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Real Estate
Reply to "your predictions for "hot" neighborhoods in DC next year?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Riggs Park is already over priced and homes are sitting, the same with Michigan Park. I think the area surrounding H street and outward will be hot. [/quote] The stuff that's still on the market now is over-priced, and that's why it's sitting, but homes that were priced in line with comps and their actual condition have sold quickly. I think anything that's been on the market for more than a month or two in any DC neighborhood probably is overpriced for what it is. I'm not sure how much more price appreciation there can be in the greater H street area--how many more hipsters can there be with at least $600,000 to spend?[/quote] I agree that the price appreciation around H Street is wild, but the buyers aren't hipsters. They are pretty much yuppies--some with artistic inclinations--as far as I can tell. I live here, and those are my neighbors.[/quote] Correct. Yuppies own the home, hipsters rent out their basements.[/quote]
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