Recall the price-guessing contest posted to these pages on July 24th: Guess the Price Round 4: Time for a Rerun
Today’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:
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:
- -2.2%
- +5.5%
- -10.5%
- +10.0%
Stay tuned in the next few weeks, when we’ll kick off another round of Guess the Price.