Last Week's Biggest Sales
1. COBBLE HILL $1,518,000 202 Warren Street GMAP (left) This house was pitched as follows: “Excellent investment or live in opportunity! This 4 story 4 family landmark house is located in the heart of historic Cobble Hill, on a beautiful tree lined street. The house offers original details, wood floors, a spacious backyard, new windows,…
1. COBBLE HILL $1,518,000
202 Warren Street GMAP (left)
This house was pitched as follows: “Excellent investment or live in opportunity! This 4 story 4 family landmark house is located in the heart of historic Cobble Hill, on a beautiful tree lined street. The house offers original details, wood floors, a spacious backyard, new windows, a new roof and good mechanicals.” According to StreetEasy, it was first listed for $1,995,000 in May ’08. Entered into contract on 5/25/09; closed on 8/17/09; deed recorded on 8/20/09.
2. BOERUM HILL $1,516,500
238 Wyckoff Street GMAP (right)
When this 2,736-sf brownstone was an Open House Pick in March, it was listed for $1,700,000. StreetEasy shows the price being reduced to $1,625,000 in April. Entered into contract on 6/30/09; closed on 8/5/09; deed recorded on 8/17/09.
3. SOUTH SLOPE $1,475,000
465 13th Street GMAP
The price on this 3-story brownstone was cut a couple times: From $1,775,000 to $1,650,000 to $1,585,000 in April, when the appraisal widget clocked in at $1,293,276. The sellers bought it for $1,300,000 in 2006. Entered into contract on 5/26/09; closed on 8/10/09; deed recorded on 8/18/09.
4. SUNSET PARK $1,180,000
832 48th Street GMAP
This is a 3,000-square-foot, 4-fam, according to Property Shark. Entered into contract on 6/28/09; closed on 8/5/09; deed recorded on 8/17/09.
5. BATH BEACH $1,180,000
8669 Bay 16th Street GMAP
This is a 4,224-sf, 3-fam built in the late ’90s, according to Property Shark. Entered into contract on 7/25/08; closed on 3/24/09; deed recorded on 8/20/09.
Pics from Property Shark.
gemini–sorry, wasn’t trying to single you out. And yes this is a blog where one is supposed to express their opinion. That you think they overpaid is certainly a valid opinion but somehow to say that they are “dumb” is a different beast to me. Nobody knows the circumstances of the buyer and their finances. To them they made the deal they wanted to make and I just find it a bit presumptuous to say they are dumb. But really I think you are cool and I followed your sales process with fingers crossed for you so peace right?
“how many times do we hear from Miss Muffet over and over about how every single property in Brownstone Brooklyn is overpriced by 500k, even when she’s been proven wrong time and time again.”
*******
She’s not wrong until we hit the bottom. Since we’ve seen nary a price uptick, we have not.
In a declining market (are we still really arguing if that’s what we’re in?), today’s price is a short-lived phenomenon.
If you’re willing to buy now and sit through it, good for you. Doesn’t mean you won’t owe more than your property is worth in a year or 2 like millions of other homeowners.
Good lord.
CG_ups, you’re off your game today. think you meant post that on the OT
i’m with the people who were still curious to try out der schwarze koelner (sp?). am free this thursday too!
Oh! Just posted about it in the OT Sebb.
What: But but but but those numbers are just a short term blip!
Someday this war is going to end….in Detroit.
mopar : Here you go
National home prices declined once again in the second quarter of this year compared to the same three months last year, but the pace of decline appears to be slowing, according to the S&P/Case-Shiller Home Price Index data released today. Home prices nationwide dropped 14.9 percent year-over-year in the second quarter. But the year-over-year drop in the first quarter was 19.1 percent, according to the data. The report reveals “hints of an upward turn,” said David Blitzer, chairman of S&P’s index committee. In New York, the index recorded an 11.9 percent drop year-over-year. But it posted a 0.4 percent gain between May and June this year. Month-to-month, home prices have been improving overall nationwide. The index’s 10-city and 20-city composites both posted their second consecutive monthly increases
mopar: The only 2 declining markets were Detroit and las Vegas.
mopar, I’ll tell you what I paid for it at the next gathering and let you tell me if I’ve lived up to my super bargain hunter rep.
antidope, all buyers “want” to buy cheap and/or have a great bargain. he/she who doesn’t “want” that is ficticious or is lying. Me wanting to buy a nice PS house for <$1M doesn’t mean I won’t buy anything unless it gets there. When prices go up, I’ll look around to see what houses I can afford then buy.
on interpretting facts, I make an interpretation of today’s facts and a guess of what’s to come in the very near future (ie next 1-3 months). I don’t go preaching here’s the trend and what it means next yr, 2 yrs,….