Anonymous wrote:

Anonymous wrote:Here are some additional relistings. There are actually far more examples of price drops than failed contracts.

https://www.redfin.com/DC/Washington/1417-Maryland-Ave-NE-20002/home/10177664

https://www.redfin.com/DC/Washington/1516-N-Carolina-Ave-NE-20002/home/9918332

These are not good examples.

Why not?

Anonymous wrote:Here are some additional relistings. There are actually far more examples of price drops than failed contracts.

https://www.redfin.com/DC/Washington/1417-Maryland-Ave-NE-20002/home/10177664

https://www.redfin.com/DC/Washington/1516-N-Carolina-Ave-NE-20002/home/9918332

These are not good examples.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oh, and I realize that most of the houses on that list aren't in quite as nice a spot at 402 G.

Huge difference in location even though just a few blocks away.

This.

School district bump alone probably worth $50K.

They are zoned for exactly the same schools!!! LT, SH and Eastern. Are you an gent with a house on the 400 block of G Street? Sigh...

Yes, this neighborhood difference was more pronounced 20+ years ago when those extra two - three blocks meant a higher likelihood of getting shot. Now it is not a big deal, at all, or there are even bonuses, as you're living closer to your peers vs NIMBY retirees who have these entrenched attitudes "Old -Hill" ...

It cuts both ways, though... I for one would much rather live in the 600 block of G, than in the blocks near Eastern Market.

Almost true but not quite. I purposely avoid G street between 7th and 8th because of the constant loitering.

Here are some additional relistings. There are actually far more examples of price drops than failed contracts.

https://www.redfin.com/DC/Washington/1417-Maryland-Ave-NE-20002/home/10177664

https://www.redfin.com/DC/Washington/1516-N-Carolina-Ave-NE-20002/home/9918332

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A bunch of homes that didn't sell over the summer have been relisted with lower prices. Also looks like contracts fell through on these two. I think the recent flipper listings in the $1M range have missed the boat -- prices finally seem to be coming back to earth in this neighborhood.

And your impression is based on...? See, below.

https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402

https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202

https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519

https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901

https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908

https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172

https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167

Providing examples of houses that went under contract over the summer and closed during the past few months actually proves my point. Summer was a great time to make a killing as a seller. Recent listings have not fared as well. We'll see how things go over the fall and winter. Mortgage rates are way up with Biden winning and COVID vaccine announcement.

Fall and winter are traditionally slow times. So is summer, except because of Covid, the peak spring season was pushed back into summer. Real estate is seasonal, even around here.

Anonymous wrote:

Anonymous wrote:A bunch of homes that didn't sell over the summer have been relisted with lower prices. Also looks like contracts fell through on these two. I think the recent flipper listings in the $1M range have missed the boat -- prices finally seem to be coming back to earth in this neighborhood.

And your impression is based on...? See, below.

https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402

https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202

https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519

https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901

https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908

https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172

https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167

Providing examples of houses that went under contract over the summer and closed during the past few months actually proves my point. Summer was a great time to make a killing as a seller. Recent listings have not fared as well. We'll see how things go over the fall and winter. Mortgage rates are way up with Biden winning and COVID vaccine announcement.

What the heck, I have the day off. I'll play:

https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402
3BR/3.5BA, 1733 sqft (condo)
Listed: 4/14/20, $985,000
Sold: 5/29/20, $960,000

https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202
3BR/25BA, 2020 sqft
Listed: 8/26/20, $974,900
Sold: 9/30/20, $980,000

https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519
3BR/2.5BA 2081 sqft
Listed: 10/1/20, $1,025,000
Sold: 10/9/20, $1,020,000

https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901
4BR/3.5BA, 1810 sqft
Listed: 7/23/20, $1,195,000
Sold: 8/20/20, $1,195,000

https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908
3BR/3BA, 2124 sqft
Listed: 8/6/20, $1,049,000
Sold: 8/12/20, $1,100,000

https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172
4BR/4.5BA, 2616 sqft
Listed: 7/9/20, $1,175,000
Sold: 7/15/20, $1,139,750

https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167
4BR/3.5BA, 1658 sqft (Zillow says 2363 sqft)
Listed: 8/13/20, $1,195,000
Sold: 8/23/20, $1,195,000

So, yeah, some places have sold in Capitol Hill and H Street in the million-dollar range, most of them fairly quickly. I'm a little surprised at how large most of them are, though, and how little over asking price they went for. I'd started to assume that nothing in Capitol Hill sells at less than 5% over asking price.

I'd be more interested in seeing a list of places that have relisted, though, since I haven't seen any come up in my searches lately.

