Last Week's Biggest Sales
Quite a chasm between 31 PPW’s original listing price and what it eventually sold for. 1. PARK SLOPE $2,375,000 31 Prospect Park West GMAP (left) As chronicled in a HOTD post in late July, this 2,800-square-foot one-family was first listed for $3,250,000 in April. There were several price cuts in the months that followed ($2.6…
Quite a chasm between 31 PPW’s original listing price and what it eventually sold for.
1. PARK SLOPE $2,375,000
31 Prospect Park West GMAP (left)
As chronicled in a HOTD post in late July, this 2,800-square-foot one-family was first listed for $3,250,000 in April. There were several price cuts in the months that followed ($2.6 million was its lowest asking), and it went into contract in September. Deed recorded 11/21.
2. PARK SLOPE $1,802,500
239 8th Street GMAP (right)
Per StreetEasy, this 2,920-square-foot, two-family was originally listed at $1,995,000 in late May. There were smallish price cuts in June, July, and this month, before it closed. It last sold for $835,000, in September 2006. Deed recorded 11/19.
3. MANHATTAN BEACH $1,500,000
270 Dover Street GMAP
1,895-sf, one-family built circa 1915, according to Property Shark. Deed recorded 11/21.
4. FORT GREENE $1,406,250
137 South Oxford Street GMAP
3,520, three-family, according to Property Shark. We’re curious about the lack of a listings trail on this one. Anyone know what the story was? Deed recorded 11/19.
5. BROOKLYN HEIGHTS $1,331,670
One Brooklyn Bridge Park, Unit 1008 GMAP
Sale included a parking spot. Deed recorded 11/19.
239 8th Street photo from Property Shark.
I honestly do not care if my house price halves over the next year. I love my home and my monthly mortgage payment is HUNDREDS of dollars less than a comparable rental. With the interest deduction, you’d laugh at how low my mortgage is.
Funny though Ms. Muffet…I’ve now seen 4 other people comment about how they don’t appreciate your comments all that much, so clearly I’m not the only one…
I don’t read her posts anymore. I think I know what is best for me financially. I don’t need to take advice from some poster on a blog, thanks.
11217 – I sold just a few months ago, and in that time, have seen the price drops begin (but just barely – they are starting to accelerate). I rented a modest, albeit nice place with a relatively cheap rent (yes, there are plenty of these, even in prime Bklyn). Trust me, even if I rent for 2-3 years, I will have saved tons off the price drops I’m already seeing for houses in our price range so contrary to your assertion that I’m “throwing money away” in fact I’m saving bundles by renting short-term instead of buying when values are still over-inflated. I have plenty of cash to finance the next house, but am being more conservative in how I spend it, given the fragility of the economy. I’m not the slightest bit bitter or “pissed” since I’m in a very lucky position – just incredulous at the tone of people like you who are the ones who *really* sound angry and bitter as a result of the current market shift.
Daddy knows best. Unless of course he thinks prices won’t tank 25 to 50 percent.
“Good things come to those who wait.”
Aw, my dad always used to say that. : )
“throwing away money on rent”
Wwwooooowwww! You still fall for that garbage? You haven’t heard enough of Miss Muffet. Keep reading her posts please.
Ms. Muffet is pissed that prices are still high, and she bailed and has been throwing away money on rent instead of coming one year closer to paying off the house. Not to mention that Brooklyn prices have increased for the past 2 years even though everyone was saying 2006 was the bottom. It wasn’t until this last quarter that prices finally started to fall. So you missed out on another 10-15% appreciation and you’re bitter, it sounds like.
You don’t sound like a young woman, Ms. Muffet…how do you plan to finance this alleged home purchase when prices bottom?
Actually, urbanization and increased population are based on statistics and study. These things ARE happening.
As for prices, no one knows. That’s the difference. You can say how much prices will drop all you like. You have no idea, nor do I. We DO know however that the world is moving towards urbanization and we DO KNOW that the world’s population is increasing.
Your comparison of these things shows just how desperate you are to convince people of…well…nothing…
“June 29,2009”
Absurd. Prices will bottom when Case-Shiller YOY approaches zero. Right now, it’s moving away from zero. See my post on Tuesday Links. It’s a process, not an event. The implosion is on nobody’s schedule. Deadline? Ha! Could be 2009, could be 2019. Good things come to those who wait.