20 Clifton Place Sells, Kicks Widget's Ass
The widget underprices again! We’ve gotten used to the pricing widget being off by 10 to 15 percent, but in the case of 20 Clifton Place, a three-family in Clinton Hill that was on the market last spring for $899,000, it was off by 20 percent. The average reader prediction was for a selling price…
The widget underprices again! We’ve gotten used to the pricing widget being off by 10 to 15 percent, but in the case of 20 Clifton Place, a three-family in Clinton Hill that was on the market last spring for $899,000, it was off by 20 percent. The average reader prediction was for a selling price of $679,708 and the house closed on September 24 for $850,000. Quite a difference! Meanwhile next door, 22 Clifton Place, which never was a House of the Day, also closed last month for $1,200,000, quite a bit below what it was asking when it was an Open House Pick back in 2007 and in 2008.
House of the Day: 20 Clifton Place [Brownstoner] GMAP
Col Steve — they don’t know diddly or are they wishing and hoping for something reasonable? (I don’t have much faith that it’s the latter, but a boy can hope and dream… I’ve already been told I have to become a gay, cat-owning, banker to enter this market, so I’m grasping at straws.)
I don’t think ‘Stoners are appraising; we’re saying what we’d be willing to pay (if we had the bucks.)
antidope… I never made any suggestion about the widget. The selling prices for ALL of those properties you mention are pretty retarded. The correlation with the widget is *interesting* but only academically.
Instead of blaming the widget for underpricing, you need to lay the blame on the Brownstoner respondents who consistently low ball.
Why is the Brownstoner crowd so consistently wrong when it comes to appraising properties? Collectively, it seems the Brownstoner appraisers don’t know diddly.
right t6. that must be it.
if it makes you feel better the widget actually overpriced 100 st marks and hit 178 8 ave on the nose, so you’ll have to think of another theme for those houses.
Mr. B;
I grant this headline the “Benson’s Best” award. Very funny.
why is this even a shocker? there’s always bound to be some idiot who is willing to over pay for something.
*rob*
No… it’s a revisit of the “home buyers in this city are complete retards” theme.
is this a continuation of yesterday’s OT “what we think they are worth to society versus what gets paid”?