Capitol Hill State of the Market?

[Anonymous]

This is my favorite single block on the Hill, but now only seems to have SUPER expensive/overpriced flips:

https://www.redfin.com/DC/Washington/643-Lexington-Pl-NE-20002/home/9899052

https://www.redfin.com/DC/Washington/634-Lexington-Pl-NE-20002/home/9899080

Just a few years ago livable but non-renovated houses were selling in the $1-$1.4 million range.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New 2br in bounds for Brent just dropped at a reasonable 1.1… https://www.redfin.com/DC/Washington/410-G-St-SE-20003/home/9896187?600390594=copy_variant&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Interesting that this hasn’t sold.

There’s a new 1.15M house a block away with an additional bedroom: https://www.zillow.com/homedetails/708-5th-St-SE-Washington-DC-20003/416598_zpid/

That one has been on the market 5 days with no contract. Will be interesting to see how fast it sells.

[Anonymous]

That location is really good, and its pretty, but the ceilings look low. Forced air and mini splits is really weird.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New 2br in bounds for Brent just dropped at a reasonable 1.1… https://www.redfin.com/DC/Washington/410-G-St-SE-20003/home/9896187?600390594=copy_variant&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Interesting that this hasn’t sold.

There’s a new 1.15M house a block away with an additional bedroom: https://www.zillow.com/homedetails/708-5th-St-SE-Washington-DC-20003/416598_zpid/

That one has been on the market 5 days with no contract. Will be interesting to see how fast it sells.

It's under contract now!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442

No powder room and only one bathroom in the 2nd floor is a tough sell

What a weird comment given how houses in the most desirable neighborhoods are often like this.

[Anonymous]

I would say the market is cooling, but $722 A St SE just closed for $220k over ask (https://www.redfin.com/DC/Washington/722-A-St-SE-20003/home/9901710#property-history). Priced for a bidding war, but still.... aggressive

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442

No powder room and only one bathroom in the 2nd floor is a tough sell

What a weird comment given how houses in the most desirable neighborhoods are often like this.

Most houses have at least a powder room on the main floor, even on the Hill. Houses that don't are less desirable and sit longer. Not weird at all.

[Anonymous]

Anonymous wrote:Beautiful place!

https://www.zillow.com/homedetails/128-11th-St-SE-Washington-DC-20003/68071182_zpid/

Nice house in a nice neighborhood.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442

No powder room and only one bathroom in the 2nd floor is a tough sell

That's very property specific. A nice house on a good block would still sell easily.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442

No powder room and only one bathroom in the 2nd floor is a tough sell

Already taken.

[Anonymous]

Any rumblings of what the 2025 market might look like on the Hill? So far, the market seems to be softer -- at least two decent 3BRs for under 1.5m

1) https://www.redfin.com/DC/Washington/325-Constitution-Ave-NE-20002/home/9893725

2) https://www.redfin.com/DC/Washington/605-Constitution-Ave-NE-20002/home/9899602

[Anonymous]

Anonymous wrote:Any rumblings of what the 2025 market might look like on the Hill? So far, the market seems to be softer -- at least two decent 3BRs for under 1.5m

1) https://www.redfin.com/DC/Washington/325-Constitution-Ave-NE-20002/home/9893725

Damn for $1.4 million and over 2,000 sq feet that kitchen is tight. Looks like the kitchen out of an old 1BR apartment, not a house priced this high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Any rumblings of what the 2025 market might look like on the Hill? So far, the market seems to be softer -- at least two decent 3BRs for under 1.5m

1) https://www.redfin.com/DC/Washington/325-Constitution-Ave-NE-20002/home/9893725

Damn for $1.4 million and over 2,000 sq feet that kitchen is tight. Looks like the kitchen out of an old 1BR apartment, not a house priced this high.

I agree. Our house on the Hill (less desirable location) would go for a million, max, and our kitchen is twice that size and nicer in every way.

[Anonymous]

I would not want to live on Constitution Ave - brutal traffic morning and evening

[Anonymous]

I just clicked on 10 random Hill homes for sale on the Redfin map. All of them either had been on the market for 30+ days, had their asking prices cut or both. It's grim out there, and there's a good amount of inventory.