While a significant portion of listings -- roughly 33 percent, according to Streeteasy.com -- saw price cuts last month, there was an increase in sales and many brokers started elevating asking prices to enhance their units' image, to leave room for haggling or because they thought the market was turning around. Upwards of 850 homes in Manhattan sold in August, according to figures compiled by The... [more]
While a significant portion of listings -- roughly 33 percent, according to Streeteasy.com -- saw price cuts last month, there was an increase in sales and many brokers started elevating asking prices to enhance their units' image, to leave room for haggling or because they thought the market was turning around.
Upwards of 850 homes in Manhattan sold in August, according to figures compiled by The Real Deal using Streeteasy.com data, up from approximately 760 deals made a month prior. Almost 5 percent of all Manhattan homes on the market last month, the data shows, saw price increases; those price changes averaged 6.4 percent
http://therealdeal.com/newyork/articles/time-to-raise-residential-prices-depends-on-whom-you-ask-neil-binder-diane-levine-manhattan[less]
Response by nyc_observer
almost 17 years ago
Posts: 93
Member since: Aug 2009
Good, then inventory will pileup and eventually push prices lower.
Ignored comment.
Unhide
Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008
> to leave room for haggling
Didn't they try this trick 6 months ago? Lot of help that was.
So, they're raising them so they can lower them. Great sign....
Lets not ignore the rounds of data on discounts from asking...
Ignored comment.
Unhide
Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007
here's one example. my guess is that they don't need to sell.
http://www.streeteasy.com/nyc/sale/445645-coop-25-sutton-place-sutton-place-new-york 11/02/2005 Previously Listed in StreetEasy by Corcoran at $6,800,000.
09/26/2006 Corcoran Listing is no longer available. Last priced at $6,500,000.
08/18/2009 Listed in StreetEasy by Sotheby's International Realty, Inc. at $6,800,000.
08/27/2009 Price decreased by 15% to $5,800,000.
09/15/2009 Price increased by 17% to $6,800,000.
Ignored comment.
Unhide
Response by urbandigs
almost 17 years ago
Posts: 3629
Member since: Jan 2006
got a piece on this done, waiting to publish tomorrow
Ignored comment.
Unhide
Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007
UD, if you're going to the SE meetup you need to go make your request for a full bar again.
Ignored comment.
Unhide
Response by truthskr10
almost 17 years ago
Posts: 4088
Member since: Jul 2009
here's another haggle special;
StreetEasy History
09/09/2008Previously Listed in StreetEasy by Prudential Elliman at $2,500,000.
02/12/2009Prudential Elliman Listing is no longer available. Last priced at $2,349,000.
03/25/2009Listed in StreetEasy by Prudential Elliman at $2,200,000.
05/31/2009Listing is no longer available.
08/22/2009Re-listed by Prudential Elliman.
08/22/2009Price increased by 9% to $2,400,000.
http://www.streeteasy.com/nyc/sale/443372-condo-1623-third-avenue-yorkville-new-york 01/03/2008 Previously Listed in StreetEasy by Citi-Habitats at $750,000.
05/28/2008 Citi-Habitats Listing is no longer available. Last priced at $740,000.
10/15/2008 Previously Listed in StreetEasy by Corcoran at $685,000.
12/19/2008 Delisted temporarily by Corcoran.
01/27/2009 Previously Listed in StreetEasy by Prudential Elliman at $627,000.
04/21/2009 Prudential Elliman Listing is no longer available.
08/06/2009 Listed in StreetEasy by Corcoran at $599,000.
09/15/2009 Price increased by 4% to $625,000.
Ignored comment.
Unhide
Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007
you really have to wonder how much of this is client driven. i'd guess a lot.
Ignored comment.
Unhide
Response by truthskr10
almost 17 years ago
Posts: 4088
Member since: Jul 2009
StreetEasy History
02/12/2009Listed in StreetEasy by Brown Harris Stevens at $1,190,000.
03/04/2009Price decreased by 16% to $995,000.
05/01/2009Price decreased by 10% to $895,000.
06/16/2009Listing entered contract.
08/19/2009Listing is no longer available.
09/09/2009Re-listed by Brown Harris Stevens.
09/09/2009Price increased by 7% to $959,000.
Love the first 3 words of the ad...."REDUCED TO SELL!"
Ignored comment.
Unhide
Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007
new construction resale. maybe moving plans have changed?
Brand new 2 bedroom 2 bathroom located at the super luxx condo building, The Charleston. OWNER IS RELOCATING TO LA; APARTMENT IS PRICED TO SELL! Take advantage of his loss. Sqare footage is inclusive of 23 sf of private storage
08/18/2009 Listed in StreetEasy by Luxury Property Group at $1,095,000.
09/14/2009 Price increased by 5% to $1,150,000.
Ignored comment.
