{"id":18204,"date":"2011-12-20T09:37:33","date_gmt":"2011-12-20T17:37:33","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=18204"},"modified":"2011-12-20T09:43:56","modified_gmt":"2011-12-20T17:43:56","slug":"guess-the-price-round-2-we-have-a-winner","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/12\/20\/guess-the-price-round-2-we-have-a-winner\/","title":{"rendered":"Guess the Price Round 2: We Have a Winner!"},"content":{"rendered":"

Recall the price-guessing contest posted to these pages on July 20th: Guess the Price Round 2: Capitol Hill Remodel Flip<\/a><\/p>\n

\"1520<\/a>Today’s “Guess the Price” guest star is 1520 24th Ave E in Seattle<\/a>. With a current asking price of $649,000<\/strong>, this home has been on the market for 18 days, and is neither bank-owned nor a short sale. It sits close to the Washington Park Arboretum in the northeast corner of Capitol Hill<\/a>, where the median sale price of single-family homes in June was $748,000.
\n…
\nThis house was purchased by an apparent invester for $370,000 in April, was totally repaired, remodeled, and re-listed on July 2nd at $678,000. After just nine days on the market, the price was dropped $29,000 to the current asking price of $649,000.<\/p><\/blockquote>\n

We had 52 guesses in the contest before it closed, with prices ranging from $479,000 to $655,000. The average price guessed was $588,505, and the median guess was $595,000. Here’s the plot of all the guesses, with the final close price & date marked in green:<\/p>\n

\"Price<\/div>\n

According to the NWMLS, the home sold last Thursday, with a closing price of $558,000<\/strong>, which was just $1,000 below the price guessed by commenter Jacob Beaty.<\/a> Congratulations! I’ll be contacting Jacob privately to arrange receipt of his prize.<\/p>\n

In the first round<\/a> the average of all the guesses came in 2.2% lower than the final sale price. This time around the collective intelligence of Seattle Bubble overshot slightly, with the average of all the guesses coming in 5.5% above<\/em> the final sales price. So far you guys are doing considerably better than Zillow<\/a>. Nice!<\/p>\n","protected":false},"excerpt":{"rendered":"

Recall the price-guessing contest posted to these pages on July 20th: Guess the Price Round 2: Capitol Hill Remodel Flip Today’s “Guess the Price” guest star is 1520 24th Ave E in Seattle. With a current asking price of $649,000, this home has been on the market for 18 days, and is neither bank-owned nor…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[145,556,734,735],"coauthors":[],"class_list":["post-18204","post","type-post","status-publish","format-standard","hentry","category-features","tag-appraisal","tag-contest","tag-game","tag-guess-the-price"],"yoast_head":"\nGuess the Price Round 2: We Have a Winner! \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2011\/12\/20\/guess-the-price-round-2-we-have-a-winner\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Guess the Price Round 2: We Have a Winner! \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Recall the price-guessing contest posted to these pages on July 20th: Guess the Price Round 2: Capitol Hill Remodel Flip Today’s “Guess the Price” guest star is 1520 24th Ave E in Seattle. 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