Capitol Hill State of the Market?
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Anonymous
Specifically a 2 bedroom within walking distance (which i define as sub 13 min on google maps) of the capitol south or eastern market metro that is NOT a basement. Do not need parking, am ok with partially furnished. Its for two DINKS which ive heard is the ideal tenant š . Im willing to commit to sub 2 years if its important for someone to keep optionality for getting primary home tax treatmentā¦ could also be open to a rent to own arrangementā¦ |
Anonymous
| Renter PP- you do know most of the housing stock on the Hill (in that walking range in particular) is quite old, right? |
Anonymous
| ^ Yes, im fine with old (as in like, 2000s old, not 1980s old). |
Anonymous
Have you actually been to Capitol Hill? |
Anonymous
There are plenty of places on the Hill that look old from the outside but have been renovated on the inside. 2000s old is not unrealistic. |
Anonymous
| Iām the renter pp. iām not here to argue about the state of kitchens, simply putting a feeler out there if there is anyone lurking, itching to move and curious about renting their place out, iām a tenant who is looking |
Anonymous
What's the difference between a well maintained 1980s renovation and a cheap and nasty 2000s renovation? You must be a kid? |
Anonymous
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On to more fun topics - this wild (old) property at 340 10th St SE - https://www.redfin.com/DC/Washington/340-10th-St-SE-20003/home/189983154
This would be SUCH a fun project for the right buyer. What a funky set of renovations for the price, though - you're really buying the dirt |
Anonymous
why is 1115 C still listed as ācoming soonā? |
Anonymous
The first photo has me confused - is that two rowhouses that were combined? |
Anonymous
I'm tracking that it's two rowhouses + a carriage house (looks unfinished on p20?). At this price point, hard to imagine a owner/renovator buyer - I would bet it's a developer who tries to get it to 3 units |
Anonymous
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Ouch for Capitol Hill, it is slow out there... and if year on year listings are up (51%!), but sales are down, seems the Capitol Hill market is in for a rough go; prices may drop further except for perhaps the very close in areas.
"As we enter the spring housing market, UrbanTurf is starting its annual look at the neighborhood markets around the DC region. Today, we head to Capitol Hill. The Capitol Hill housing market often provides a good sense of what is happening across the larger regional housing market, and that may be the case again this year. Home sales are down about 8% in the neighborhood compared to 2023 while prices haven't moved much. In what seems to be a trend happening around the region, more listings are hitting the market on Capitol Hill. The supply in the first two months of the year is up notably compared to the same time in 2023. Below, we picked out some statistics for the neighborhood that are illustrative of what is happening. $1.041 million -- The average home price on Capitol Hill so far in 2023, down slightly compared to last year. 42 -- The number of homes sold so far in 2023, down 8% compared to last year. 33% -- The percentage of homes that sold within ten days of hitting the market 68 -- The number of active listings on the market in February, up 51% compared to last year." https://dc.urbanturf.com/articles/blog/supply_pops_sales_drop_the_capitol_hill_housing_market_by_the_numbers/22092 |
Anonymous
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One of the two 6th Street SE houses that went on the market last week is already pending.
https://www.zillow.com/homedetails/529-6th-St-SE-Washington-DC-20003/416556_zpid/ |
Anonymous
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529 6th is beautiful
Houses sit on the market because they are overpriced. We have a lot a LOT of realtors crawling all over the Hill and many of them are NOT good at valuing property. |