High End Downtown CondosOne can’t drive down Milbank Avenue these days and not notice the huge number of new condominiums going up, all at huge prices. I wonder whether the market is deep enough to support all these projects. Not counting those still under construction and not yet offered for sale, there are twenty-five condos [...]
Entries from August 2006
August 18, 2006
Realistic PricingLast week a house finally went to contract at somewhere close, I presume, given its last asking price, to $2,000,000. Nothing unusual about that, but it originally came on the market a year ago for $2,850,000. That’s a long time to try to sell your house. Try any price you want – it’s your [...]
August 11, 2006
Historic PreservationRiverside architect Jay Haverson has a problem: he purchased a two acre lot on Round Hill Road in the four acre zone and, thanks to the inexplicable rule that penalizes undersized lots, he is only allowed to build a 5,445 sq. ft. lot instead of the 7,840 sq. ft. otherwise permitted on two-acre parcels [...]
August 4, 2006
More StatisticsThe New York Times ran yet another article declaring a recession in the housing market the other day so I thought I’d see how we’ve been doing in ours. As always, it depends. Overall, we’re off 32% in contract activity for the period I surveyed, June 1 – July 25, 2005 and 2006, 106 [...]
