Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,200,000 32 College Place GMAP (left) A 2,820-square-foot, single-family house, according to Property Shark. Entered into contract on 12/9/08; closed on 2/11/09; deed recorded on 3/20/09. 2. COBBLE HILL $2,300,000 17 Cheever Place GMAP (right) This 2,488-sf two-family hit the market in June, listed at $2,750,000; the price was subsequently decreased to…
1. BROOKLYN HEIGHTS $3,200,000
32 College Place GMAP (left)
A 2,820-square-foot, single-family house, according to Property Shark. Entered into contract on 12/9/08; closed on 2/11/09; deed recorded on 3/20/09.
2. COBBLE HILL $2,300,000
17 Cheever Place GMAP (right)
This 2,488-sf two-family hit the market in June, listed at $2,750,000; the price was subsequently decreased to $2,575,000. The house had been “meticulously gut-renovated to perfection,” according to its listing; the sellers bought it for $1,130,000 in early ’06. Entered into contract on 11/10/08; closed on 3/6/09; deed recorded on 3/16/09.
3. PROSPECT HEIGHTS $2,000,000
210 Prospect Place GMAP
This 3,633-sf, single-family townhouse was first listed for $2,495,000 last summer; the price was dropped to $2,250,000 in October. As noted in a House of the Day post, its owners gave it an extreme makeover. Entered into contract on 2/5/09; closed on 3/10/09; deed recorded on 3/19/09.
4. PARK SLOPE $1,620,824
520 8th Street GMAP
This 3,000-sf, three-family last sold for $999,999 in late 2007, according to Property Shark. Entered into contract on 3/6/09; closed on 3/6/09; deed recorded on 3/18/09.
5. CARROLL GARDENS $1,575,000
356 President Street GMAP
This 4,500-square-foot house was listed for $1,820,000 when it got House of the Day treatment last November. Entered into contract on 1/19/09; closed on 3/10/09; deed recorded on 3/18/09.
Photos from Property Shark.
Price on Cheever looks very good – considering sq ft price – and that although totally renovated I don’t think will win any awards for design nor does it really look that ‘highend’. But to be fair I’m only looking at few pics and in person maybe super great.
The President St house on the other hand showS weaker market.
That area previoUsly would sell 3200sq ft’ers (this is over 4000) needing work for $1.6-$1.8. And the pics on this show nice orig detail remains (which is not too frequently the case in CG)
That College Place sure appears to be a sweet little street.
“No one’s getting a brownstone in BH for $800-1,000,000 like what many Team Bear members are hoping for.”
Agreed. No way things fall that far.
“You will see an uptick in sales in the next Douglas Elliman report because of the low interest rates.”
Quite possibly. But that won’t stop prices from continuing to decrease.
“The sky is not falling.”
Agreed.
No one’s getting a brownstone in BH for $800-1,000,000 like what many Team Bear members are hoping for. You will see an uptick in sales in the next Douglas Elliman report because of the low interest rates. The sky is not falling.
“This is what I like to see…sales entered into contract in 2009, after the stock market took a 40% dive in 2008. Team Bear will come back with statistical analysis saying that this is not a random sample and all that crap.”
Eh Retard, What happens when the Bond Market implodes?
The What
Someday this war is gonna end…
Team bear will come on with all their math and their logic and their data… Well to hell with them.
Dave, as a member of “team bear,” I am not particularly surprised that last week’s biggest four sales were, well, big. And even if these prices go down 10% (resulting in a 50% loss for anyone who puts 20% down), the prices will still be big. This is New York City. Prices are always going to be high. But in a year or two they will be less high then they are now, and right now they are less high than they were six months ago. No amount of exclamation points will argue that away.
No one prices their house at the proverbial 10% above what they realistically expect to get. These prices are still very encouraging.
I’m off for a lunch meeting…talk among yourselves.
again – houses ARE indeed selling and while the prices were reduced from the original ask, the sale price is still VERY hefty!
20-25% price drops all around.
Keep clapping, DIBS, but I think the bears are winning here.