timing is everything That hoary chestnut “it only takes one (buyer)” is dear to every seller’s heart, while the very optimistic sellers also love “it only takes two (to have a bidding war)”. These bromides cause a lot of sellers to…
Tag: Bidding War
bidding war after 9 months, 6 price drops at 244 West 23 Street loft
Tagged with: Bidding War, Discount, Efficient, Metaphysics, Negotiation, Price Cut, Psychology, West 23
171 Duane Street loft closes at 12% premium, contract in 3 weeks
"every once in a while …", indeedEvery once in a while, a listing description not only does justice to the loft listed but to potential buyers, giving an appropriately enthusiastic description of the loft instead of merely babbling. The Manhattan…
Tagged with: Architect, Bidding War, Comps, Duane, Inefficient Market, Longandnarrow, Neighbor, Renovation, Velocity
22 West 26 Street loft sells quickly above 2010 ask, above 2009 ask
if at first you don’t succeed …The July 6 sale of the Manhattan loft #3C at 22 West 26 Street illustrates a few things: a well-priced loft sells quickly in this market; a loft can sell in 2010 at a…
with 95 Greene Street contract, reality vs. NY Post / who wins?
probably not Murdoch’s faultI have my doubts about Exhibit A in support of a NY Post article today with a provocative headline, lede and story. the article is A bidders market / Upscale homes rebounding in NYC the lede is…
95 Greene Street goes to war, closes up 8%
prone to reasonable pricingIt looks as thought there was a bidding war when the Manhattan loft #3F at 95 Greene Street sold on April 15 at $1.9mm, since the asking price had been $1.875mm. The loft is said to…
first impression of First Quarter reports
what is wrong with that baseline?I do feel badly for the reporters who have to summarize the major firm quarterly reports of Manhattan real estate activity, such as Christine Haughney in today’s NY Times, Slight Rise in Manhattan Apartment Prices…
Tagged with: Bidding War, Corcoran, Haughney, Inventory, Miller, Miller Samuel, Ny Times, Quarterly Report, Terra, Volume
bidding war erupts VERY late, as 49 Warren St gut job closes
caution: follow all StreetEasy linksThis one is weird…. I began this post in my mind with a headline like "pricing it VERY right at 49 Warren Street" because the StreetEasy listing associated with the closed sale of this loft on…
155 Franklin Street crashes past 2006 to close up 28% (since 2000)
off a million, or soThe Manhattan loft #3S at 155 Franklin Street (the Sugar Loaf) was one of only five lofts in Tribeca that closed in June, per recent articles in The Real Deal Trouble in Tribeca. For a seller…
Tagged with: 2000, 2006, Beams, Bidding War, Cast Iron, Columns, Franklin, Joists, Price Drop, Sugar Loaf
contracts at 95 Greene show value + velocity + sloppy paperwork
2 January listings in contractI noticed that #3F at 95 Greene Street was in contract as of yesterday in very quick time. It was new to market on January 11, so that is just under 3 weeks. well-priced lofts sell…
bidding war at 2 Prince / back story on NY Times loft Res Sales
a hot one has sold + closed Today’s Residential Sales feature in the Home & Garden section of the NY Times features a NoLiTa loft that I talked about when it was new in March (two new at 1,200…
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