Tuesday, June 13, 2006

Union Square #2502

This unit has changed hands three times in two years. While the original investor made a compelling profit the second owner didn't do very well.

I do wonder what made something worth $423,000 in 2004 suddenly worth $240,000 more a relative short time later.

I suspect that prices may go down as the original price of low 400s for units like this one.

Date Price Gain/Loss@6% Details

3/4/2006    650,000    $49,000

6/15/2005   660,000    196,510    view

6/10/2004    423,890    N/A      view

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