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Reply to "Lyon Village - please explain"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm sorry you can't afford the house you want OP[/quote] I'm struggling to understand the value proposition for Lyon Village. If I had $3mil I don't think I would buy there. I'd buy in NW DC or on the Hill, and save the extra for private school. Were all these $3mil houses flipped/new construction in anticipation of Amazon execs moving in?[/quote] Maybe your valuation process is flawed. https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908 Have you checked prices in DC for comparable properties? Prices have gone up a lot in many places this year. Find a decent, new construction home in quiet, walkable location in DC. How much more/less is it than these LV homes? How much do you have left from your $3M budget? If any. [/quote] yes I have, that’s why I’m asking. $3 mil for a rather dumpy looking block seems like a lot. [/quote] Example of comparable CP home that is cheaper? [/quote] https://www.redfin.com/DC/Washington/3201-Porter-St-NW-20008/home/9984376 https://www.redfin.com/DC/Washington/3067-Ordway-St-NW-20008/home/9984908 https://www.redfin.com/DC/Washington/3501-30th-St-NW-20008/home/9985129 https://www.redfin.com/DC/Washington/3530-Van-Ness-St-NW-20008/home/9972926 [/quote] Since you're only acknowledging the most expensive houses for sale in Lyon Village, not sure why you aren't including the most expensive houses in Cleveland Park as well $3.4 Mil https://www.redfin.com/DC/Washington/3415-Woodley-Rd-NW-20016/home/9985816 $3.8 Mil https://www.redfin.com/DC/Washington/3401-Lowell-St-NW-20016/home/9985782[/quote] It’s the concentration of $3 mil in Lyon Village compared to other neighborhoods that seem striking. And yes, $3 mil in a nicer neighborhood makes more sense than Lyon Park to me. But seems clear - people are paying for detached SFH in an urban neighborhood that is not DC. [/quote]
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