Odd that zillow shows 214 P St NW sold at 436,000 while this listing shows that property at 299,900…

http://www.zillow.com/homedetails/home-info/412165_zpid/

zillow has many many flaws. not to say they are wrong in this case. but they currently have my house zestimated at 100k above what the city has it assessed at. and the city has it assessed at 75k more than I paid for it a couple months ago. so go figure.

Eric – it just says “recently sold” at that price. That could mean several months ago, and the 299k could be the right price from Dec 2008.

I don’t know too much about this, but perhaps the bank foreclosed in Oct and “bought” the house for 436k, and then sold to a new buyer for 299k in December.

Other people might be able to shed light on this, but I think when you see these apparent appreciations or depreciations there’s foreclosure or other non-conventional activity going on … the market isn’t actually falling *that* quickly.

Just a note about Zillow: if the D.C. tax assessment/sales databases are incorrect, Zillow’s info will be incorrect. I know because my purchase information is incorrect in the D.C. records (they transposed a “7″ with a “1″), though I have contacted them numerous times to correct in their records.

I would not depend on either as the FINAL word on anything.

PN Hoffman renovated three houses (all next to each other) on V Street NW and has already sold two of the three, one of which is listed on this sales sheet for $30k under the $675k list price. It doesn’t appear as if prices are declining significantly in that general area.

interesting that 3 condos in 646 Irving st have already sold!

I guess that’s why developers of the “Park View” and “Kenyon Condos” on the 600 blocks of Kenyon and Irving were inspired to resume their renovation efforts