If you browse real estate blogs – well, of course you do – then you're probably familiar with Curbed LA. One of the blog's regular features is a "PriceSpotter" game, in which a property is described and commenters are asked to guess the price.
At the end of last week, Curbed featured a certain Tree Section property…
If you browse real estate blogs – well,
of course you do – then you're probably familiar with
Curbed LA. One of the blog's regular features is a "PriceSpotter" game, in which a property is described and commenters are asked to guess the price.
At the end of last week,
Curbed featured a certain Tree Section property in the game. OK, now it can be told, it was
3305 Laurel, new and very elaborate construction listed currently for
$3.65m. (This one has been on the market 5 months with no bogus re-lists.)
Many of the Curbed readers' guesses revealed that a lot of LA folks don't know MB.
See the comments in the original story
(click above) or
today's "Big Reveal" graphic. The first guesses were near $1.5m – about what the developer paid
for the lot 23 months ago – but, over time, the consensus grew nearer to $2.5m. (Curbed now complains that someone posted the actual list price, and that this skewed later guesses, even after the offending comment was removed.)
Curbed's conclusion:
This week, the lot of you guessed an average of $1.046 million under the actual asking price. Clearly we need to work on our South Bay real estate lessons.
A point with which we concur.
And yet, we wonder if there's not some kind of inherent intelligence among the uneducated masses commenting on Curbed.
Maybe we locals are blind to things like the location for 3305 Laurel – four blocks from the Chevron refinery, a lot on a narrow street (33rd) with no curbs and erratic, jumbled, quasi-private parking.
We're all accustomed to giant price tags. And this stately home oozes timeless quality – it's seductive.
So who's seeing values clearly, after all?
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 29th, 2023 at 3:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
