Prices Rise on Remaining Units at 47 Dean
Earlier 47 Dean reached that magic milestone of being 50 percent sold; the developer’s feat was all the more impressive for not having accepted any offers below the asking prices. Looks like the developers are feeling even more confident now: prices on the five remaining units have jumped $40,000. Now a larger three bedroom is…
Earlier 47 Dean reached that magic milestone of being 50 percent sold; the developer’s feat was all the more impressive for not having accepted any offers below the asking prices. Looks like the developers are feeling even more confident now: prices on the five remaining units have jumped $40,000. Now a larger three bedroom is $1,240,000 and a smaller three bedroom 1,140,000. Think the market is that elastic?
47 Dean 50 Percent in Contract [Brownstoner] GMAP
the developers of this site very savvy this an interesting sign… this isn’t just about contracts, but about traffic – who is looking, what they are saying
Everyone loves to bring up tulip mania of 1637 – SEE, THIS IS WHAT HAPPENS WHEN YOU HAVE A BUBBLE!! – but rarely if ever does anyone point out that a few years after THAT one burst, the market was once again stable and robust.
As for 47 Dean St, I think it is partly a reflection of the current low inventory. I can’t imagine ever seriously considering living in this ugly p.o.s., but its done well so far.