Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A bunch of homes that didn't sell over the summer have been relisted with lower prices. Also looks like contracts fell through on these two. [b]I think the recent flipper listings in the $1M range have missed the boat -- prices finally seem to be coming back to earth in this neighborhood. [/b]
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And your impression is based on...? See, below.

https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402

https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202

https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519

https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901

https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908

https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172

https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167

[/quote]

Providing examples of houses that went under contract over the summer and closed during the past few months actually proves my point. Summer was a great time to make a killing as a seller. Recent listings have not fared as well. We'll see how things go over the fall and winter. Mortgage rates are way up with Biden winning and COVID vaccine announcement.[/quote]

Fall and winter are traditionally slow times.  So is summer, except because of Covid, the peak spring season was pushed back into summer.   Real estate is seasonal, even around here.  [/quote]

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