{"id":19080,"date":"2012-02-23T07:00:17","date_gmt":"2012-02-23T15:00:17","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=19080"},"modified":"2012-02-22T23:28:37","modified_gmt":"2012-02-23T07:28:37","slug":"guess-the-price-round-3-we-have-a-winner","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/02\/23\/guess-the-price-round-3-we-have-a-winner\/","title":{"rendered":"Guess the Price Round 3: We Have a Winner!"},"content":{"rendered":"

Recall the price-guessing contest posted to these pages on November 8th: Guess the Price Round 3: A Familiar Ballard Home<\/a><\/p>\n

\"7310<\/a>Today’s “Guess the Price” guest star is 7310 19th Ave NW in Seattle<\/a>. With a current asking price of $437,000<\/strong>, this home has been on the market for 10 days, and is neither bank-owned nor a short sale. It sits between the Loyal Heights Playfield and Salmon Bay Park in the north end of Ballard<\/a>, where the median sale price of single-family homes in October was $388,000.
\n…
\nLast time this house was sold (April 2005) it went pending in three days and sold for $42,250 over the asking price, closing at $431,200.<\/p><\/blockquote>\n

We had 32 guesses in the contest before it closed, with prices ranging from $290,000 to $433,000. The average price guessed was $379,152, and the median guess was $391,475. 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 Friday (after just 111 days on market), with a closing price of $423,400<\/strong>—just $5,400 above the price guessed by commenter Jason<\/a>. Congratulations! I’ll be contacting Jason privately to arrange receipt of his prize.<\/p>\n

The final sale price came in 3% lower than the original asking price, and 1.8% lower than what this house sold for in April 2005.<\/p>\n

In the first round<\/a> the average of all the guesses came in 2.2% lower than the final sale price. In the second round, the average guess was 5.5% above the final sales price. This round, your guesses were 10.5% lower than the final sale price. Hmm, not exactly an improvement. Apparently you all underestimated the power<\/strong> of the Ballard<\/em>.<\/p>\n

P.S. (You may notice a dot way out in October that’s closer to the final sale price. That was a guess by Dweezil<\/a>, who named a price of $421,000 but specifically qualified that it would be a foreclosure sale back to the bank. Since this was not a foreclosure sale, Dweezil’s guess was disqualified.)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Recall the price-guessing contest posted to these pages on November 8th: Guess the Price Round 3: A Familiar Ballard Home Today’s “Guess the Price” guest star is 7310 19th Ave NW in Seattle. 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