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Reply to "DC condo: $900k in 2017 -> $770k in 2025"
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[quote=Anonymous][quote=Anonymous]A lot of the pre construction condo sales around that time sold too high. There was a big condo construction boom around then. Declines like that mostly happened during the condo sell out. [/quote] +1. I think it is more of a case of overpaying in the first instance. Would need to pull more comps but this price doesn’t seem wildly low or high for Logan Circle/Shaw. The parking spot alone in that area is worth roughly $50k. [/quote]
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