A Couple More Widget Comps
A couple more properties that have received the widget treatment on Brownstoner have sold and both sales prices, not surprisingly, are well in excess of the widget average. As we know by know the widget average, almost by definition, underprices the ultimate sales price since all it takes is one buyer, not a consensus, to…
A couple more properties that have received the widget treatment on Brownstoner have sold and both sales prices, not surprisingly, are well in excess of the widget average. As we know by know the widget average, almost by definition, underprices the ultimate sales price since all it takes is one buyer, not a consensus, to get a deal done. In the case of Apartment #2 at 56 Garden Place, the widget predicted $645,093 and the two-bedroom ended up selling for $750,000; this difference of 14% is about what we’ve come to expect ye olde widget. Over at Apartment 5E at 125 Eastern Parkway, the widget came in at $314,911, or only 9% less than the actual selling price of $345,000. Surprised by either of these?
Co-op of the Day: 56 Garden Place, #2 [Brownstoner]
56 Garden Place, #2 [Brown Harris Stevens] GMAP P*Shark
Co-op of the Day: 125 Eastern Parkway, #5E [Brownstoner]
125 Eastern Parkway, #5E [Corcoran] GMAP P*Shark
I like to think of these threads more as poems, with various refrains repeated. It’s a beautiful thing.
and ban all posts from people who repeat themselves over and over and personally attack other posters who are just exoressing their opinions. Those people make the blog less enjoyable and raise the level of rancor and animosity.
Please exempt me, shillstoner from your gross generalization.
Um, my posts are new and compelling each and every time. So, I deeply resent that.
Shill,
This blog is a business. Mr. B posts threads like this for the very intent to draw as many comments as possible. You think he posted this one just for fun? Come on now. You’ve got to know a little something about “clicks” when it comes to a blog like this.
Brownstoner, here is an idea: Why don’t you ban all posts from people who have posted every day for the past 3 months. That way the posts would not all be the exact same petty, stupid crap every f-ing day and someone new might actually try to post something.
Very true, Brokeveloper. Although as one example, Minard is a HUGE Brooklyn Heights lover and booster and he said Garden Place would sell in the 500’s.
I just think it’s that many of the Brownstoner readers are interesting, funny, witty and many other things, but they don’t ACTUALLY know much about real estate or pricing.
They’re all talk.
I actually agree with Slopefarm’s assessment of the widget/appraisals.
A point often missed: for the widget to make any logical sense it should only include people who would actually be interested in said property. If someone doesn’t like a neighborhood, a layout, a garden level kitchen, not in the market for a 1-bed, etc. then then you really have to hope they can take a step back from their personal preferences to make an worthwhile assessment.
OK, I admit I was wrong on that price.
Actually I’ve made that admission several times, but whatevs…
LOLoveya!