Open House Picks: Six Months Later
Comment: Lower prices but at least some deals are getting done. Open House Picks 11/14/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Lower prices but at least some deals are getting done.
Open House Picks 11/14/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
> “The economic numbers have stopped deteriorating.”
LOL. Good one, Dave.
but 1.5 is just the most recent ask, not the contract price, and the 1.75 was six months ago, so it’s not a “peak comp”. plus, I don’t think BHO is calling a bottom yet. so leave the poor guy alone. he’s doing God’s work here.
1st street will close well below 1.5
Seller really needs/wants to get rid of it.
(1.5 – 1.75)/1.75 x 100% = -14%
And yet nowhere near half off!!!!! The economic numbers have stopped deteriorating.
Yes, Red Hook place looks lovely.
“An identical house just down the block on 1st Street sold for $1.75 million in 2006. That year is pretty close to the peak of the market…the question now is how far off of the peak are we now. I guess we will find out when this house goes to contract.”
Posted by: Brownstonebabe at November 18, 2008 11:22 AM
(1.5 – 1.75)/1.75 x 100% = -14%. Pretty damn correlated with the NY Case-Killer index.
***Bid half off peak comps***
death by a thousand cuts…
wait for the 2nd shoe to drop on the economy when everyone realizes there’s no 2nd half recovery.
Ok – well I always loved that Red Hook house – so am happy they got a bit over their asking price
cute house – great little area over there
What’s up with State Street – I mean you would think 850K could move this,right?
Wrong link again