Anonymous
Post 11/09/2018 10:17     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:Homes in gtown are up only like 15% over last five years. Taking inflation into account they have not gone up in price in five years.


The BLS says inflation over the last 5 years is 7.81%.

I really wish people wouldn't post "statistics" they pull form their ass.
Anonymous
Post 11/09/2018 10:14     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:
Anonymous wrote:https://www.redfin.com/DC/Washington/1562-33rd-St-NW-20007/home/9930255

Single family home in G=town under 800K


994 sq ft tho!


We have an end unit. Very tiny bit bigger and on quiet East Village street vs West (university side). We have been renting out since 2007. Bought $600k in '04.

I haven't been falling market close like I used to, but I gaged ours worth around $775-780k.

It's the worst time of year for sellers, btw, going into Holiday season and dead of winter. Buyers might be able to get a steal.
Anonymous
Post 11/09/2018 10:12     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:https://www.redfin.com/DC/Washington/1562-33rd-St-NW-20007/home/9930255

Single family home in G=town under 800K


This house is in need of MAJOR structural repair - no thanks!
Anonymous
Post 11/09/2018 10:07     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:https://www.redfin.com/DC/Washington/1562-33rd-St-NW-20007/home/9930255

Single family home in G=town under 800K


994 sq ft tho!
Anonymous
Post 11/09/2018 10:03     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
https://www.redfin.com/DC/Washington/1562-33rd-St-NW-20007/home/9930255

Single family home in G=town under 800K
Anonymous
Post 11/09/2018 09:58     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Homes in gtown are up only like 15% over last five years. Taking inflation into account they have not gone up in price in five years.
Anonymous
Post 11/09/2018 09:55     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:It just seems to be that Gtown properties are sitting on the market much longer.


That's because there are so many other, less expensive, metro accessible options!
Anonymous
Post 11/08/2018 21:18     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:It just seems to be that Gtown properties are sitting on the market much longer.



+1.
Anonymous
Post 11/08/2018 19:59     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
It just seems to be that Gtown properties are sitting on the market much longer.
Anonymous
Post 11/08/2018 19:24     Subject: Re:Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Seems like that could swing with a $20m sales here and there. Didn't one of the mega houses sell last year for that?


never mind, that would only affect the average, not the median.


It would affect the median as well, but not dramatically. Just as much as a $1.5m sale.

Op, what's the sample size?


It was based on the 29 homes sold during that period.


Given that and the variance in prices in Georgetown, I’d say the info in the thread’s headline is noise, not signal.
Anonymous
Post 11/08/2018 18:34     Subject: Re:Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Seems like that could swing with a $20m sales here and there. Didn't one of the mega houses sell last year for that?


never mind, that would only affect the average, not the median.


It would affect the median as well, but not dramatically. Just as much as a $1.5m sale.

Op, what's the sample size?


It was based on the 29 homes sold during that period.
Anonymous
Post 11/08/2018 18:02     Subject: Re:Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:
Anonymous wrote:Seems like that could swing with a $20m sales here and there. Didn't one of the mega houses sell last year for that?


never mind, that would only affect the average, not the median.


It would affect the median as well, but not dramatically. Just as much as a $1.5m sale.

Op, what's the sample size?
Anonymous
Post 11/08/2018 17:37     Subject: Re:Georgetown median sale price is $1,155,000, down -4.9% since last year
Anonymous wrote:Seems like that could swing with a $20m sales here and there. Didn't one of the mega houses sell last year for that?


never mind, that would only affect the average, not the median.
Anonymous
Post 11/08/2018 17:37     Subject: Re:Georgetown median sale price is $1,155,000, down -4.9% since last year
Seems like that could swing with a $20m sales here and there. Didn't one of the mega houses sell last year for that?
Anonymous
Post 11/08/2018 17:33     Subject: Georgetown median sale price is $1,155,000, down -4.9% since last year
On the heals of the the other thread re price drops in NW DC: According to Redfin, Georgetown median sale price is $1,155,000, down -4.9% since last year .