441 E 38th
Asking $899K, then $829K. Sold for $820K.
Purchased in December of 2010 for $810K.
“Are we at Dec/10 pricing already?”
– timber2012 at RE Talks 4 Oct 2012 1:40pm
There is valid ongoing debate regarding which price measures to use to best monitor the decline.
Not a simple task: Mean, Median, Teranet, Benchmark?
Teranet, using (by our understanding) Case-Shiller-type sale-resale single-property methodology, is likely the most valid price to track.
At the single example level, time1 to time2 anecdotes will always be powerful.
A house that sold for ‘x’ in 20XX, now selling for ‘y’ in 201X, doesn’t necessarily reflect the whole market, but still grabs the attention of prospective buyers.
“Gee, I could buy that now for less than I’d have paid in 20XX!”.