Carpal Tunnel Syndrome

Oh how I wish it was still May. It wasn't 100+ degrees outside, the grass wasn't brown, and I only had 8 lofts to put in the list of monthly sales. For June and July the MLS says there are 47 sales. In truth there are many more. In June, move in's started in Banker's; July saw Lucas Lofts, Moon Brothers, and Meridian. Moon Brothers Carriage lofts, the Meridian, Banker's Lofts and Lucas Lofts all are begining to come to life. Last summer, when a bunch of projects had move in's around the same time, the neighborhoods suddenly felt different. I couldn't get a parking spot as easily in the typical places, I no longer could get a seat in Flannery's during a ballgame and so on. I'm bracing myself. Here's the sales for June and July.


June

Banker's Lofts Units
#208------------------------------------------$161,934
#310------------------------------------------$180,185
#202------------------------------------------$182,172
#205------------------------------------------$220,823
#307------------------------------------------$229,661
#306------------------------------------------$233,986
#204------------------------------------------$318,810

This would be an appropriate place to comment that Pyramid, like some of the other developers lately, should be commended for listing all the units on the MLS so that 1. Realtors can learn something about selling downtown neighborhoods without having to pull teeth, and 2. most importantly, so appraiser's can appraise lofts without looking like complete buffoons. I've had appraiser's tell me more than once that they can not use information that isn't on the MLS to justify a price. While I don't believe that, they do have constraints.

Other Sales in June
1627 Locust #204-----------------------------$156,000
1511 Locust #401-----------------------------$161,500
1501 Locust #403-----------------------------$176,900
1501 Locust #1003----------------------------$183,000
2020 Washington #210-------------------------$185,000
2020 Washington #214-------------------------$222,900
1511 Locust #307-----------------------------$229,900
1709 Washington #706-------------------------$247,900
1010 St. Charles #501------------------------$289,000
1501 Locust #1008----------------------------$311,500
703 N 13th St. #402--------------------------$325,000

July

Banker's Lofts Units
#308-----------------------------------------$179,212
#302-----------------------------------------$180,900
#303-----------------------------------------$211,586
#406-----------------------------------------$214,900
#311-----------------------------------------$224,926
#304-----------------------------------------$294,487
#209-----------------------------------------$311,788

Lucas Lofts Units
#202-----------------------------------------$115,290
#212-----------------------------------------$115,815
#211-----------------------------------------$118,590
#302-----------------------------------------$128,595
#412-----------------------------------------$129,650
#512-----------------------------------------$134,725
#612-----------------------------------------$135,000
#301-----------------------------------------$135,840
#311-----------------------------------------$139,275
#411-----------------------------------------$139,880
#502-----------------------------------------$140,300
#401-----------------------------------------$144,685
#312-----------------------------------------$144,920
#601-----------------------------------------$148,870
#501-----------------------------------------$149,300
#712-----------------------------------------$151,425
#611-----------------------------------------$152,210
#511-----------------------------------------$154,440
#701-----------------------------------------$156,685
#711-----------------------------------------$169,130
#210-----------------------------------------$193,475
#410-----------------------------------------$205,505
#304-----------------------------------------$206,875
#309-----------------------------------------$210,492
#404-----------------------------------------$210,975
#610-----------------------------------------$214,830
#208-----------------------------------------$216,055
#609-----------------------------------------$216,205
#710-----------------------------------------$220,970
#408-----------------------------------------$225,140
#403-----------------------------------------$225,820
#303-----------------------------------------$227,000
#313-----------------------------------------$247,815
#405-----------------------------------------$256,040
#205-----------------------------------------$256,637
One of my mortgage broker friends told me that Lucas lofts hadn't fully applied for abatement as of his closing at a unit. The developer had to kick in some additional funds at closing to cover the difference. Was that the case for all those closings? I wonder but have been too busy to find out.

More July Sales
1627 Locust #404-----------------------------$150,000
2020 Washington #510-------------------------$169,000
1501 Locust #1203----------------------------$182,000
1501 Locust #1202----------------------------$188,000
1501 Locust #405-----------------------------$260,000
1611 Locust #405-----------------------------$290,000
1203 St. Charles #6D-------------------------$410,000

Can anyone blame me for putting this post off 'til mid month?

And also, to my faithful readers, my sincere apologies for not posting lately. With all the technical problems and all the selling going on, its no wonder I haven't been up to date. Hope to see you at Washington Avenue Music Fest this Saturday!