SLOPE $2,200,000
449 Sixth Street GMAP
This 20-ft wide, four-story brownstone is divided into 2 duplexes. It was a House of the Day back in February, when the asking price was $2,300,000. Average Reader Appraisal was $1,894,589. Entered into contract on 3/9/10; closed on 6/30/10; deed recorded on 7/16/10.
2. PARK SLOPE $2,198,500
62 Prospect Place GMAP
When this gorgeous four-story Queen Anne was House of the Day in April, we thought the asking price of $2,150,000 was pretty spot-on. Average Reader Appraisal was $1,932,609. Entered into contract on 4/1/10; closed on 7/1/10; deed recorded on 7/15/10.
3. CARROLL GARDENS $2,125,000
72 Second Place GMAP
This 5-story brownstone was House of the Day in December, after its price tag was inexplicably raised from $2,350,000 to $2,499,000. Average Reader Appraisal was $1,894,919. Entered into contract on 2/18/10; closed on 6/30/10; deed recorded on 7/14/10.
4. BROOKLYN HEIGHTS $1,850,000.00
71 Pierrepont Street, Unit #1 GMAP
According to its listing, this 2,499-sf “duplex condo offers 3-4 bedrooms and 3.5 renovated baths.” Asking price was $1,900,000. Entered into contract on 5/26/10; closed on 6/24/10; deed recorded on 7/14/10.
5. COBBLE HILL $1,725,000
46 Cheever Place GMAP
This brick home, configured as a duplex plus two floor-throughs, was House of the Day in February, after its price was lowered from $1,975,000 to $1,800,000. Entered into contract on 4/15/10; closed on 6/25/10; deed recorded on 7/12/10.
Photos from PropertyShark.
Etson, no one has ever died of an earthquake in Palo Alto. Even if there were any danger from wood frame two story houses, it doesn’t matter because all the engineers have retrofitted their own specially designed foundations.
Dave, I’m sure my dad is wondering why I didn’t marry a vc or at least a ceo.
Prices out of whack with rent/income fundamentals are not healthy.
***Bid half off peak comps***
“continue to base your market analysis solely on sale price to ask price of the same property”
Solely? No. Partly? Yes. I’m under the impression that most of today’s asks undercut comps. Falling comps. Got data to the contrary? When comps rise, that 5 or 10 percent close below ask will also rise.
A comprehensive comp map/timeline is not conveniently available per property/block/hood (would be a killer feature here on brownstoner). Yes, I’m lazy. And/or busy.
***Bid half off peak comps***
Higher chance of dying in an earthquake in Palo Alto as well..
wow, very strong stats
I think these are very healthy prices
however I really would have thought the Queen Ann house would have sold for more!
mopar, there’s a very high likelihood that your daughter might marry a private equity/ VC guy in Palo Alto. it is the VC global epi-center.
Palo Alto is about 55,000 residents and is 34 miles from San Francisco (car required)
Park Slope is 65,000 people and 1 mile to Manhattan. (no car required).