Anonymous wrote:A bunch of homes that didn't sell over the summer have been relisted with lower prices. Also looks like contracts fell through on these two. I think the recent flipper listings in the $1M range have missed the boat -- prices finally seem to be coming back to earth in this neighborhood.

And your impression is based on...? See, below.

https://www.redfin.com/DC/Washington/808-I-St-NE-20002/home/9902295

https://www.redfin.com/DC/Washington/933-8th-St-NE-20002/home/9902280

https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402

https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202

https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519

https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901

https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908

https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172

https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oh, and I realize that most of the houses on that list aren't in quite as nice a spot at 402 G.

Huge difference in location even though just a few blocks away.

This.

School district bump alone probably worth $50K.

They are zoned for exactly the same schools!!! LT, SH and Eastern. Are you an gent with a house on the 400 block of G Street? Sigh...

Yes, this neighborhood difference was more pronounced 20+ years ago when those extra two - three blocks meant a higher likelihood of getting shot. Now it is not a big deal, at all, or there are even bonuses, as you're living closer to your peers vs NIMBY retirees who have these entrenched attitudes "Old -Hill" ...

It cuts both ways, though... I for one would much rather live in the 600 block of G, than in the blocks near Eastern Market.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oh, and I realize that most of the houses on that list aren't in quite as nice a spot at 402 G.

Huge difference in location even though just a few blocks away.

This.

School district bump alone probably worth $50K.

They are zoned for exactly the same schools!!! LT, SH and Eastern. Are you an gent with a house on the 400 block of G Street? Sigh...

Y'know, one of the things I really like about this thread is how friendly and polite most of the posts have been. The one off-topic bickerfest got purged, thankfully. Here's hoping we can keep posts in that spirit. And FWIW, my impression has been that most people in this thread are quite familiar with Capitol Hill and probably live here. Knowing the area and, "Holy $#!+ these houses are expensive!" are not mutually exclusive. Probably the opposite, for people who have lived here a while.

Back on topic: I hadn't realized that pop-up kitchen vents are a thing, so thanks for that. Here's one article about them: https://www.remodelista.com/posts/remodeling-101-downdraft-kitchen-vents-pop-up-kitchen-vents/. From what that says, though, the pop-up vents aren't as effective as overhead vents, which makes some sense. Still, I'm not sure that alone would be a deal-breaker for me.

I present to you the saddest renovation I've seen in a while. They didn't even try to make the sale items at Home Depot fit properly. Expect to have to do extensive remodeling, but hey, you get 4br/3.5ba for $800k, if you can stomach fronting a busy stretch of Florida Ave.

https://www.redfin.com/DC/Washington/703-Florida-Ave-NE-20002/home/9900866

Anonymous wrote:

Anonymous wrote:https://www.redfin.com/DC/Washington/1113-4th-St-NE-20002/home/9894839

Delusional! This one will probably go for $850k. Maaaaybe $899k. Certainly nowhere near $1.14M.

Alas, no. 1.4 is ridiculous but so is 850. If it ever sells, it’ll be for between 950 and 1.1.

Agreed its ridiculous, but then again friends of mine just bought at 4bd/3.5 bath that has clearly been flipped by the same people as this for $1.05. It was on the market for over 170 days listed at 1.2, then 1.1, then my friends bought it. Almost identical home next door is still on the market.

Anonymous wrote:

Anonymous wrote:A bunch of homes that didn't sell over the summer have been relisted with lower prices. Also looks like contracts fell through on these two. I think the recent flipper listings in the $1M range have missed the boat -- prices finally seem to be coming back to earth in this neighborhood.

https://www.redfin.com/DC/Washington/808-I-St-NE-20002/home/9902295

https://www.redfin.com/DC/Washington/933-8th-St-NE-20002/home/9902280

What am I missing about the 8th Street house? It's teeny tiny, yeah, but that seems like a pretty good price for a condo alternative in that neighborhood.

Agree. Adorable and a couple blocks from Union Market. I’d happily live there if I didn’t have two kids and a husband.

Anonymous wrote:A bunch of homes that didn't sell over the summer have been relisted with lower prices. Also looks like contracts fell through on these two. I think the recent flipper listings in the $1M range have missed the boat -- prices finally seem to be coming back to earth in this neighborhood.

https://www.redfin.com/DC/Washington/808-I-St-NE-20002/home/9902295

https://www.redfin.com/DC/Washington/933-8th-St-NE-20002/home/9902280

What am I missing about the 8th Street house? It's teeny tiny, yeah, but that seems like a pretty good price for a condo alternative in that neighborhood.