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Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous]Sold quickly at asking price. https://www.redfin.com/DC/Washington/1319-D-St-NE-20002/home/9913305[/quote] I think under 900k might be the sweet spot for this market if you want to move fast. I think some of the ones we have seen sitting aimed just a little to high, in the 900s, and would have done better listing around 850k or so. For homes that the sellers bought before 2012 or so, that's still a very good ROI even if you put money into it. For instance, this place was purchased in 2008 for 470k. Even if you assume they spent 50k on upkeep/renovations, that's still over 300k in profit. The people who might struggle to sell now bought within the last 8 years, especially those who bought within the last 2 years. But this is why you should buy a home assuming you will live there for at least 10 years. It's always been the rule of thumb and still is now. It's the only way to protect yourself against cycles in the market.[/quote]
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