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Reply to "Why isn’t this house in H street corridor selling? "
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[quote=Anonymous][quote=Anonymous]We need to see what that comp closes at before judging.[/quote] A fair point. But the price history for those two houses is interesting. Per Zillow: 814 8th St. NE 6/6/20: Listed at $1,100,000 7/9/20: Price drop to $1,085,000 7/18/20: Price drop to $1,075,000, and taken off the market the same day(?) 825 8th St. NE 7/2/20: Listed at $1,375,000 7/21/20: Price drop to $1,349,000 So when 825 listed at $1.375 million, 814 had already been on a market for nearly a month at $1.1 million. It takes a certain level of optimism to ask for that much more money than a house that is fairly comparable but hasn't sold at a much lower asking price.[/quote]
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