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more Days on Market delirium / a flaky stat for individual sales (the 160 Bleecker example)

Sandy MattinglyPosted on Posted in on the market from the press — No Comments ↓
 
the 6 months sale that was pretty quick
Today’s NY Times ‘Residential Sales’ feature includes a studio sale at 160 Bleecker that was on the market “24 weeks”. I checked the details, wondering about the price history of this (seemingly) hard-to-sell unit. What I found illustrates the degree to which individual closing data for Manhattan lofts and apartments can be screwy.
 
Turns out that #9A-W was really a pretty quick sale, though it took a long time to close. It came to market in March and was in contract within a month. But it took more than four months to go from contract to closing (particularly in a condop that has to have all-cash purchases), for reasons unknown.
 
© Sandy Mattingly 2006
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