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Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous]I would not say that most of the Cap Hill row home market has appreciated by ~7% in the last eight months. It'll be interesting to see what this closes for. Very surprised that 108 7th St SE is still on the market for 83 days and $225k in price cuts! https://www.redfin.com/DC/Washington/108-7th-St-SE-20003/home/9901753 [/quote] You can cut prices by a heck of a lot and still not sell if your starting price is in the stratosphere. I have no idea why they thought $1.475M was a reasonable starting price for an 1,800 sf generic flip (that was flipped eight years ago). They don't seem to have made any real updates since 2014, either—and I'm not a fan of some of what has changed (like painting the interior brick white). $1.25M is still quit a bit too high, IMO. [/quote]
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