Manhattan 'Still a Party'; Hangover for Williamsburg?
All is more or less well in Manhattan real estate, according to the second-quarter market reports. Big-ticket developments like the Plaza kept the average sales price on the island at $1.67 million, only a 1- to 3-percent dip from the record prices last quarter. There are some signs of softness, however: Inventory is up, and…
All is more or less well in Manhattan real estate, according to the second-quarter market reports. Big-ticket developments like the Plaza kept the average sales price on the island at $1.67 million, only a 1- to 3-percent dip from the record prices last quarter. There are some signs of softness, however: Inventory is up, and studios and one-bedrooms are getting harder to sell. Nevertheless, Corcoran Group President Pam Liebman says It is still a party, we are just not serving Cristal. Corcoran, the only major brokerage that features sales data for Brooklyn in its quarterly reports, found that co-op and condo prices in our borough rose 5 percent in the first half of 2008 compared with a year earlier, to an average of $621,000. In Williamsburg, however, the average price fell by 26 percent. And Corcoran’s numbers showed the average price of a single-family townhouse in Brooklyn was down 17 percent, to $1.2 million.
Apartment Sales Remain Vigorous in Manhattan [NY Times]
Photo by racoles.
Really 9:52. Name one street that’s all single family houses!!!!
9:35 another spectacular article you are a genius…Fringe neighborhoods maybe in trouble but prime brooklyn with one or 2 stops to downtown will hold values…
There has been some good discounts out there right now… This is a good time to test the market and throw some offers out there…
You keep sitting in your little bodega apt in FRINGE NEIGHBORHOOD of CLinton Hill and enjoy…
Most of Brooklyn is single family houses, although Corcoran’s franchise (and therefore its data) isn’t very representative.
Why do you have to post twice What?? Credibility issues???
Eh Asshats.. Before you blow the all clear signal, I thnk you should look at this.
Manhattan Second-Quarter Apartment Sales Drop Most Since 1998
http://www.bloomberg.com/apps/news?pid=20601087&sid=a05lmF8fkldM&refer=home
July 2 (Bloomberg) — Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation’s most expensive urban housing market.
Yeah yeah, everyone is moving to Brooklyn! This suppose to be the “Nu Manhattan”, yeah right.
BTW The housing bulls are losing some steam! Lookie here!
Deepening Cycle of Job Loss Seen Lasting Into ’09
http://www.nytimes.com/2008/07/02/business/02jobs.html?_r=1&hp&oref=slogin
Plummeting home prices have in recent months eliminated jobs for hundreds of thousands of people, from bankers and real estate agents to construction workers and furniture manufacturers. Tighter lending standards imposed by banks in the wake of huge mortgage losses have made it hard for many Americans to secure credit — the lifeblood of expansion in recent years — crimping the appetite of consumers, whose spending amounts to 70 percent of the economy.
Ok Asshats! Mission Control is losing touch with the Space Station! You will see it crash down to earth, Game over…..
The What
Someday this war is gonna end..
How many single family townhouses are there in Brooklyn? It’s either condo/co-op or multi-family dwellings.
Eh Asshats.. Before you blow the all clear signal, I thnk you should look at this.
Manhattan Second-Quarter Apartment Sales Drop Most Since 1998
http://www.bloomberg.com/apps/news?pid=20601087&sid=a05lmF8fkldM&refer=home
July 2 (Bloomberg) — Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation’s most expensive urban housing market.
Yeah yeah, everyone is moving to Brooklyn! This suppose to be the “Nu Manhattan”, yeah right.
BTW The housing bulls are losing some steam! Lookie here!
Deepening Cycle of Job Loss Seen Lasting Into ’09
http://www.nytimes.com/2008/07/02/business/02jobs.html?_r=1&hp&oref=slogin
Plummeting home prices have in recent months eliminated jobs for hundreds of thousands of people, from bankers and real estate agents to construction workers and furniture manufacturers. Tighter lending standards imposed by banks in the wake of huge mortgage losses have made it hard for many Americans to secure credit — the lifeblood of expansion in recent years — crimping the appetite of consumers, whose spending amounts to 70 percent of the economy.
Ok Asshats! Mission Control is losing touch with the Space Station! You will see it crash down to earth, Game over…..
The What
Someday this war is gonna end..
would love to see the neighbohood break down
WEEEeeeeeeee!!!
Here we go down the coaster.