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Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]6. 108 7th Street SE (3/2.5, 1826 sf, $1.25m) 99 days on market, six price cuts totaling $275k https://www.redfin.com/DC/Washington/108-7th-St-SE-20003/home/9901753 [/quote] The sellers screwed themselves by listing at a much too optimistic price. $1,475,000 for 1800 sf that looks like a generic flip? Yeah, no. $1.25M is closer, and it might have sold quickly if that was the initial asking price. But now that's it's been sitting so long, it needs more price cuts. I'm not one to say, "Price. It's always about price." But in this case...yeah, it's about price. [/quote] Yup. Wrong price at wrong time. Other than street parking, not a single issue. Nice house, nice street. If i was in market, I would totally make an offer for $1.2M, could've gone for $1.4M in spring market.[/quote]
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