Below 2005 Prices on Open House
Started by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
watched a couple of the Open House NYC episodes I had taped in a row. Watch watching that multiple estimate segment. Just noticed that 3 buyers in a row bought in 2005. Two renovated. 2 were given broker estimates less than their 2005 price, and the third with renovations, was just about a breakeven.... and a loss with interest.
Yes, 2005 prices are back.
what were the property addresses???
Soon we will be back to 2003 and earlier.
It only took a year for people to start to agree with me!
And for the record, I am now predicting that prices will go up - someday. So when that happens, be it 1 year from now or 5 years from now, I will be able to post like stevejhx. Please check back when that happens to see my post that will say "it only took __ year(s) for people to start to agree with me!" Useless...
They don't give the addresses on those segments, for some reason. Hell, they didn't even name the neighborhood on one of 'em.
I'm not taking this as a quantatative thing, more just interesting that multiple brokers are setting prices at 2004 or so levels.
Barbara Corcoran also suggested something like 15% below the other brokers to "catch interest".