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.
Is the Whuh…the What?
am confused
DIBs, for someone who claims to have worked at a hedge fund, your grasp of numbers is a bit concerning. I hope you weren’t responsible for any returns. Yikes.
You have one deal struck in a closed community for at a price point outside the scope of most ordinary housing stock and the rest are deals struck before the current environment.
Look, none of this points to prices going down, but none of it is evidence of prices being maintained either.
This market is playing out almost exactly as conventional wisdom of a severe market turndown would predict it would. Slowing of actual deals, building of inventory, RE markets are 9 months behind the stock market, actual sales prices being the most severe of lagging indicator, etc.
It definitely doesn’t mean that the downturn is a fait accompli. Maybe the bulls are right that there are factors in Brooklyn which make it less susceptible to the economic environment. But the arguing that data points are evidence that the slowdown isn’t happening when they also fit the model for the most simplistic downturn environments is pretty naive.
And that is relevant to this discussion how???????
The data collected on these sales is factual. Your head is jingling with noise that seems to distort your perception of what reality actually is.
Are you related to the Whuh???
don’t you just love it when an “intellectual asshat” can’t even read the whole passage he is responding to?
conclusion: “any conclusions drawn may be wrong”
Don’t you just love it when an “intelllectual wannabe” does a cut and paste and then can’t actually show relevance or come to a conclusion?
Selection bias (e.g. Berkson’s bias)[1] is a distortion of evidence or data that arises from the way that the data are collected. It is sometimes referred to as the selection effect. The term selection bias most often refers to the distortion of a statistical analysis, due to the method of collecting samples. If the selection bias is not taken into account then any conclusions drawn may be wrong.
Posted by the Whuh…”I know Dave is a macro genius, but even he understands that for someone to buy houses at these prices, they need to have the money to do so.”
Posted here in this thread about these houses actually closing. They must have had the money to do so, ya think.
God, what a moron.
Slopefarm…funny this is…my attorney actually said to me…this isn’t as rare as you might think!
Definitely would like to hear about this handwriting analysis!
A little suspicion goes a LONG way. I remember thinking for 3 days that the seller was in on it, MY attorney was in on it and thought the whole world was out to get me! Ha.