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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That house on the dreaded H and 8th block finally sold - https://www.redfin.com/DC/Washington/825-8th-St-NE-20002/home/9902379?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&riftinfo=ZXY9ZW1haWwmbD0yNTgxMzk4JnA9bGlzdGluZ191cGRhdGVzX2RhaWx5XzI0JmE9Y2xpY2smcz1mYXZvcml0ZXMmdD1hZGRyZXNzJmVtYWlsX2lkPTI1ODEzOThfMTYwNTk1MzUwNV8xNCZ1cGRhdGVfdHlwZT03Jmxpc3RpbmdfaWQ9MTIxNjgxOTA0JnByb3BlcnR5X2lkPTk5MDIzNzkmcG9zaXRpb25fbnVtYmVyPTE0[/quote]

[b]Listed, price change, pending/contingent, then pending/contingent again, then sold for $75k under asking (and $100k under original list)[/b]. Though it only took 4 months, which is better than other listings on that strip have done. Seller must have been very motivated.

I am extremely glad I don't own a place on that block.[/quote]

There's a mean girls tendency on this thread to somehow equate a house that went contingent and back on market with spoiled goods. There are lots of reasons a contract would kick out, and many of them don't mean what the mean girls think it means. There's also a pervasive thread on this thread where people view a house that sells for less than list as a failure. Particularly with regard to houses for which there aren't great comps in the immediate area, the seller is playing a guessing game. In the grand scheme of a house at 1.1-1.3, $25k is very little.

Posts like this seem like little more than confirmation bias personified. [/quote]

Mean girl? We're talking about real estate. Unless this is literally your house, I'm not sure why anyone would take these comments personally.

It sold for 100k under original list. That's quite a difference. And while a sale falling through is not always a red flag, it can be when part of a pattern. So it's worth noting when people are wondering why a house is sitting on the market for a while, which this one did. That's unusual in this neighborhood, and the reason why we often speculate as to why on this thread. People are trying to get a sense of the market and it's useful to investigate why some houses sell quickly and others don't.[/quote]

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