At Trump Place 220 (220 RSB), some lines appear to be nearing 2004-2005 price levels.

On the "If you can demonstrate market movement with comps..." thread, hsw9001's mentioned that pricing appeared very sticky for 1BR units on Riverside Boulevard. I decided to follow up with some research, and I was drawn to 220 RSB as a benchmark because data seemed abundant for current listings and past sales. So far, I have charted the "A" and "B" lines; I excluded the upper floors because... [more]

On the "If you can demonstrate market movement with comps..." thread, hsw9001's mentioned that pricing appeared very sticky for 1BR units on Riverside Boulevard. I decided to follow up with some research, and I was drawn to 220 RSB as a benchmark because data seemed abundant for current listings and past sales. So far, I have charted the "A" and "B" lines; I excluded the upper floors because layouts and views differ. The first result set appears below (I hope the formatting is OK): Date ----- Apt. - Recorded Sales -| -Current/Previous Listings-- ACTIVE ... #10A .................. | ↑ $1,099,000 979 ft² ACTIVE ... #11A .................. | ↓ $1,125,000 979 ft² ACTIVE ... #17A .................. | ↓ $1,055,000 979 ft² ACTIVE ... #??A .................. | ↓ . $899,000 979 ft² 07/22/2008 # 3A .. $875,000 . 0.0% | ... $875,000 979 ft² 07/08/2008 # 6A. $1,057,500. -2.5% | . $1,085,000 979 ft² 06/20/2008 #14A .. $998,000 -13.2% | . $1,150,000 979 ft² 09/06/2007 # 5A $1,125,000 ....... | 08/07/2006 #18A $1,050,000 ....... | 11/10/2005 # 4A $1,049,000 ....... | 08/24/2005 # 7A $1,080,000 ....... | 06/06/2005 #12A . $925,000 ....... | 04/22/2005 # 5A . $979,000 ....... | 09/01/2004 #15A . $855,000 ....... | 07/19/2004 #11A . $837,000 ....... | 07/09/2004 #17A . $835,000 ....... | It's just one line in one building, so it may not mean much, but I'll venture a few observations: - The seller of #5A timed the top nicely. (I think she threw in a 24 sq.ft. storage unit, but still...) - The seller of #6A has been breathing a big sigh of relief in his new digs at Battery Park City since July 8th. - #3A and #14A may have been canaries in a mineshaft that leads back to 2005, possibly 2004. - The owner of #10A is whistling past the graveyard. - The owners of #11A, #17A and the other, unidentified A-line listing are sweating profusely. Caveats: - The units are not identical. For example, #11A has some nice upgrades. - The $899K listing is with Nestseekers; it could be a bait-and-switch. I'll post the "B" line next. There are fewer data points, but the trend is fairly striking. [less]