Contracts

18 Baliwick Woods

Two contracts reported today. One, a little cape in Havemeyer Park will be of interest when we see what it sold for – last ask was $895 but these days ….

Then there’s this one on Baliwick. It’s gone to contract somewhere below, I assume, its last asking price of $1.275 million. It’s been for sale since March, 2007, when it started at $1.875. I realize that we’ve seen some upheaval in the market since then but when the last price is just 68% of the first price, a suspicion arises that the first price was overly aggressive. It certainly would be today.