Open House of the Day, 8/31/07: Six Months Later
This Sunset Park property, listed at $799,000, was the sole open house pick last Labor Day weekend, and it didn’t languish on the market all that long. Open House of the Day: 451 37th Street [Brownstoner] GMAP P*Shark
This Sunset Park property, listed at $799,000, was the sole open house pick last Labor Day weekend, and it didn’t languish on the market all that long.
Open House of the Day: 451 37th Street [Brownstoner] GMAP P*Shark
the market is still on fire.
obvious from this and the “just sold” section.
750K for a 1 bedroom in Carroll Gardens?
250K over ask last week for a house in Park Slope?
770K for a house in Sunset Park?
And you think the market isn’t healthy?
What would be healthy then?
Hey tWhat,
Why don’t you paraphrase the articles you link to?
I know you’re a constant battle with your keyboard, but a link to a 10 page article filled with nomenclature just makes you look lazy and lends no weight to your argument.
Juts trying to help you become more poignant.
Very good point about asking prices. In most of the country, even during the height of the boom, asking prices are (were) generally optimistic. It’s expected (in other places) that you’ll bid under ask, with a little room for negotiation.
In this case, the sale was for about 4% under the ask. I’d say the seller and buyer were probably satisfied with the outcome. Only in places like Silicon Valley and Manhattan would it be seen as a “defeat” for the seller…
I have to say that Sunset Park is looking better and better in the long run. These are manageable houses for well under $1 mil, with great details. It’s also just far enough out of the way for gentrification to happen slowly. Now, if they can just rip out some of the graves in Green-Wood and put in a few dog runs…
11:43 again, for a 2 bedroom condo
I noticed a lot of condo open houses in Carroll Gardens and CGWest this Sunday on Craigslist. Anyone know anything about these places? Are those prices standard ($519,000+)?
Hey folks!! What about now??!!! The credit market is getting assraped now!!! Governments around the nation are paying 20% to borrow money!!! Some towns are going into default and State budgets are being slashed!!!! I hope you fuckers stick around for the ride, strait fucking down. I bet these assnutts who bought this house is underwater now, write about that shit!!!!
Here ya go read this shit. Where are asshole going to get the money to buy overpriced shit??!!
http://www.bondbuyer.com/printthis.html?id=20080221COQ2NM19
The What
Someday this war is gonna end…
I bid decently over ask on that house, was outbid, then was called up a month later that the higher bidder had fallen through. I had found a place in the meantime and passed. Had been told there were five bids at or over ask. So I guess they had to go pretty far down the ladder to find someone who would actually take it. Nice reno, great yard, great block and express transportation. But the house was very small, no more than 1800 sft. And if the bowling alley ever sells out at the end of the block, you’d be in condo shadows for all eternity. Still, a pretty good deal at 770k.
I don’t understand why this tells us anything. “Below ask” does not mean this sold below-market. It surely sold for higher than recent comps on that block. I can say that without even having to look. That’s the info Brownstoner should be providing when asking for analysis on sales of former HOTD’s. Not how much had to be knocked off the asking price.
The asking prices on a lot of houses are a bit random, and people always aim higher not lower. It’s only very recently that the strategy of pricing lower has started to be used in Brooklyn. We’ve seen big differences in asking price on similarly sized houses to ours in our own neighborhood (which is not Sunset Park). There have been attempts to get a crazy amount of money that didn’t fly, then they finally lower the price.
I, asshat at 11:21, stand corrected. Mmmmm…my words are delicious.