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Real Estate
Reply to "Anyone seen this house in Bethesda? Overpriced?"
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[quote=Anonymous][quote]it will suffer even after reduction.[/quote] If it had been listed at the (admittedly unrealistic) $825K for six months before the reduction, maybe. But it's pretty common to have a list price for one month before a reduction, and this is a significant reduction that brings it close to what I consider market price. [quote]This hosue is probably worth 600k.[/quote] Wrong. The last house that sold for $600K in that subdivision was a 1955 time-capsule rambler on a busier street in a weaker market (late fall 2010) which sold for list price in a week. Nothing else there has sold for less than $600K since 2003. [/quote]
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