Open House Picks: Six Months Later
Comment: Are these sellers living in some other planet? Open House Picks 4/3/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Are these sellers living in some other planet?
Open House Picks 4/3/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
“Keep trying to talk the market down though…I’ve gotta admire your tenacity. ”
We don;t need to talk it down, it’s doing a mighty fine job of it on it’s own. Every sale below ask, and most listings not selling….
Those are the facts, not a rant.
All of chest pounding today, no?
Anyway, I’ve just slogged through the comments above. I also was struck by the “$300,000” for a Brooklyn Heights townhouse in 1995. That sounded unlikely to me. I can’t remember anything being at that price. But maybe there was. I wish I had known if there had been…Maybe I’d be “BrooklynPromenade” today.
As I remember, at that time, peopl were paying half a million dollars for houses that needed a lot of renovation in Park Slope. You might have found a Fort Greene standard brick rowhouse in 1995 needed a complete rehab priced at $200,000 give or take. In the better area Prospect Heights, the houses were going for $300-400+ around that time they definitely seemed to be approaching $500,0000.
By 1998-9, when Fort Greene started getting more and more “services” (the main one being the opening of the Atlantic Mall with Caldor, Pathmark, etc. in 1996). We were just starting the eventual tidal wave of restaurant opening…Anyway, by about 1998-9, a decent rowhouse that needed some work but was livable might have gone for nearly $600,000. In the last ten years, yes, that selling price has more than doubled while Fort Greene has become one of the “IT” neighborhoods of NYC (yes, there’s been “gentrification” all over NYC but Fort Greene has seen stellar change). I’m sure the Fort Greeene house that sold just shy of $600,000 in 1999 would still sell for $1,700,000-1,800,000 today despite the downturn.
WAIT!!!,
We in fact can quoth the Meatloaf for these places, I’ve got it:
“So don’t be fooled, cuz none out of four ain’t GOOOOOOOOD…”
“Big townhouse with carriage house is supposed to be representative?”
Um, it sold for 2.5 million in 1995.
So you think a smaller one without the carriage house sold for 300K?
Jeez, you are digging yourself a hole there.
BHO,
Notice BH76 said unrenovated houses in BOREUM HILL and Cobble Hill were going over over 400K from 1990-95.
Boreum Hill is a far cry from Brooklyn Heights, and already the homes were 100K over what Bklplebe was saying was the norm, for Brooklyn Heights in 1995.
You two have been PWNED!
“most were unronnvoated”
What’d the renovated ones go for, IYHO?
***Bid half off peak comps***
“This article from the NYT from January 1997 does not seem to support your assertion about home prices in Brooklyn Heights in the mid 1990’s.”
And things are rarely what they seem. Your data is for record prices “at the time”. Not the median/average. Big townhouse with carriage house is supposed to be representative? C’mon, 11217. Dig a little deeper. And still, if I give you these record prices “at the time”, they’re still not too far outside my range (big house and horsey pen notwithstanding).
Leave the towel where it is – “I don’t give two rats asses”.
***Bid half off peak comps***
bho, where’s zero? i’d like to understand your math but i don’t get it. c/s is flat to slight uptick for 4 months. why do you insist that 12 months is holy grail? that is not a math equation but an unfalsifiable declaration of truth. seems conservative (and maybe appropriate for most new entrants) but effectively backward looking.
I’m looking forward to the responses to the New York Times article I posted about Brooklyn Heights prices IN THE MID 90’S from Bklplebe and BHO…