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Guess the Price Round 4: We Have a Winner!

Posted on February 22, 2013February 22, 2013 by The Tim

Recall the price-guessing contest posted to these pages on July 24th: Guess the Price Round 4: Time for a Rerun

3215 Kromer AveToday’s “Guess the Price” guest star is likely to be familiar to many of you… because it was the star of our very first Guess the Price contest just a year and a half ago. That’s right, barely over a year after finally selling for $290,000, 3215 Kromer Ave in Everett is back on the market. According to an agent friend of mine (not a Redfin coworker), last year’s buyers are being “forced” to sell due to a job transfer.

This time around we’re starting with an asking price of $334,900.

We had 18 guesses in the contest before it closed, with prices ranging from $250,000 to $338,001. The average price guessed was $313,433, and the median guess was $316,500. Here’s the plot of all the guesses, with the final close price & date marked in green:

Price Guesses: 3215 Kromer

According to the NWMLS, the home sold yesterday (after a total of 216 days on market), with a closing price of $285,000—just $5,000 below the price guessed by commenter nize. Congratulations! I’ll be contacting nize privately to arrange receipt of his prize.

The final sale price came in 15% lower than the original asking price, and 1.7% lower than what this house sold for in May 2011.

Here’s the difference between the average guess and the final sale price our contests so far:

  1. -2.2%
  2. +5.5%
  3. -10.5%
  4. +10.0%

Stay tuned in the next few weeks, when we’ll kick off another round of Guess the Price.

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Guess the Price Round 4: Time for a Rerun
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Guess the Price Round 5: 101 Years Old in Phinney Ridge

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