Last Week's Biggest Sales
1. MANHATTAN BEACH $3,250,000 290 Amherst Street GMAP (left) 5,058-sf, single-family house on an 11,440-sf lot, according to Property Shark. Entered into contract on 10/21/08; closed on 1/15/09; deed recorded on 1/30/09. 2. PARK SLOPE $2,400,000 383 3rd Street GMAP (right) Back in late May, when this 22-foot-wide, 3,200-sf, four-family brownstone was a House of…
1. MANHATTAN BEACH $3,250,000
290 Amherst Street GMAP (left)
5,058-sf, single-family house on an 11,440-sf lot, according to Property Shark. Entered into contract on 10/21/08; closed on 1/15/09; deed recorded on 1/30/09.
2. PARK SLOPE $2,400,000
383 3rd Street GMAP (right)
Back in late May, when this 22-foot-wide, 3,200-sf, four-family brownstone was a House of the Day, its sellers were looking for $2,695,000. The final asking was $2,499,990, according to StreetEasy. Entered into contract on 8/8/08; closed on 1/15/09; deed recorded on 1/26/09.
3. CARROLL GARDENS $2,225,000
192 President Street GMAP
A House of the Day last June, when it was asking $1,928,000. The listing for the 3,507-sf, four-family claimed it was “priced to sell,” and it seems it was. Entered into contract on 9/18/08; closed on 1/14/09; deed recorded on 1/28/09.
4. PROSPECT HEIGHTS $2,175,000
On Prospect Park/1 Grand Army Plaza, Unit 2J GMAP
2-bed, 2-bath, 2,000-sf unit in the Richard Meier-designed condo, according to StreetEasy. Entered into contract on 2/21/07; closed on 1/9/09; deed recorded on 1/27/09.
5. BROOKLYN HEIGHTS $1,732,328
One Brooklyn Bridge Park, Unit 1132 GMAP
Sale included a parking spot. Entered into contract on 8/13/07; closed on 1/19/09; deed recorded on 1/28/09.
Photos from Property Shark.
Perhaps fewer car sales just means people drive the cars they already have?
Less car sales means more people will eventually gravitate to cities, live off public transportation thus further uphold prices in the best cities in the U.S.
I’m just being silly now.
“Dave, one thing you don’t have to worry about, even as the toilet waters of deflation swirl around your head, is how well I’m living”
Dave I think you better leave The Whuh alone. He just PNWED the living day lights out of you and you had no comeback. It’s scary to think you work for a Hedge Fund Dave, no wonder why we are in this mess. I wished I knew where you worked>
The funny thing is Bear Mafia that it’s going to take a long time before the Retards “get it”.
Ford posts 40.2% drop in January U.S. sales
SAN FRANCISCO (MarketWatch) — Ford Motor Co. (F:1.84, -0.04, -2.1%) on Tuesday reported a 40.2% decline in January U.S. sales to 93,506 cars and trucks, down from 156,391 vehicles a year earlier. Ford, Lincoln and Mercury car sales dropped 35.1% to 28,707. Total trucks fell 40.5% to 61,889 with the flagship F-Series pickup down 38.6%. Ford blamed a 65% drop in fleet sales for the retreat while saying its retail business has stabilized in the past four months. (Ford revised its release to included Volvo sales in January 2009).
We are in a DEPRESSION!!!! 2009 is the beginning of the worst economic times in history.
The What (Godfather of Bear mafia)
Someday this war is gonna end..
That is a good question; if I knew the answer, I could make a levered bet on the long bond crash, and retire a rich man. I don’t know, you don’t know, no one knows. I think we get a much bigger glimpse into the deflation abyss, in the next six to nine months, in response to which the guv goes all in –like, fed balance sheet expansion like you can’t believe –at which point we might get somewhat stable prices for a while. Rampant inflation is two-three years away, I believe. These are all armchair guesses.
“the toilet water of deflation” that’s a great one Whuh.
And when do you think we will move across from deflation to inflation??? Becasue without you having any clue in that regard, you can have no clue as to the actual movement of property prices over the next 2-5 years.
Answer that one specific question.
Re President St sale…i urge readers to check out opinions expressed way back in June ’08 and how off the mark they were/are….i live on 2nd pl between Clinton and Henry…been here 12 yrs…i’m not wildly bullish real estate BUT compared to 12 yrs ago there r far FEWER places on mkt now….i believe local mkt so far has been identical to nat’l mkt, ie, CG houses r currently 25-30% off their highs of Spring ’06-just like national mkt however there r not very many places on mkt….if u want to spend $1.5 to $2.5 on your primary residence you can look at literally tens of thousands of 2 bedrooms in Manhattan that come with monthly maintenance of $1,000-3,000, thousands of 3,000 sq ft homes in Fairfield /Westchester Co vs maybe 20-25 houses in rectangle betweeen Atlantic Ave and Huntington; between Smith and BQE…AND there’s ZERO noise from BQE..we get numb nuts occasionally whaling on their horns on Clinton between 8:00-9:00 am Mon-Fri..that’s all
Dave, one thing you don’t have to worry about, even as the toilet waters of deflation swirl around your head, is how well I’m living.
It’s so true Dibs
I mean we are at least trying to remain calm in this current economic downturn. Yes, we all know house prices have fallen and might still fall a bit, but really none of us are running out of our homes banging pots and pans shouting the sky is falling, the sky is falling unlike many members on Team Bear(not all, but many)
BHO,The What, The Whuh, cornerbodega are any of you homeowners and if so where?
I think the only Sader story is going to be told down in that new Mansion in Manhattan Beach.
😉