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Answers (3)
- Cliff Geissler, "cgeiss"
- Contributions:2
Zillow is basing its value of home, by the towns assesment. which is false, Hilltop is a premier street surrounded by comparables much higher in value. That home was fully renovated to perfection. It sold for what a new home would sell for in SH
- CirclingVulture
- Contributions:429
I'm saying local realtors are sending out their false May propaganda reports which state this property sold after "27 Days on Market."
How the realtors/NAR get away with continually reporting false market data to consumers is beyond me.
Also, don't get confused with opinion vs fact. Opinions are nice, as everyone has one, but facts are infinitely more valuable. The two data points of "Sold for X% of Asking Price" and "Days on Market" are continually hyped by realtors as market indicators.
How the realtors/NAR get away with continually reporting false market data to consumers is beyond me.
Also, don't get confused with opinion vs fact. Opinions are nice, as everyone has one, but facts are infinitely more valuable. The two data points of "Sold for X% of Asking Price" and "Days on Market" are continually hyped by realtors as market indicators.
- LaughingHyena
- Contributions:81
CV,
Same thing here. Are you saying that the market is still going up? Look at the value of the home and the sales price. This home sold way over its true value. US$ 2.5 MM, I guess the broker waved her magic wand - and pointed to the kitchen, filled the buyers with emotion (which you discount), or the market is full of people ready to catch falling knives.
Yes, it is below the original asking price, but it is approximatley US$ 700 K over value
Same thing here. Are you saying that the market is still going up? Look at the value of the home and the sales price. This home sold way over its true value. US$ 2.5 MM, I guess the broker waved her magic wand - and pointed to the kitchen, filled the buyers with emotion (which you discount), or the market is full of people ready to catch falling knives.
Yes, it is below the original asking price, but it is approximatley US$ 700 K over value
290 Days on Market, Sold $450,000 Below Asking
Below is the listing history for this property:
Jul 25, 2007 - $2,975,000 - MLS 2429359
Oct 10, 2007 - $2,795,000
Nov 29, 2007 - WITHDRAWN
Jan 15, 2007 - $2,795,000 - MLS 2476459
Feb 09, 2008 - Under Contract
May 15, 2008 - Closed at $2,525,000
Posted: June 5, 2008
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