Open House Picks: Six Months Later
Comment: Wow. First 4-for-4 ever! Open House Picks 1/8/10 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Wow. First 4-for-4 ever!
Open House Picks 1/8/10 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
You have a different notion of support than I do. Mine usually involves an analysis of data bearing directly on the question. Without comps, you don’t know, for example, what a price of $1.2m for the 12th Street house says about the value of the market in the area compared to whatever you claim to be peak.
BHO,
Seller’s can move without selling. They can rent out a townhouse that they own and rent fir themselves somewhere else.
good showing. this vintage was probably the end of that post-lehman bottoming activity. now the bidders aren’t so easy on the ask anymore. and who can blame them, this time frame had some pretty good bidding wars as soon as asks became more realistic.
Specific comps for the above, slopefarm? I have none. But I do have the HOTD database. Most of the listings that didn’t “just hit the market” sit and sit with price reductions, not increases, until they move. It’s commonplace for the properties we discuss here on brownstoner. Either most of them move or their begging prices move (downwards).
Assertion supported.
***Bid half off peak comps***
BHO — once again, where are your comps to show that these asks and sales are down? Support your assertions with data.
“It looks like buyers and sellers got closer in the Spring.”
But buyers didn’t have to “move”. Einstein’s Relativity.
***Bid half off peak comps***
Growl!
You CANNOT have a collapse without sales. 4/4 is bullish when prices are up or down from rising asks but bearish when prices are down from cascading asks. Prevailing asks are the next best thing when comps are unavailable. They continue to fall (580 Carrol notwithstanding) with comps.
4/4 simply means progress towards clearing inventory (listed or shadow) and a race to the bottom. Last one is a rotten egg!
***Bid half off peak comps***
It looks like buyers and sellers got closer in the Spring.
I would bet we see a few more 3/4 and 4/4 situations over the next couple of months as the Spring was very brisk in terms of sales all around the area. All these went pretty close to ask.
Looks like things are really slowing down, though. Might take a while to work its way into the city, but the ‘burbs are starting to stall. Knock-on effect will happen, though.