Reply to Anyone Sell Recently for Less than or Marginally More than you Paid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you guys in dc?[/quote]

In a DC, generally it's a Dickinsonian market, a tale of two cities. [b]marginal neighborhoods with so-so schools have not recovered while desirable places for wealthy folks have far exceeded previous bubble.[/b] Exception to this is gentrifying places, but that's pretty transformative and hard to compare apples to apples. [/quote]
+1 Absolutely. Houses in our neighborhood are right on the edge. Inside border for great school, but still far. Just barely getting what we paid when you add renovations. 2006.[/quote]

Not always true about desirable neighborhoods far exceeding the previous bubble!

here is one example, although there are many - http://www.redfin.com/DC/Washington/3731-48th-St-NW-20016/home/9947039

On the market for $150K less than they purchased it for in 2005.  Gorgeous home inside and out. Highly sought after neighborhood in spite of the munitions fiasco.

here are a few more painful transactions about to take place

http://www.redfin.com/MD/Bethesda/5605-Cromwell-Dr-20816/home/10665746

http://www.redfin.com/MD/Bethesda/5416-Albia-Rd-20816/home/10675003

http://www.redfin.com/MD/Bethesda/6432-Wiscasset-Rd-20816/home/10649029

http://www.redfin.com/DC/Washington/2932-Mckinley-St-NW-20015/home/9993197

http://www.redfin.com/DC/Washington/6621-31st-St-NW-20015/home/9995141

yes, those wealthy neighborhoods have for sure surpassed bubble prices[/quote]

Confused. All of those above links are listing above the previous prices. And I would expect many of them, particularly the 800K or so ones, to settle above asking.[/quote]

not all of them!! also commissions and closing costs on a house in this price range is a minimum $50K. do the math![/quote]

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