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Real Estate
Reply to "Shaw condo drops $200k in value "
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[quote=Anonymous][quote=Anonymous]Wow, that is not a $1m condo. Even in 2019. They waaaaaaay overpaid for new construction. [/quote] I agree with this. It's correctly priced now, it was way overpriced then. For comparison, here is a 3 bed, 3 bath condo (row house conversion) nearby that is now listed for 799k after a bunch of price drops. Also partially below grade, also updated (the updates to the 850k one are nicer). Almost same size: https://redf.in/jIPq13 The market in DC kind of lost its mind when rates were low. This is part of the correction. I think crime is pretty minimally at play here, especially because condo-dwellers are less likely to be bothered by it (also less likely to have kids, which impacts how bothered they are).[/quote]
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