Reply to Is crime affect DC's real estate market?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.[/quote]

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?[/quote]

No, only terminally online helicopter parents think crime is anything to worry about. The real reason is because DC has way more condos for sale which take far longer to sell than detached houses. [/quote]

It's not just condos, it's rowhouses that are sitting if you are paying attention. I've watched real estate in my neck of Hill East and have never seen rowhouses sit for so long. Currently, my specific neighborhood has more houses than I've ever seen simultaneously for sale in the 15 years I've lived there and have watched every real estate listing, and they are sitting for weeks and sometimes months.[/quote]

DP to add, live in a higher crime area and yes it impacted us moving. I guess people are helicopter parents if they don't like listening to gunshots while sitting in their living room or have people murdered within a block of their house? Hill East has seen a really horrible slate of drive by shootings this year with people literally having to drop to the ground with bullets flying.[/quote]

This is literally the reason that the people
I know left Hill East.  Cowering in their home while a drive-by shooting happened (after a spate of other nearby violent crime) was the straw that broke the camel's back.  Add to it the fact that it's not very walkable and the schools are terrible, and I don't know why anyone would want to live there.  People are waking up.[/quote]

Plus being represented by a council member who thinks violent crime is just part of "city living".[/quote]

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