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]
No, not really.
DOW—if the prices go way down in the next 6 months I will man up and make a similar comment to what you wrote above. Nicely done, and no I am not being sarcastic.
A Guest–you don’t think its relevant to this particular discussion to note that the “prescient” What stated that these houses would never sell?
Once again Biff baiting The What and even recycling his old comments. This site is becomming more about The What than it is about informed discussion about Brooklyn real estate.
Park Place–same boat here and I agree that it will be interesting to watch sale prices over the next few months. I signed the contract in July and will close next week so we are a little faster than you, and we did get a few hundred thousand off the original ask (approx 20% off original ask) but it is not clear to me whether or not I could have gotten this same house even cheaper in a few more months. I will never know of course and it is a fruitless task to think about such things but still, it is healthy for even for those of us who have recently purchased to be realistic.
Fair point, Park Place. I respect your objectivity. Real time does not exist in RE.
Like a lot of others here, I’m living out my long term confidence in Brooklyn by having sold an apt here and sunk a whole lot more into a full house where we plan to live hopefully for a long time.
However- it’s worth pointing out that the closings in June, July, August are really reflecting contractual obligations from March, April, May-
I closed in May after a Dec contract, and even then, the market feelings had changed pretty dramatically, and the price I was obligated to pay was probably higher than the house would have commanded at that point in time.
I think it will be really interesting to see what the closings are like 3-4 months from NOW, as this is so far the worst point of the year in the housing news, stock market, bank bust cycle we’re going through.
I guess us bears better be careful for what we ask for (6ML threads)!
WOW! Real Estate is King!
1.82 million for a 3-story house in Prospect Heights!
Amazing.