Reply to I think the bubble is popping.

Forum Index » Real Estate

Reply to "I think the bubble is popping."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

Where was her condo?

I have a completely remodeled condo in SE DC (Fairfax Village) that I am thinking about selling. [/quote]

H Street area. Proximity to something like H Street is key, I think. It gets the right buyers through your door (people who want to be close to lots of bars, restaurants, and other city amenities). I think condos in purely residential areas are a tougher sell because your target market is “people who cannot afford a SFH in this neighborhood.” It dampens enthusiasm.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics