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]
The What in Diesel? Ha ha ha I don’t think so.
Steve and I went in there together one time and he asked for something in his size, and the sales clerk looked at both of us and said “Are you shopping for your son?”
We have not gone back.
Not when people come on here and exclaim time and time again how right they are about where the market is (even when data is shown to the contrary).
I somehow recall guessing 875-900k on that PLG house. The ask must not have been 899k cause it would be very strange for me to guess that close to ask. I’m assuming this is that corner house, nice details, garage.
Thanks for the data point FLH.
BO- that makes it 3-0.
Trying to predict the price of a house by some photos is absurd.
Commenting on how near or far from the mark individuals are in their soothsaying is worse.
At the risk of stating the obvious, people have continued buying homes in America the last 3 years.
Most believe they caught the market bottom or close to it.
And nearly every one of them thus far has been proven wrong…
Interesting Frederick Law. Not at all surprised that Miss Muffet was so off on her prediction on this and the other house. She doesn’t respond to real data anyway…she goes by hunches.
Would love to here her excuses…I mean response to how she could say 700K tops and it sells for 830K. Just a fluke, I’m sure. She’ll come up with something. Always does.
What, do you shop at Nord rack?? Do you wear Allen Edmonds shoes??? I lust after you. There’s a sale going on at diesel. i want tot see you in some tight hipster clothes!!!
Here’s another widget HOTD price point, from PLG. also a sale under a million. 29 Maple St sold this week for $830k. Ask was $899k, widget was $727k.
http://bstoner.wpengine.com/brownstoner/archives/2009/04/house_of_the_da_667.php
Miss Muffet wrote “I’d say 700 tops, and quite possibly less.”
wherever the market is headed, clearly the widget skews bearish.