Capitol Hill State of the Market?

[Anonymous]

Anonymous wrote:

Don't know how much to make of this because there are always some listings that drop their price - so what was the percent that dropped price prior to this year in this neighborhoods.

Still though....

https://dc.urbanturf.com/articles/blog/where_are_home_sellers_dropping_their_price_in_dc/21998

Wonder how much the Capitol Hill numbers even differ by sections of Capitol Hill - i.e. closer in vs. outer areas, etc. Seems outer areas seem to be sitting longer and seeing more price drops.

[Anonymous]

This will be a good data point on the state of the "close-in" Hill Market. Right across from St. Peter's. I doubt it will go for "only" $1.1 million?

https://www.zillow.com/homedetails/321-E-St-SE-Washington-DC-20003/415099_zpid/

[Anonymous]

Anonymous wrote:This will be a good data point on the state of the "close-in" Hill Market. Right across from St. Peter's. I doubt it will go for "only" $1.1 million?

https://www.zillow.com/homedetails/321-E-St-SE-Washington-DC-20003/415099_zpid/

This seems quite underpriced. I would be very surprised if it doesn't go for substantially more, unless there is some issue that is not apparent from the listing.

As to the general question regarding the state of the market, homes in the $1.4-1.6 million range still seem to go quickly, assuming that they are in reasonably good shape. Higher price points vary.

[Anonymous]

Anonymous wrote:This will be a good data point on the state of the "close-in" Hill Market. Right across from St. Peter's. I doubt it will go for "only" $1.1 million?

https://www.zillow.com/homedetails/321-E-St-SE-Washington-DC-20003/415099_zpid/

A gem at this price and location.

[Anonymous]

OP just list your house with an aggressive price for a week and see what comes in. You’re not obligated to accept an offer.

[Anonymous]

OMG.

OPEN HOUSES ARE CANCELLED. PROPERTY IS UNDER CONTRACT.

[Anonymous]

(The OMG is for the 321 E Street listing that just went up yesterday)

[Anonymous]

Yup unsurprising! Good properties are still going super fast on the Hill!

[Anonymous]

Can’t wait to see what that went for. I would guess $1.3+, easily. Lovely home in a great location that looked to be in very good shape.

[Anonymous]

Happy Tuesday, Hill RE fans. Two more to keep an eye on:
1) 1115 C St SE - 3br for $999k (https://www.redfin.com/DC/Washington/1115-C-St-SE-20003/home/9909112). Love the location & the price, seems underpriced for a 3BR?
2) 119 Tennessee Ave - 4br for $1.4m (https://www.redfin.com/DC/Washington/119-Tennessee-Ave-NE-20002/home/9911203). This house has been on/off the market since last June - has anyone actually been through? The decor is straight out of the Jetsons

[Anonymous]

Anonymous wrote:This will be a good data point on the state of the "close-in" Hill Market. Right across from St. Peter's. I doubt it will go for "only" $1.1 million?

https://www.zillow.com/homedetails/321-E-St-SE-Washington-DC-20003/415099_zpid/

This has already closed, at $1.35 million. (Listed at $1.15m, went pending in about 24 hours)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Now that the peanut gallery is riled up, very curious what folks think of the only two "family homes" available in the heart of Historic district right now:
- 1327 North Carolina NE - 2br 2ba for $995k (https://www.redfin.com/DC/Washington/1327-N-Carolina-Ave-NE-20002/home/9914044)
- 607 G Street SE - 3br, 2ba for $950k, but it's been on the market since last July on and off and seems to be a complete gut (https://www.redfin.com/DC/Washington/607-G-St-SE-20003/home/9900787)

There continues to be a significant lack of supply for ~3br homes around Brent or Eastern Market for <$1.5m, which is simply too expensive for most families.

That block of NC is a disaster due to the new bike lanes and the current Maury/Miner situation would not make me want to be IB with small children.

And G Street is way overpriced for no interior photos. IB for Brent and good location, though.

Don't think the new NC setup is a disaster at all, I'd be more likely to live there now that they did that design. It's right by Lincoln park. And I live in Rosedale so that bike lane/blocked NC entry off of Lincoln changed my route home, but not a big deal (I go to D St now and turn right). Would also note that a lot of ppl bike/walk in that area of the hill so that setup makes it safer than it was for a family with kids. Crossing the major corners with kids into Lincoln or Stanton Park is always kind of nerve wracking the way some people drive.

+2.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This will be a good data point on the state of the "close-in" Hill Market. Right across from St. Peter's. I doubt it will go for "only" $1.1 million?

https://www.zillow.com/homedetails/321-E-St-SE-Washington-DC-20003/415099_zpid/

This has already closed, at $1.35 million. (Listed at $1.15m, went pending in about 24 hours)

I was PP guessing it would go at $1.3, but even I'm surprised it went over. Great house in a great spot

[Anonymous]

I'm pretty interested in finding a Capitol Hill rental if anyone has leads! Everything on Zillow is either really old & overpriced or new and priced like a mortgage from last year.

[Anonymous]

Which neighborhoods? Size? Wants?