Georgetown median sale price is $1,155,000, down -4.9% since last year

[Anonymous]

Anonymous wrote:

Anonymous wrote:Homes in gtown are up only like 15% over last five years. Taking inflation into account they have not gone up in price in five years.

The BLS says inflation over the last 5 years is 7.81%.

I really wish people wouldn't post "statistics" they pull form their ass.

Ok but when you take into account selling costs and inflation you can’t tell me that you earned a decent return on your GT home. You didn’t.

[Anonymous]

Interesting. I get these updates from Redfin for Burke where I live and was surprised to see the median sale price is up 3.3% from last month and 7.9% from last year. But at the same time, I'm seeing all these price cuts all over the place.

[Anonymous]

I for one, am holding off buying in Georgetown. Will see what the spring market will bring in other NW neighborhoods.

[Anonymous]

Anonymous wrote:I for one, am holding off buying in Georgetown. Will see what the spring market will bring in other NW neighborhoods.

+1

[Anonymous]

The last few weeks of weeks of higher mortgage rates and a scary stock market and the fact it is getting near the dead part of season between Thanksgiving and Presidents day is not reflected in recent sales. Can take 60-90 days to close. A lot of those recent sales are from late summer that recently closed.

[Anonymous]

Anonymous wrote:The last few weeks of weeks of higher mortgage rates and a scary stock market and the fact it is getting near the dead part of season between Thanksgiving and Presidents day is not reflected in recent sales. Can take 60-90 days to close. A lot of those recent sales are from late summer that recently closed.

Get real. I haven’t seen less than a 30 day closing since 2009

[Anonymous]

Anonymous wrote:The last few weeks of weeks of higher mortgage rates and a scary stock market and the fact it is getting near the dead part of season between Thanksgiving and Presidents day is not reflected in recent sales. Can take 60-90 days to close. A lot of those recent sales are from late summer that recently closed.

Truth!

[Anonymous]

Is Georgetown the only area in DC that saw a decline in the median sales price?

[Anonymous]

My realtor says things are slow and prices are dropping in all of NW and the close-in suburbs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Homes in gtown are up only like 15% over last five years. Taking inflation into account they have not gone up in price in five years.

The BLS says inflation over the last 5 years is 7.81%.

I really wish people wouldn't post "statistics" they pull form their ass.

Ok but when you take into account selling costs and inflation you can’t tell me that you earned a decent return on your GT home. You didn’t.

You can’t live in the market

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Homes in gtown are up only like 15% over last five years. Taking inflation into account they have not gone up in price in five years.

The BLS says inflation over the last 5 years is 7.81%.

I really wish people wouldn't post "statistics" they pull form their ass.

Ok but when you take into account selling costs and inflation you can’t tell me that you earned a decent return on your GT home. You didn’t.

You can’t live in the market

Well the rest of dc experienced significant price increases. You may not care about money or crime but others do

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Homes in gtown are up only like 15% over last five years. Taking inflation into account they have not gone up in price in five years.

The BLS says inflation over the last 5 years is 7.81%.

I really wish people wouldn't post "statistics" they pull form their ass.

Ok but when you take into account selling costs and inflation you can’t tell me that you earned a decent return on your GT home. You didn’t.

You can’t live in the market

Well the rest of dc experienced significant price increases. You may not care about money or crime but others do

Has there been a significant increase in crime in GT?

[Anonymous]

I

[Anonymous]

Anonymous wrote:https://www.redfin.com/DC/Washington/1562-33rd-St-NW-20007/home/9930255

Single family home in G=town under 800K

This is a Row House NOT sfh

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.redfin.com/DC/Washington/1562-33rd-St-NW-20007/home/9930255

Single family home in G=town under 800K

This is a Row House NOT sfh

Legally it’s a SFH. For example for mortgage purposes you check the box “sfh”.