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Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous]Sorry but my neighbor just sold her 2-bedroom condo for 100k more than she paid 3 years ago. A condo. She'll net more than 60k after closing costs and she didn't spend any money on improvements and was only there 3 years. And again, this is a condo, which never sell as quickly as SFHs and rarely appreciate as well. DC is still an extremely hot market and it very much remains a sellers market. If the bubble is popping, there are no real signs of it yet.[/quote] Did your friend live in NOVA, Navy Yard, Georgetown or the Wharf? There’s some indication that those areas are the only strongest areas for condos at the moment. https://dc.urbanturf.com/articles/blog/the-five-dc-zip-codes-where-home-prices-have-dropped-the-most-in-2021/18582[/quote]
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