It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. And I’m simply here to take measurements.
Read today’s 3CW post on @CurbedNY:
I thought I’d share a metric I haven’t presented before since I’ve only been collecting it for two years. It sort of measures the efficiency of the closing process, i.e. the number of days between the contract date and the closing date. I’ve got a few disclaimers on the chart and it is also broken out by re-sale and new development transactions. [read further]
[click to expand]
Curbed NY : Three Cents Worth Archive
Curbed DC : Three Cents Worth Archive
Curbed Miami : Three Cents Worth Archive
Tags: Three Cents Worth, Curbed NY, 3CW
I wonder how much of these closing are short sales? Just one short sale would asque the statistics considerably.
Especially since short sales are so prevailent lately.
I was wondering the same thing. Banks are notoriously slow when it comes to getting things done.