Brookland?
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Anonymous
| Why are all of these houses in Brookland sitting on the market? It used to be a neighborhood where everyone wanted to buy. It’s still such a beautiful residential neighborhood but the houses aren’t selling anymore. What gives? |
Anonymous
| What are you talking about? Brookland is still a hot neighborhood with lots of houses selling well over $1 million |
Anonymous
| The market is terrible right now. Lowest sales in years, high prices and high interest rates. Who can afford homes anymore? |
Anonymous
| Not safe |
Anonymous
| Show me what houses have been sitting? Only ones I see are the ones way out in Woodridge that are either developer flips and overpriced, or developer flips bought in 2018ish that are also still overpriced. |
Anonymous
| Crime. |
Anonymous
| DC market is soft right now most places east of rock creek park. Most supply since 2010. |
Anonymous
| The headlines about DC metro area do not apply to DC. All the demand is in the suburbs. |
Anonymous
| I would concur with the PPs that cite high prices and interest rates. I think the flippers have really over reached on pricing, and are taking time to come to terms with the failures of their cash grab attempts. |
Anonymous
| Brookland will always have a ceiling that other DC neighborhoods (WOTP and parts of the Hill) don't have because of the schools. The supply of buyers who are willing to both pay that much money while also relying upon either the school lottery or a private-school tuition is small, and has gotten exponentially smaller with interest rates so high. |
Anonymous
|
No. That’s all.
Too dangerous, too mosquitoey, too isolated, too no-good-school Just no |
Anonymous
On the market since 12/23 https://www.zillow.com/homedetails/641-Franklin-St-NE-Washington-DC-20017/491886_zpid/ Been sitting since May https://www.redfin.com/DC/Washington/3219-12th-St-NE-20017/unit-101/home/101837406 Been sitting since March https://www.redfin.com/DC/Washington/524-Regent-Pl-NE-20017/home/45505562 There are others, but homes are definitely sitting even in my zip code of 20011 as well. |
Anonymous
| I live in 20011 and homes have been sitting, even a few in Crestwood. Real estate agent said market in DC has softened. One reason is crime, but I suspect work from home is also a reason. I hope the situation improves. |
Anonymous
I think others are right that the market has softened a bit EOTP. I’ve noticed the same in 20011, especially for flips and row houses vs slightly more dated homes and detached homes, which seem to sell quickly. The third one you linked is especially odd to me though because multiple townhouses in that community sold in the spring for higher prices. The condo isn’t surprising, condos are a tough sell. The first I’m not sure, perhaps priced too high to begin with and lost momentum. |
Anonymous
| Yeah. We’re trying to sell EOTP. Normal times our house would have sold quickly. It’s taking some time. We’re just over 1M, house is large and central, great public transport and walking score. |