Category Archives: Comp Killer

Bergen and Essex County Mega Comp Killers!

Posted on August 27, 2010 by grim
Posted in Comp Killer, Housing Bubble, New Jersey Real Estate | 296 Comments

Wooooooooo!!! Double comp killer weekend! Might just bring a tear to my eye. From AMHS: Hi Grim. Hello all. I’m a long time lurker—thoroughly addicted to this blog for many, many years now. We just moved into our Montclair REO—-we … Continue reading →

Lowball: Bruce Edition

Posted on March 25, 2010 by grim
Posted in Comp Killer, Lowball, National Real Estate | 368 Comments

From Housing Watch: Springsteen Takes a Loss on House Sale Bruce Springsteen, winner of 20 Grammy Awards, has sold one of his two neighboring homes in Florida’s Palm Beach County for $1 million less than its original list price, reported … Continue reading →

Comp Killer: WSJ Edition (or How You Can’t Go Wrong With Jersey Shore)

Posted on February 3, 2010 by grim
Posted in Comp Killer, New Jersey Real Estate | 251 Comments

From the Wall Street Jounal: Jersey Shore Retreat ## River Rd, Island Heights, NJ (Ocean County) 4 Bedrooms 3.1 Baths Riverfront with Dock Purchased: 2006 Purchase Price: $1,825,000 Approximately $200,000 in updates. Current Asking: $1,650,000 Reason for Sale: Can’t afford … Continue reading →

July Comp Killer!

Posted on August 2, 2009 by grim
Posted in Comp Killer | 137 Comments

Hat tip to ww4b for the Hunterdon and Warren comp killers, more to follow. Hunterdon Comp Killers 660 County Rd 579, Alexandria Twp NJ Purchased: 9/17/2004 Purchase Price: $440,000 MLS# 2670578 Listed: 4/2/2009 List Price: $429,000 Sold: 7/24/2009 Sale Price: … Continue reading →

Fourth of July Weekend Comp Killer!

Posted on July 4, 2009 by grim
Posted in Comp Killer | 148 Comments

Welcome to another edition of Comp Killer! Warren County Comp Killers, June 1st thru 30th. Double hat tip to willwork4beer for providing the Warren killers as well. Some additional color: Warren County Comp Killers. Out of 69 completed sales in … Continue reading →

Brigadoon Mega-Comp-Killer

Posted on April 30, 2009 by grim
Posted in Comp Killer, Housing Bubble, North Jersey Real Estate | 299 Comments

Many don’t know that Brigadoon is what Westfield-insiders refer to their town as when among locals. Really! Only outsiders call it Westfield and you’d stick out like a sore thumb if you called it that to someone familiar with the … Continue reading →

March Comp Killer 2!

Posted on April 5, 2009 by grim
Posted in Comp Killer | 148 Comments

Morris Comp Killer! (in progress, keep checking back. Price descending order, so scroll through to see updates) MLS# 2609747 132 Ormont Rd, Chatham NJ Purchased: 9/13/2005 Purchase Price: $890,000 Sold: 3/12/2009 Sale Price: $726,000 18.4% below 2005 purchase price MLS# … Continue reading →

March Comp Killer!

Posted on April 4, 2009 by grim
Posted in Comp Killer | 164 Comments

Bergen Comp Killer! MLS# 2845722 15 Terhune Ct, Upper Saddle River NJ Purchased: 6/1/2006 Purchase Price: $1,600,000 Original List Price: $1,699,000 Sold: 3/6/2009 Sale Price: $1,250,000 21.9% below 2006 purchase price MLS# 2829680 123 Woodland Ave, Ridgewood NJ Purchased: 8/29/2006 … Continue reading →

February Comp Killer!

Posted on February 13, 2009 by grim
Posted in Comp Killer, New Jersey Real Estate | 361 Comments

Here are a sampling of properties that have closed across Northern NJ over the past 20 days or so (excludes Morris, see the Morris Comp Killer by clicking the “Comp Killer” shortcut on the right). It might help to read … Continue reading →

Morris County Comp Killers

Posted on February 7, 2009 by grim
Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 317 Comments

Take a deep breath, a sip of coffee, and repeat after me: Home prices can fall. Home prices can fall. Home prices can fall farther than I believe possible. Home prices can fall for longer I believe possible. My/Your home … Continue reading →

Montclair Comp Killer!

Posted on February 6, 2009 by grim
Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 326 Comments

Not a Friday afternoon without a comp killer and a bank failure. Today’s comp killer comes to us from prestigious Upper Montclair, NJ. This property was acquired by the prior owner during the very frothy Summer 2005 market, in fact, … Continue reading →

Hunterdon Comp Killer!

Posted on February 1, 2009 by grim
Posted in Comp Killer, Housing Bubble, New Jersey Real Estate | 189 Comments

Thanks to willwork4beer for compiling this weeks list of Hunterdon County Comp Killers! MLS#: 2624439 312 BYRAM-KINGWOOD RD Kingwood Twp Purchase: 05/14/04 $465,900 Original List Price: 03/25/08 $549,900 SOLD: 01/30/09 $370,000 20.59% off the 05/04 sale price 32.72% off 03/08 … Continue reading →

Bergen County Comp Killers!

Posted on January 29, 2009 by grim
Posted in Comp Killer, Housing Bubble, New Jersey Real Estate | 386 Comments

Hat tip to Rich in NNJ for pulling this list together! Make sure you thank Rich for his hard work! BERGENFIELD 90 LINCOLN AVE SOLD: $388,000 12/12/2006 SOLD: $262,000 1/9/2009 CLIFFSIDE PARK 268 WAYNE AVE SOLD: $410,000 2/6/2004 SOLD: $345,500 … Continue reading →

Comp Killer Sunday Football Edition

Posted on January 25, 2009 by grim
Posted in Comp Killer, Housing Bubble, New Jersey Real Estate | 101 Comments

Today’s comp killer comes to us courtesy of Luxist Turns out football superstar Terrell Owens is significantly underwater on his Moorestown, NJ estate. His property, on Cove and Landing in Moorestown, was purchased in May of 2004 for an astounding … Continue reading →

Weekend Comp Killer!

Posted on June 29, 2008 by grim
Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 154 Comments

19 Yale Terrace, Montclair NJ Purchased: 6/1/2005 Purchase Price: $762,000 MLS# 2503228 Sold: 6/26/2008 Sale Price: $705,000 19 Woods End Road, West Orange NJ Purchased: 6/1/2004 Purchase Price: $379,000 MLS# 2493002 Sold: 6/27/2008 Sale Price: $362,500 31 North Road, Chester … Continue reading →