Open House Picks: Six Months Later
Comment: Looks encouraging. Open House Picks 8/6/10 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Looks encouraging.
Open House Picks 8/6/10 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
I actually put in an offer that was accepted on 178A for substantially less than ask.
However, the owner was able to get a mortgage mod and keep the house.
I am encouraged! Am I a vulture buyer? I guess I am.
It’s also interesting to me that the 2 listings that went in contract had price cuts 4 months prior to entering contracts. There is a certain momentum to markets, so trades that occur at 15-20% below peak are much better (from my point of view) than stalled/pulled out listings.
Antidope, general mkt is doing pretty well. but the vulture type deals do pop up but those are rare. saw 1 a month ago but someone beat me to it.
m4l- and not encouraging for vulture buyers???
why is 23rd st interesting? To me it’s a perfect peak-to-current, single-family comp of BK, ex-brownstone belt. 20% off. (note that the date of peak close was 11/07, exactly 3 months after national real estate market first went KABOOM in 08/07)
single family in brownstone belt, btwn 10-15% off.
but of course anyone jumping in now is just catching a falling knife.
Dude, of course encouraging for the sellers
Encouraging for who, and how so?
Interesting on the 23rd st house, from $1.395K in 2007 to $1.125K in 2010, about -20%. We’ll just have to wait on the other two. As to the one on Stuyvesant Ave, it wasn’t a serious effort to sell: a fully-occupied Section 8 building priced as if it were vacant and move-in ready.
Hey Mr. B.,
In the spirit of constructive criticism… for the Six Months Later feature couldn’t you re-post the images and text (and add the update comments re: sold/in contract/etc) rather taking a screen grab that appears shrunken and blurry?
Not a big deal, cause you can follow the link back to the old post, but it doesn’t look good to my old weak eyes.