Did National Harbor real estate flop?

[Anonymous]

Friend was looking at condos in National Harbor and was interested to find that prices there have flatlined or even declined in value, not even considering inflation.

Example is this one, which sold for $405k in 2017 and sold again for $399k in 2025.

https://redf.in/5v6ITi

What factors are causing National Harbor real estate to be flat/declining in value?

[Anonymous]

Because National Harbor isn't desirable. It's a boring enclave that gets old after a week. No metro, no charm, PG county crime, and $800/mo condo fees.

There simply is no draw to actually live in Nat. Harbor.

[Anonymous]

Also new typically has a premium and without appreciation dwellings can depreciate as they age. Add on increasing HOA fees which is a problem with most communities it affects the price ceiling. If you can afford 3k a month that could be 2400 mortgage and 600$ HOA. If the HOA goes to 800$ and the quality of buyer interested doesn’t change, that means a 2200$ mortgage which will affect the price ceiling and sales price. Most condo appreciation is eaten up by the HOAs. Unless the area become more desirable or money inflates prices often barely move.

[Anonymous]

All of the hassles of a tourist area with none of the upsides.

[Anonymous]

Anonymous wrote:Friend was looking at condos in National Harbor and was interested to find that prices there have flatlined or even declined in value, not even considering inflation.

Example is this one, which sold for $405k in 2017 and sold again for $399k in 2025.

https://redf.in/5v6ITi

What factors are causing National Harbor real estate to be flat/declining in value?

Have you ever been to National Harbor?

[Anonymous]

Anonymous wrote:All of the hassles of a tourist area with none of the upsides.

+1. Nice, fun place to visit but wouldn't want to live there.

[Anonymous]

Yes

PG Co
Condo
No grocery nearby
Casino proximity
Increase in security costs

[Anonymous]

Not unusual for new condos:

https://www.redfin.com/VA/Arlington/1107-S-Walter-Reed-Dr-22204/unit-402/home/101620379 (sold for same price in 2024 as 2019)

https://www.redfin.com/VA/Arlington/1701-16th-St-N-22209/unit-328/home/148174339 (sold for same price in 2024 as 2019)

[Anonymous]

The casino hurt what was already on a downward trajectory.

[Anonymous]

Anonymous wrote:Not unusual for new condos:

https://www.redfin.com/VA/Arlington/1107-S-Walter-Reed-Dr-22204/unit-402/home/101620379 (sold for same price in 2024 as 2019)

https://www.redfin.com/VA/Arlington/1701-16th-St-N-22209/unit-328/home/148174339 (sold for same price in 2024 as 2019)

+1. Not an unusual phenomenon for new condos. Depicting it as something unique to PG County is being disingenuous.

[Anonymous]

Anonymous wrote:The casino hurt what was already on a downward trajectory.

MGM is nice. What are you talking about. I wouldn't want to go there a lot, but have been to shows and out to eat there. It's fun.

[Anonymous]

The surrounding my area is very bad with a lot of crime.

[Anonymous]

Crime crime crime. And remember, PG County had to enforce a teen curfew because of mob fights, etc this past summer.

WITW would want to live there?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The casino hurt what was already on a downward trajectory.

MGM is nice. What are you talking about. I wouldn't want to go there a lot, but have been to shows and out to eat there. It's fun.

If you like the constant smell of weed and don't mind the possibility of being car jacked or being followed home from the casino and robbed.

[Anonymous]

Anonymous wrote:Crime crime crime. And remember, PG County had to enforce a teen curfew because of mob fights, etc this past summer.

WITW would want to live there?

1 million of us. Lol.