Skip Navigation

The "bubble" is back

Started by sjtmd
over 14 years ago
Posts: 670
Member since: May 2009
Discussion about
$130,000 price increase, no recent renovations. What gives? http://streeteasy.com/nyc/sale/569015-coop-255-west-23rd-street-chelsea-new-york?email=true
Response by loveislife
over 14 years ago
Posts: 53
Member since: Apr 2011

Must be some kind of joke! Contract fell through and they feel they want more for a has been piece of property. Pathetic!!!!!!!!!!!!!!!!

Ignored comment. Unhide
Response by Apt_Boy
over 14 years ago
Posts: 675
Member since: Apr 2008

must be a short-sale

Ignored comment. Unhide
Response by bjw2103
over 14 years ago
Posts: 6236
Member since: Jul 2007

Maybe wait until we get a closing price before talking about bubbles?

Ignored comment. Unhide
Response by Bill7284
over 14 years ago
Posts: 631
Member since: Feb 2009

The same apt number two floors below (2HW) is at the same ask price with a different broker. The one on the fourth floor went into contract seven months ago. Who knows? I agree with bjw2103 as the market will determine the proper price, not the seller.

Ignored comment. Unhide
Response by stevejhx
over 14 years ago
Posts: 12656
Member since: Feb 2008

too bad they closed the krispy kreme that used to be next door. woulda really livened the place up.

Ignored comment. Unhide
Response by manhattanfox
over 14 years ago
Posts: 1275
Member since: Sep 2007

maybe building rejected other bid based on too low of a price?

Ignored comment. Unhide
Response by sjtmd
over 14 years ago
Posts: 670
Member since: May 2009

270 West 17 - an apartment on the market for less than a week, price increases.
Bubble, bubble, toil and trouble
http://streeteasy.com/nyc/sale/620302-condo-270-west-17th-street-chelsea-new-york

Ignored comment. Unhide
Response by KeithB
over 14 years ago
Posts: 976
Member since: Aug 2009

For every anomaly (price increase above bubble last sale), I am getting like 10 e-blasts with "Owner must sell!!!" "Huge price reduction".

Bubble? No. Just some skirmishes over the limited high quality homes on the market.

I did recently see a price increase on a Tribeca loft that is $750,000 dollars above it's last sale in 2007. I believe(?) the unit was renovated after the the 2007 purchase.

Keith Burkhardt
The Burkhardt Group

If the summer real estate market has you down? A great day trip is The Warwick Winery & Distillery. Only 75 minutes from GWB. They have some great live music, music festivals (recently a Dylan bday fest) and a restaurant in a barn with a CIA trained chef, elegant farm to table food.

http://www.wvwinery.com/

Ignored comment. Unhide
Response by alanhart
over 14 years ago
Posts: 12397
Member since: Feb 2007

expect you-know-who to pipe in on this one

Ignored comment. Unhide
Response by KeithB
over 14 years ago
Posts: 976
Member since: Aug 2009

He may have lost his satellite connection out on the high-seas. (:

Ignored comment. Unhide

Add Your Comment