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Can this apartment be used as a contra indicator?

Started by se10024
almost 16 years ago
Posts: 314
Member since: Apr 2009
Discussion about
Given the successful effort so far, does this apartment's price hike signify RE softening? http://streeteasy.com/nyc/sale/377910-coop-333-west-end-avenue-upper-west-side-new-york
Response by pelicanellie
almost 16 years ago
Posts: 59
Member since: Jul 2010

Bizarre pricing history....sits on the market unsold for almost a year, so it must be time for a price increase. There should be a SE thread for humor like this.

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Response by West81st
almost 16 years ago
Posts: 5564
Member since: Jan 2008

I think maybe DD is just setting up for a price decrease to recapture attention as the fall season kicks off.

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Response by se10024
almost 16 years ago
Posts: 314
Member since: Apr 2009

thx w81, that could be the case. Wouldn't that be pretty ineffective in the age of SE? If on the other hand they decided that the market is strong enough that an increase is warranted, does that imply quite the opposite? Obviously it's purely anecdotal, but...

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