Unhide
Response by urbandigs
almost 17 years ago
Posts: 3629
Member since: Jan 2006
ha, when is it
Ignored comment.
Unhide
Response by glamma
almost 17 years ago
Posts: 830
Member since: Jun 2009
it's pure psychological warfare out there...
Ignored comment.
Unhide
Response by w67thstreet
almost 17 years ago
Posts: 9003
Member since: Dec 2008
warfare would mean the other side has a clue... reminds me of my son and daughter playing hide and seek last weekend (while I was reading the iphone 3 feet away sitting at the dining room table)...
my 5yo daughter.. ."okay let's play hide and seek"
my son (3 yo)... "okay"
Daughter turns around and starts to count....
Son runs under my chair sticks 1/2 his ass out the side and giggles uncontrollably.....
I believe the "sellers" would be like my 3 yo son.... it's only warfare/game if there is even 1% chance of the other side winning....
Good, then inventory will pileup and eventually push prices lower.
> to leave room for haggling
Didn't they try this trick 6 months ago? Lot of help that was.
So, they're raising them so they can lower them. Great sign....
Lets not ignore the rounds of data on discounts from asking...
here's one example. my guess is that they don't need to sell.
http://www.streeteasy.com/nyc/sale/445645-coop-25-sutton-place-sutton-place-new-york
11/02/2005 Previously Listed in StreetEasy by Corcoran at $6,800,000.
09/26/2006 Corcoran Listing is no longer available. Last priced at $6,500,000.
08/18/2009 Listed in StreetEasy by Sotheby's International Realty, Inc. at $6,800,000.
08/27/2009 Price decreased by 15% to $5,800,000.
09/15/2009 Price increased by 17% to $6,800,000.
got a piece on this done, waiting to publish tomorrow
UD, if you're going to the SE meetup you need to go make your request for a full bar again.
here's another haggle special;
StreetEasy History
09/09/2008Previously Listed in StreetEasy by Prudential Elliman at $2,500,000.
02/12/2009Prudential Elliman Listing is no longer available. Last priced at $2,349,000.
03/25/2009Listed in StreetEasy by Prudential Elliman at $2,200,000.
05/31/2009Listing is no longer available.
08/22/2009Re-listed by Prudential Elliman.
08/22/2009Price increased by 9% to $2,400,000.
http://www.streeteasy.com/nyc/sale/394934-condo-83-spring-street-soho-new-york
odd.
http://www.streeteasy.com/nyc/sale/443372-condo-1623-third-avenue-yorkville-new-york
01/03/2008 Previously Listed in StreetEasy by Citi-Habitats at $750,000.
05/28/2008 Citi-Habitats Listing is no longer available. Last priced at $740,000.
10/15/2008 Previously Listed in StreetEasy by Corcoran at $685,000.
12/19/2008 Delisted temporarily by Corcoran.
01/27/2009 Previously Listed in StreetEasy by Prudential Elliman at $627,000.
04/21/2009 Prudential Elliman Listing is no longer available.
08/06/2009 Listed in StreetEasy by Corcoran at $599,000.
09/15/2009 Price increased by 4% to $625,000.
you really have to wonder how much of this is client driven. i'd guess a lot.
StreetEasy History
02/12/2009Listed in StreetEasy by Brown Harris Stevens at $1,190,000.
03/04/2009Price decreased by 16% to $995,000.
05/01/2009Price decreased by 10% to $895,000.
06/16/2009Listing entered contract.
08/19/2009Listing is no longer available.
09/09/2009Re-listed by Brown Harris Stevens.
09/09/2009Price increased by 7% to $959,000.
http://www.streeteasy.com/nyc/sale/384061-coop-126-west-11th-street-greenwich-village-new-york
Love the first 3 words of the ad...."REDUCED TO SELL!"
new construction resale. maybe moving plans have changed?
Brand new 2 bedroom 2 bathroom located at the super luxx condo building, The Charleston. OWNER IS RELOCATING TO LA; APARTMENT IS PRICED TO SELL! Take advantage of his loss. Sqare footage is inclusive of 23 sf of private storage
http://www.streeteasy.com/nyc/sale/445661-condo-225-east-34th-street-murray-hill-new-york
08/18/2009 Listed in StreetEasy by Luxury Property Group at $1,095,000.
09/14/2009 Price increased by 5% to $1,150,000.
ha, when is it
it's pure psychological warfare out there...
warfare would mean the other side has a clue... reminds me of my son and daughter playing hide and seek last weekend (while I was reading the iphone 3 feet away sitting at the dining room table)...
my 5yo daughter.. ."okay let's play hide and seek"
my son (3 yo)... "okay"
Daughter turns around and starts to count....
Son runs under my chair sticks 1/2 his ass out the side and giggles uncontrollably.....
I believe the "sellers" would be like my 3 yo son.... it's only warfare/game if there is even 1% chance of the other side winning....