Bearish Brownstoners Miss Mark on 2nd Street Sale
So far we have precious few data points on the predictive powers of the pricing widget. For a while, the only HOTD or COTD to sell was 316 Cumberland Street, which sold for $2,250,000 in June, a shade less than the asking price of $2,295,000 but almost $360,000 more than widget voters predicted. And now…
So far we have precious few data points on the predictive powers of the pricing widget. For a while, the only HOTD or COTD to sell was 316 Cumberland Street, which sold for $2,250,000 in June, a shade less than the asking price of $2,295,000 but almost $360,000 more than widget voters predicted. And now our second data point shows an equally bearish disposition: 93 2nd Street, which generated a predicted selling price of $914,379, just closed for $1,086,312; in our defense, we said at the time that “We could see it getting pretty close to” the asking price of $1,125,000. Interesting, eh?
House of the Day: 93 2nd Street [Brownstoner]
“Funny you should say that, What. We’ve got a house on Washington all teed up for today’s HOTD…”
Funny you started to post those houses after I tore into your ass about them Brownstoner!
The What
Someday this war is gonna end…
I was just wondering if we’d eventually get feedback on these appraisals vs. actual selling price. Will be interesting to watch!
I love going back to the original thread and seeing just how ridiculous the lowball comments are:
“A very very modest house on a not so great block of carroll gardens for over a million dollars? I do not think it is likely. You can get a pretty nice condo for 1.1 million these days. This house is a little worker’s shack really.
Posted by: sam at March 31, 2009 1:32 PM”
“I think it will go around $900K – the block is eh
Posted by: gemini10 at March 31, 2009 1:38 PM”
“FWIW, I would bet $799,000 is the best they’ll do for such a small place. At that price, people can look at it as the condo alternative it’s meant to be.
Posted by: Maly at March 31, 2009 1:44 PM”
“800-875 tops.
Posted by: Xander Crews at March 31, 2009 1:59 PM”
“$850k – street is quiet and lovely – these streets btw hoyt and bond (where I live) are just heaven for children because they are empty with no cars and they can play outside without you really having to watch them. However, house is tiny (although there is probably lots of FAR and wouldn’t cost too much to add a floor) But 1.125 is crazy.
Posted by: gkw at March 31, 2009 2:05 PM”
“kind of a weird hood but i like the interior shots. 700,000
Posted by: brickoven at March 31, 2009 2:26 PM”
“I appraised it at 799,000.
The PS is nearby facing the little carroll gardens park. It’ an OK school I believe.
Posted by: sam at March 31, 2009 4:13 PM”
**HILARIOUS!** At least now I know who *not* to take seriously around here.
For the record, CGGirl nailed it:
“My guess is that will sell slightly below asking, maybe 1.1
Posted by: cggirl at March 31, 2009 2:02 PM”
ignore those truncated posts. Less that 5% over widget price you win. Greater than 5% I win. Loser makes public admission. In your case, that you are not smarter than the market. In my case, that the brownstoner bears are right. No caveats.
Funny you should say that, What. We’ve got a house on Washington all teed up for today’s HOTD…
Posted by: brownstoner at July 23, 2009 10:06 AM
What PWNED again. it’s getting easier and easier. ROTFLMMFAO
HEY WHAT….you missed this headline…
“Existing Home Sales in U.S. Rise for Third Month on Lower Borrowing Costs.”
Comment??? And make it an intelligent one, please.
don’t know WTF happened to that post. i’ll try again (maybe the symbols screw things up?)
widget +/- 5% you win 1x;
5% 10% 15% I win 3x AND you have to admit you’re wrong publicly.
you name the size of the bet.
I think most people input their prediction as to near future market values into the widget, not their assessment of current market prices. The two can be very different.
Funny you should say that, What. We’ve got a house on Washington all teed up for today’s HOTD…