Open House Picks: Six Months Later
Comment: Reality finally setting in for sellers? Open House Picks 1/16/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Reality finally setting in for sellers?
Open House Picks 1/16/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
One weird thing about the 9th Street house is that it came out of the gate at 1.895 about a week or so ago and then almost immediately INCREASED the price by $50K – what on earth were they thinking?
M4L – yeah, am noticing that too. Unfortunately we aren’t in the market for 2million dollar homes(more like under 1 mill)
I think the 16th house was a total coup for the sellers. The house has good bones, but needed a lot of renovating and reconfiguring as it seems the 4th BR was tiny and you had to walk through one bedroom to get to it!
g10, the pace of the price chops means you should plan to rent for more than a yr b4 even thinking about buying something (ie prices likely to still be dripping away).
unless someone was tracking that 6th st house, the 50k reduction is hardly noticeable when you’re talking about a 2M+ house. I think the biggest obstacle on that 6th st house is it’s a 1 family (ie cuts off some buyers who need that rental income to carry mortgage)
I feel bad for the owners of 14th street
am sure something happened that they were forced to leave after just buying the place hence the rental
I wonder how much they were able to get in rent….
And 448 6th is actually a really beautiful house. I’m sure that in the bubble in would have sold in the mid-$2 million range. It’s very unique. The only real negative I can think of is the living room wall that was removed to make it more open and spacious (since it’s a 17-footer). It just doesn’t really look right (although it’s a common modification in many narrow brownstones). The rest of the house is gorgeous. It needs some updating, of course, but nothing major.
how much was that place rented for?
agreed wtih CG
it seems that many agencies (Warren Lewis & BHS) more than the others can’t seem to face reality and reduce the prices. Corcoran seems a bit more agressive
Wow. $630,000 (so far) is quite a reduction for 6th Street. But there are still plenty of houses – particularly BHS listings it seems – that have been sitting for months at ridiculous asking prices (as posters here have noted).
448 6th is actually listed at $2.149 million now. The price was reduced last week.
Don’t understand why they bothered switching from BHS to Corcoran. Switching agencies doesn’t sell the house–reducing the price sells a house.