DC condo: $900k in 2017 -> $770k in 2025
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Anonymous
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Is this value decline the norm for DC condos, or is it unique to this building/neighborhood?
https://redf.in/l1Z1kd |
Anonymous
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They priced it to sell. The 2017 price is pretty shocking (for a 2 bed/bath!) though it would’ve been a new build then, in an excellent neighborhood, with a parking space. Looks like they also tried a couple of times to sell in 2021 before renting (for $4800/month, not bad for the owner).
Overall, though I wouldn’t say the dc condo market is hot, this is more a case of overpaying back in 2017. Someone was still willing to pay $770k for a 900 sqft condo these days— not so bad! It’s Logan Circle, so that is the main driver. |
Anonymous
| Condos are the worst investment you can do. When we bought our house in 2019 the condos that were selling for 500k are selling today in 2025 for 450k. In the meantime the house we bought in 2019 for $500k is worth $700k today. |
Anonymous
Not all condos are bad investment. |
Anonymous
Did you have a crystal ball in 2019? Did you know that there would be a historic pandemic that would drive up prices of SFHs and not condos? |
Anonymous
| The rise of HOA cost matters - as it's the whole cost to a buyer that matters |
Anonymous
Houses are bad investment. I bought bitcoin in 2020, sold it, and bought it back in 2023 using someone else's money. I sold three properties and have no desire to own any time soon. |
Anonymous
It’s not just covid. |
Anonymous
Well, condos were a great investment from 2000 to 2005. Many people bought pre-construction condos during that time, then by the time the condos were built, they flipped them for double. |
Anonymous
| Monthly condo fees make them an absolute no for me. |
Anonymous
| Not the norm but many people who can afford that don’t like to have to deal with drug dealers and gun fights. Peace out. |
Anonymous
| It’s not a great location it’s walkable to several fun neighborhoods but it’s in a bit of a dead zone. |
Anonymous
Yes they are HIA fees go. Up up up plus assessments |
Anonymous
| Money is leaving. |
Anonymous
The vast majority of condos are a bad investment. They tend to lose value after adjusting for inflation and financially it would be better to rent than buy a condo. SFH houses have the best appreciation because of the embedded land value, THs can also be a decent option. |