Open House Picks: Six Months Later
Not sure how 401 Park Place went for over ask, but here’s the Acris documentation to prove it. Overall, some respectable results, don’t you think? Open House Picks 3/7/08 [Brownstoner]
Not sure how 401 Park Place went for over ask, but here’s the Acris documentation to prove it. Overall, some respectable results, don’t you think?
Open House Picks 3/7/08 [Brownstoner]
Can anyone comment on 401 Park Pl? As a PH homeowner I’m curious to know what took this house over the top. I believe this is on the Underhill/Washington block — which isn’t quite as prime as Vanderbilt/Underhill.
Thanks Miss Muffett. For the last few years, before and after I bought in BH, I’ve been watching the home prices of family sized apartments / brownstones in BH and PS. As a casual observer and not someone actively looking to buy, I really haven’t seen that much of a softening. However, it sounds like you have lots of first hand observations on price changes and how sellers are responding to offers these days, so I’ll take your word for it.
Congratulations on your good timing with respect to your sale and best of luck in finding your dream home.
FatLenny, I like you, but let’s be realistic. DOWhat’s not going away whether he’s being baited or not. He will exist regardless and has shown nothing will keep him away, including his own self-proclaimed disdain for this site. Either way, I wasn’t trying to bait; I just found it very amusing to go back and view his outlandish comments on these homes in light of what they sold for. I guess I take some warped pleasure in calling him out on his failed predictions. It’s like a cyber Shoot-The-Freak game I suppose.
A Guest, I’m not going to apologize for going off topic. I often post on topic and I don’t see anything wrong with throwing out some non-related questions and comments from time to time and having a bit of fun. People that are offended by it need to chill. It’s a blog for goodness sakes! We aren’t trying to save the world here. Don’t attack me and I won’t attack you.
Oh, and the price cuts I was just quoting were properties in *prime* Park Slope. DOW, what I meant is that up until this past spring, all the brokers we were working with were still very optimistic about the market, and some even questioned our decision to sell before buying. Just in the last few months, however, all the brokers we know are conceding times are getting tougher, and say we did the right thing to have sold, and of course they love us as potential clients since we have cash in hand, and are not needing to sell a current property that may get considerably under ask (nor do we need to get a huge mortgage which is also much more difficult now than a few months ago). And friends of mine who have to sell are also bracing themselves for accepting less than hoped (though again, still a lot of money since prices are not plunging…)
Biff – we looking in PS and also considering surrounding hoods. As I said, prices are still high, and there is a stalemate among some sellers and some buyers, but this past year was the first since we started following market closely (around 2000) where I saw sellers relent and in some cases make big price drops if they really want to avoid market lingering. It happened to friends of mine – one had to reduce her townhouse from nearly 2mil to 1.75, another her apt from 850 to 790 – and another glaring example is a house featured several times on this list on PPW (around 1st St I think) – it came out of the gate priced by Corcoran at 3.2, and after several rounds of price cuts, wound up at 2.6, though now is with another realtor for around 2.2. There are many other examples I could cite (Brown Harris Stevens has several recent townhouses that had to make significant price cuts, accept lower offers, or were simply taken off the market) which by all accounts, are showing a clear trend. Our decision to sell our previous place before buying a new one was complex, but in retrospect, I think we lucked out since I would not want to currently be in a position of having to sell fast (and in our case, we still needed a good price for our apt to buy a house). If we’d bought many many years ago, of course, we’d still have made a killing, even in this market, and even with the kind of price declines that are starting to happen.
Well Biff, I may add nothing, but I rarely detract from a topic (as you do, when you give The What the attention he needs.)
And your same arguements that I’m adding nothing to this topic are silly and childish. I remember coming here 6 months to a year ago and enjoying what you, dave, montrose morris and the usual regulars had to say about the real estate market in brooklyn. Now it’s turned into “_____ sold for over ask, the what’s wrong lol!!”
Sadly, Brownstoner has become more lowbrow than Curbed, which is sad since all their brooklyn posts are trolling about park slope stroller moms and williamsburg hipsters.
Agree with pierre de taille even if it should be “bon weekend.”
Agree with Guest. Stop baiting the cancer. He’s the parasite that only exists if you pay attention to him. We all know his insights are limited to the headlines on his Yahoo page, so why encourage that loser?
Wow these numbers are sure as hell interesting and even encouraging for some. Prices in Forte Greene specifically continue to amaze me (pleasantly:)
We are of the belief that the really prime areas of Brooklyn i.e PS, FG, BH, CH, etc will withstand the current crisis easily. However I do agree partially with the naysayers that “fringe” hoods will depreciate significantly i.e. >20% albeit gradually.
So yes Brooklyn will be fine depending on the hood.
Adieu et bonne weekend.