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Green shoots, and then some, in condo sales

Started by pulaski
almost 16 years ago
Posts: 824
Member since: Mar 2009
Discussion about
"Corcoran Sunshine says its springtime open house event generated more than $30 million in accepted offers." http://www.crainsnewyork.com/article/20100412/REAL_ESTATE/100419982
Response by NYC10007
almost 16 years ago
Posts: 432
Member since: Nov 2009

I'm so glad that someone posted this...I love how easy it is to spin something that means pretty much nothing. These events started after the Lehman collapse, and this is the best one yet. Really??? Shocking...How about some details about cost/sq.ft. and how much lower these "accepted offers" are compared with previous sales comps. That might actually be helpful, opposed to a blanket "$30 million in accepted offers."

Is this really considered reporting?

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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

haven't they been running the spring open house event for weeks? for about 20 condo developments? at a million a unit that's 30 units, or 1.5 per development, roughly. fewer if the average price was higher, and many of these weren't cheap developments.

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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

"Corcoran Sunshine says its springtime open house event generated more than $30 million in accepted offers."

Sunshine sells the expensive stuff... so, what's that... 3-5 apartments?

wow, what a reach...

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Response by NYC10007
almost 16 years ago
Posts: 432
Member since: Nov 2009

I think it said 11 apartments...

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Response by sisyphean
almost 16 years ago
Posts: 152
Member since: Jul 2009

The NJ Nets have more wins than that this season...

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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

11 mid-level apartments! pop the champagne!

And this is a once every SIX MONTHS EVENT! Thats an average of 2 per month! Case closed, buy now or be priced out forever!

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Response by jsmith9005
almost 16 years ago
Posts: 360
Member since: Apr 2007

i think the point was not the absolute $ amount, or # of units, but relative activity compared to the last two years...

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Response by NYCMatt
almost 16 years ago
Posts: 7523
Member since: May 2009

I just think it's great that women are wearing pantyhose again.

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