What's with these price increases last few days?

Sometimes price has nothing to do with why real estate has not sold. Activity is up, its spring, and inventory is low. Why not raise pricing?

hope SPRINGS eternal

http://streeteasy.com/nyc/sale/670756-condo-333-w-56th-street-clinton-new-york

With better weather and more people looking, this is the time of the year to nail it. However; I referenced one that you mentioned and that is a studio listed as a one bedroom with an old kitchen and bath. They might regret it. The maintenece is a bit high due to old heating methods and electric being included. I love Parc Vendome, but this listing will be very interesting to watch.

Looks like something one might consider renting based on budget but never purchase.

Correction, at second glance the maintenence isn't that bad. Still, for such a prominent building, this specific unit looks a bit dumpy.

Something's screwy about the 11I listing. The pictures are of an E-line, and seem to be the same as 4E. The plan doesn't match the pictures, and neither pictures nor plan match the text.

On the broker's site there's a 10I listing whose pictures and plan match the layout described in 11I's text.

maybe this guy should have waited a few more days he had to cut his price to get it sold.
http://streeteasy.com/nyc/sale/634330-coop-411-east-57th-street-sutton-place-new-york

sold at $343k or ~ $570 psf

It only matters if they sell. Price increases in this market is used by brokers as a tactic to get some attention to hard to sell properties. Most of the listing above seem in ndesirable parts except 9 Barrow.

I went to a new grocery store this weekend. It had a Wacky Waving Inflatable Arm Flailing Tube Man. Look at me! I raised my price and lowered it! Oh no, it's not just attention seeking, it's a conspiracy operated by the Bubblers.

Is this thread the new version of "buy now or be priced out forever?"

We had a product in my business that was not selling as well as we thought it should... so we raised the retail price ~40%, then put in on perpetual 30% off, and our sales of this item have tripled.

Thankfully, some people are morons.

The perception of a deal vs. true value...

The MARKET PRICE for these listings haven't changed... only the advertised price.
Pig, lipstick, etc... ?

they are not selling anyway, so there's no difference either increase by 1 million or decrease by 10k

Brooks2, still amazing to me that folks are still willing to pay 300K+ for a studio! After the mortgage, if the buyer is getting a mortgage, there is still maintenance!

fsbo88 ... nailed it!!!!! There are geniuses born every second of every day of every year! What I hate to see are uninformed retirees buying into some of these places as investments thinking rents are going to go up ad infinitum! In my recent OH perusal, I have seen traffic "demographic" leaning toward older attendees.

caonima, it makes a difference when there are geniuses out there, as fsbo88 mentioned.

caonima, now you reply to Brooks2 and then in another post reply to streeteasier

Brooks2, after caonima does that, you can reply to caonima and streeteasier.

Then the single point is complete.

kind of the way you do it cc..

Right, I'm columbiacounty.

Right, I'm Caonima, no I'm about ready , no I'm ...

you have it all figured out.

Aboutready is not you.

wow! you get a gold star

One of the listings in the OP was a board rejection situation over price. The listing went into contract, but the board rejected the price and instituted a price "floor," which explains the price increase. If you look at the sales history in this building, you can see a history of these shenanigans- listings that come on and off the market, listings that go into/out of contract, price chops and increases, etc. These idiotic boards need to learn that they cannot manipulate the market; the market manipulates the market!

let's see what happens when someone on the board needs to sell

Hahahaha ... there will be NO PRICE FLOOR when a board member needs to sell.

This is what happens when you increase the price in this market. You can't sell, then you drop, drop, drop...

http://streeteasy.com/nyc/sale/601525-coop-233-east-69th-street-lenox-hill-new-york

04/20/2011
Listed by Corcoran at $1,095,000.
04/28/2011
Price increased by 9% to $1,199,000.
05/26/2011
Price decreased by 8% to $1,099,000.
06/09/2011
Price decreased by 9% to $999,000.
08/31/2011
Listing entered contract.
10/26/2011
Re-listed by Corcoran.
10/27/2011
Price increased by 5% to $1,050,000.
03/29/2012
Price decreased by 5% to $999,000.

If at first you don't succeed, just keep doin' it the same way.