Monday, July 16, 2007

Not selling north of Montana

As a sequel to Not selling in Sunset Park, (also picked up in the LA Times blog), here is everything north of Montana over 30 days on the market:

202 14th St. (photo), 6 bed/4 bath, $3,529K LP, 5/24/07 LD
416 18th St., 5/5.5, $3,895K, 5/11/07
557 12th St., 6/5.5, $3,995K, 6/4/07
713 22nd St., 6/5.5, $3,995K, 6/7/07
239 14th St., 5/5.5, $4,495K, 5/29/07
421 23rd St., 6/6.5, $5,000K, 5/24/07
1221 Georgina Ave., 5/6.5, $5,895K, 6/6/07
506 Palisades Ave., 4/4, $7,950K, 3/23/07

On their heels are a these newer, mostly lower-priced, listings:

439 22nd St., 3/3, $2,398K, 6/25/07
242 25th St., 2/1.5, $2,500K, 7/7/07
438 Euclid St., 3/2, $2,595K, 7/6/07
501 Lincoln Blvd., 4/3, $2,849K, 7/10/07
1020 San Vicente Blvd., 5/3, $2,979K, 7/9/07
470 20th St., 4/3.5, $2,998K, 7/6/07
456 25th St., 6/5.5, $3,295K, 7/3/07
710 23rd St., 4/3, $3,298K, 7/13/07
446 23rd St., 5/4, $3,498K, 6/22/07
333 14th St., 5/6, $4,888K, 6/29/07

Is this a trend, that high-end sales are slowing, at least at these prices? If the new specs don't sell, expect less interest in tear-downs too.

2 comments:

Anonymous said...

The 470 20th listing is interesting because it was on the market and probably sold a year (or less) ago. It does not look like any major renovation occurred in the last year. A flip that flopped? Or a forced move? Or smart money getting out before the prices collapse?

On this block alone are 4 tear-downs in motion.

Pop said...

"Or smart money getting out before the prices collapse?"

They put down 20% in 11/06, so they have (had) money, not sure how smart they are though.