Reply to $4.5 million in Burleith???

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Reply to "$4.5 million in Burleith???"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is happening in Burleith?? [/quote]

Anything remotely affordable sells quickly.

This property is an overpriced white whale with an unreasonable seller. [/quote]

Not so sure about that.

There are 8 homes for sale in Burleith, per Redfin. Days on market for each:

14 days
43 days
66 days 
77+ days (actually longer because it was delisted)
78 days
93 days
93 days
225 days

There have been 6 homes sold in Burleith over the past three months. Half were on the market for 3+ months.

[/quote]

Which of these houses is affordable? The cheapest is 2.15mil and it is an odd house with no outside space. Every single one of this house has issues and all are very expensive. People who can afford that price point have options. [/quote]

What are the issues with each of these houses? Looks like Burleith is in trouble [/quote]

lol it’s not in trouble. It’s full of owners with either paid off homes or sub 3.5% interest rates. Anything below $2M sells quickly:

$1.6m - under contract in 4 days
https://redf.in/U7oKrv

$1.45m - under contract in 1 day
https://redf.in/EIsu8s

$1.23m - under contract in 2 days
https://redf.in/ThFjOy

$1.25m - under contract in 1 day
https://redf.in/GadPj6

$1.23m - under contract in 3 days
https://redf.in/FnMHSl

$2m - under contract in 9 days 
https://redf.in/YZGPfp

The ugly developer spec flips always take forever to sell.[/quote]

Anything below $2 million will sell quickly in any desirable DC neighborhood. Burleith isn't the real estate utopia you think it is.[/quote]

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