Open House Picks: Six Months Later
Comment: Maybe the first time we’ve gone 4-for4! Open House Picks 4/16/10 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Maybe the first time we’ve gone 4-for4!
Open House Picks 4/16/10 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
don’t forget that those must have gone into contract last spring and the ones that caused the bump to sales data that were posted earlier
But nobody can get a loan. Just like “somebody” wins the lottery, at some point the day was bound to come that all four six month picks sold.
It must be the Europeans. Or maybe the Yugoslavians? Or perhaps the lost Aztecs have returned and are diversifying out of gold.
Flight to quality. Brooklyn is perceived as quality. Less room for maneuvering at the low end simply because people now think it’s normal to buy a house — any house! in Brooklyn for about a million…. so anything less than that is, (ahem), a bargain!
Will it last? I am bearish often, but I think it will. As long as Brooklyn is fashionable, and, face facts — it is extremely fashionable right now.
That is impressive that they got over 2mm for a duplex in a brownstone. The asking on a lot of the higher end places were more what the seller wanted to be able to get, not what the market rate was. Didn’t we just have a brownstone in Park Slope that people said wouldn’t sell but ended up going over asking price?
“Can’t wait to see BHO spin this one to say that it doesn’t matter that all these sold, but that they took a reduction from the asking price.”
why would BHO say anything? One must be a idiot to think this is bullish but a crook to spin it this way
There are still idiots with money out there.
I’m sure BHO will mention the next round of upcoming Wall Street layoffs.
Who else has this kind of cash to spend in a frigging recession?
Obviously the bubble has yet to be popped.
I just don’t understand paying over $2 million for 1/2 a brownstone when you can get an entire house in the same neighborhood for less than that. Even factoring the cost of a renovation, I’d much rather have my own house, backyard, rooftop deck and not worry about sharing maintenance decisions, and everything else with another family. I can see the appeal of a big lofty apartment in a full service building, but as long as you are settling for brownstone living, if you have $2.2 million to spend, why wouldn’t you want your own house and not a condo?
Warren Street was listed at $3.5M with a smallish vacant lot to the left (east) of the building; wonder if they sold the row house only? Pretty sure it was only on the market 30-40 days.