Yikes! Is the DC housing market this bad?

[Anonymous]

https://www.redfin.com/DC/Washington/4358-Argyle-Ter-NW-20011/home/10011834


This house in Crestwood sold in 2024 for a much higher price than it got this year. First, I am wondering is there something wrong with the house or is it just the DC housing market is really bad. Anybody have any insights?

[Anonymous]

The federal government is being sold for parts. Old workforce and lot of (early) and forced retirements, without backfilling.

It’s a bad time for appreciation in the DC metro

[Anonymous]

Anonymous wrote:https://www.redfin.com/DC/Washington/4358-Argyle-Ter-NW-20011/home/10011834


This house in Crestwood sold in 2024 for a much higher price than it got this year. First, I am wondering is there something wrong with the house or is it just the DC housing market is really bad. Anybody have any insights?

It's not that much lower. I don't know about you, but I'd be awfully skeptical why someone sold it so quickly. Haunted?

[Anonymous]

I think this is an expected result when you sell after only a year. The market is slow, but this one is particularly bad. The house struggled to sell in 2019 too, so it’s not surprising.

[Anonymous]

Anonymous wrote:I think this is an expected result when you sell after only a year. The market is slow, but this one is particularly bad. The house struggled to sell in 2019 too, so it’s not surprising.

It's also an ultra-modern house which is always a strange decision on behalf of builders...in all parts of the city, they always sit for much longer than traditional styles. EOTP adds another layer of complexity.

There is a $1.8MM home in CC that just sold in 30 days that is a complete fixer...will likely require at least $500,000 of work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.redfin.com/DC/Washington/4358-Argyle-Ter-NW-20011/home/10011834


This house in Crestwood sold in 2024 for a much higher price than it got this year. First, I am wondering is there something wrong with the house or is it just the DC housing market is really bad. Anybody have any insights?

It's not that much lower. I don't know about you, but I'd be awfully skeptical why someone sold it so quickly. Haunted?

It probably is. I'm guessing that's it. It sure looks weird.

[Anonymous]

Homes over 1.5M or so are moving more slowly, even in desirable locations. Homes under that are moving, and they are selling especially fast in areas with homes in that just-under or at 2M range.

[Anonymous]

The sale history also says the 2024 sale was “part of a multi property sale” - I don’t know exactly what that means, but the house was then listed for rent before being listed for sale. So there’s probably more going on than just a small drop in value.

[Anonymous]

For those that don’t want to dig around for the info-

It sold for 2.199 in July 2024
It sold for 1.910 in Dec 2025

A 13% decrease

Could have be for any reason- job loss, relocation, divorce. Or could be soft real estate market.

[Anonymous]

My neighborhood has houses ranging from 900k to over $4 million. The interesting thing is that the $2.5 million+ houses seem to be moving faster than the 900k-$1.3 million houses.

[Anonymous]

Anonymous wrote:My neighborhood has houses ranging from 900k to over $4 million. The interesting thing is that the $2.5 million+ houses seem to be moving faster than the 900k-$1.3 million houses.

We are selling soon and our realtor noted this exact phenomenon. Unfortunately we are in the lower range you mention!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think this is an expected result when you sell after only a year. The market is slow, but this one is particularly bad. The house struggled to sell in 2019 too, so it’s not surprising.

It's also an ultra-modern house which is always a strange decision on behalf of builders...in all parts of the city, they always sit for much longer than traditional styles. EOTP adds another layer of complexity.

There is a $1.8MM home in CC that just sold in 30 days that is a complete fixer...will likely require at least $500,000 of work.

EOTP does NOT add complexity. It's Crestwood.

[Anonymous]

[twitter]

Anonymous wrote:

Anonymous wrote:I think this is an expected result when you sell after only a year. The market is slow, but this one is particularly bad. The house struggled to sell in 2019 too, so it’s not surprising.

It's also an ultra-modern house which is always a strange decision on behalf of builders...in all parts of the city, they always sit for much longer than traditional styles. EOTP adds another layer of complexity.

There is a $1.8MM home in CC that just sold in 30 days that is a complete fixer...will likely require at least $500,000 of work.

can you post link? Thx

[Anonymous]

It's mostly just a timing thing. The bought at a peak, pre-Trump, and are selling in a slump due to Trump's fed cuts and just general malaise in DC due to Trump's policies.

This is always a risk, in any city, if you sell a year after you buy. There are always little ups and downs in the market but generally if you can hold onto a property for 5-10 years, those get smoothed out a bit and you will get at least some appreciation (how much depends on the city and the timing).

Also, no one sells after just one year unless (1) something has gone terribly wrong, or (2) they don't care about money. They listed the house for less than they bought it for in 2024, so they were highly motivated sellers and knew they were going to lose money on the sale from the start. So I'm guessing divorce, major financial problems (perhaps over leveraged when they bought), death, or similar.

I doubt it is a problem with the house because it still sold for 1.9m, and if it was a problem discovered after the last buyer bought, it likely would have made more sense to hold onto it and remediate than to sell for a loss. The location is good and it's a large house, so it should gain in value over time, which would cover the costs of remediation. It's obviously not a tear down or it wouldn't have gotten the price it got.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My neighborhood has houses ranging from 900k to over $4 million. The interesting thing is that the $2.5 million+ houses seem to be moving faster than the 900k-$1.3 million houses.

We are selling soon and our realtor noted this exact phenomenon. Unfortunately we are in the lower range you mention!

It's the exact opposite in my area (FCC and adjacent FFX in Mclean hs pyramid). The 1.2M will sell immediately and the 2.5M will languish on the market. Families want the area at the more affordable price point.