Category Archives: Lowball

Lowball! Rivera Edition

From the Star Ledger: Geraldo Rivera sells Edgewater home for half initial list price: $1.8M Fox News personality Geraldo Rivera sold his his longtime Edgewater home for $1.8 million — less than half its original listing price of $3.75 million. … Continue reading

Posted in Lowball, New Jersey Real Estate | 48 Comments

Lowball! Billionaire Edition

From the WSJ: Chinese Billionaire Nabs One57 Condo For a Mere $23.5 Million A three-bedroom unit on the 62nd floor of One57, a newly built condominium towering over New York City’s Central Park, has sold for $23.5 million, or 25% … Continue reading

Posted in Lowball, NYC | 115 Comments

Did Trump win it?

From the Star Ledger: Atlantic City home owned by Trump holdout sold at auction An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers … Continue reading

Posted in Lowball, Shore Real Estate | 74 Comments

Lowball! Trump Edition

From the Star Ledger: ‘You’re acquired’: Atlantic City’s Trump Plaza fetches $20 million in bargain-basement deal Trump Plaza, the Boardwalk centerpiece of Donald Trump’s one-time Atlantic City empire, was sold Thursday to a California company for $20 million in the … Continue reading

Posted in Economics, Lowball, Shore Real Estate | 123 Comments

Reserve too high to sell largest horse farm in Jersey

Same story, different property. Seller purchased at the height of the market and current bids don’t even come close to their (in all probability) unrealistic asking price. From the Star Ledger: Perretti Farms property for auction in Burlington County does … Continue reading

Posted in Lowball, New Jersey Real Estate | 100 Comments

Hank Paulson hasn’t heard about the real estate crash

From the WSJ: Paulson’s $4.6 Million D.C. Crib Hits the Market Former Treasury Secretary Henry Paulson is asking $4.6 million for his three-bedroom house in Washington, D.C. The former Goldman Sachs CEO, who defends the bailout of Wall Street in … Continue reading

Posted in Lowball, National Real Estate | 502 Comments

Lowball: Bruce Edition

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

Posted in Comp Killer, Lowball, National Real Estate | 366 Comments

Morris County Comp Killers

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

Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 317 Comments

Montclair Comp Killer!

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

Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 326 Comments

Weekend Comp Killer!

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

Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 154 Comments

Lowball – May/June 2008

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than asking in hopes that the … Continue reading

Posted in Lowball | 113 Comments

Comp Killer!

John St, Ridgewood NJ Purchased: 6/30/2006 Purchase Price: $795,000 Current Asking Price: $745,000 MLS# 2819679 Listed: 5/13/2008 List Price: $769,000 Reduced to: $745,000 Active ———————————– Jerome Ave, Glen Rock NJ Purchased: 11/7/2005 Purchase Price: $520,000 Current Asking Price: $479,000 MLS# … Continue reading

Posted in Comp Killer, Lowball, New Jersey Real Estate | 430 Comments

Lowball! January 2008

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than asking in hopes that the … Continue reading

Posted in Lowball | 31 Comments

Lowball! December 2007

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than asking in hopes that the … Continue reading

Posted in Lowball, New Jersey Real Estate | 30 Comments

Lowball! Bergen County 7/1-9/2

Welcome to another edition of Lowball! Lowball! takes a look at home sales from a different perspective. For those new to Lowball!, a lowball offer is when a buyer offers a significantly lower bid than asking in hopes that the … Continue reading

Posted in Lowball | 38 Comments