Comments on: Good Deal or Not Revisited by hipchickindc http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/ Welcome to the beautiful life Fri, 10 Feb 2012 04:11:39 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: hipchickindc http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6342 hipchickindc Fri, 06 Feb 2009 17:41:35 +0000 http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6342 Unfortunately, the wider media tends to focus on whatever the latest freakout number is and no sense of context presented. Unfortunately, the wider media tends to focus on whatever the latest freakout number is and no sense of context presented.

]]> By: bogfrog http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6341 bogfrog Fri, 06 Feb 2009 16:56:43 +0000 http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6341 Wow, that's extremely interesting. I like the market insights and insider's history! I once looked at a rental on this pretty block. Recently, a friend of mine looked at this unit (note that she is impossible to please, though -- she hated it). When I look more carefully, I think I like it a lot -- didn't originally realize it included parking. So you have the front view onto Kalorama Rd from the LR -- very nice --, while the kitchen, 2 bedrooms, and 2 baths are downstairs with an opening to the sunny little patio. I think there's extra usable space in there too. It seems like $450 (including parking) is a good deal for that location, at this time (compared to the $515K prices this friend is considering paying nearby). The boom Jamie mentions and sales history is very interesting. Wow, that’s extremely interesting. I like the market insights and insider’s history! I once looked at a rental on this pretty block. Recently, a friend of mine looked at this unit (note that she is impossible to please, though — she hated it). When I look more carefully, I think I like it a lot — didn’t originally realize it included parking. So you have the front view onto Kalorama Rd from the LR — very nice –, while the kitchen, 2 bedrooms, and 2 baths are downstairs with an opening to the sunny little patio. I think there’s extra usable space in there too. It seems like $450 (including parking) is a good deal for that location, at this time (compared to the $515K prices this friend is considering paying nearby). The boom Jamie mentions and sales history is very interesting.

]]> By: hipchickindc http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6340 hipchickindc Fri, 06 Feb 2009 16:22:10 +0000 http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6340 Hi Jamie. I agree that we will never see that sharp an appreciation curve again. My thought, though, was to highlight that even though the market has come down from its peak, someone who had invested in real estate for a few years, is likely to see appreciation and return on investment. Yes, gone are the days of buying and making a six figure profit a year or two later. Hi Jamie.

I agree that we will never see that sharp an appreciation curve again. My thought, though, was to highlight that even though the market has come down from its peak, someone who had invested in real estate for a few years, is likely to see appreciation and return on investment.

Yes, gone are the days of buying and making a six figure profit a year or two later.

]]> By: Jamie http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6339 Jamie Fri, 06 Feb 2009 14:32:40 +0000 http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6339 The history makes perfect sense based on the overall real estate market in this part of DC in that time frame. Prices started to take off around 1997-1998, peaking around 2005-2006. In 1998, a typical townhouse in Mt. Pleasant would sell for $250,000-$325,000. A the peak of the market that same house might have sold for $850-$900K. This condo probably would have sold for $550-600K in 2004 or 2005. The period from 1996-2006 was an extraordinary boom in DC. Real estate values nationally went up a lot, but DC in particular saw dramatic changes in livability and desirability which pushed housing prices more than the national average. I doubt we will ever see that much appreciation in that short a timeframe again. The history makes perfect sense based on the overall real estate market in this part of DC in that time frame. Prices started to take off around 1997-1998, peaking around 2005-2006. In 1998, a typical townhouse in Mt. Pleasant would sell for $250,000-$325,000. A the peak of the market that same house might have sold for $850-$900K.

This condo probably would have sold for $550-600K in 2004 or 2005. The period from 1996-2006 was an extraordinary boom in DC. Real estate values nationally went up a lot, but DC in particular saw dramatic changes in livability and desirability which pushed housing prices more than the national average. I doubt we will ever see that much appreciation in that short a timeframe again.

]]> By: hipchickindc http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6338 hipchickindc Fri, 06 Feb 2009 11:49:19 +0000 http://www.princeofpetworth.com/2009/02/good-deal-or-not-revisited-by-hipchickindc-5/#comment-6338 Sorry, link to original GDoN doesn't work above. Here it is: http://www.princeofpetworth.com/2008/11/good-deal-or-not-wed-condo-porn-edition/ Sorry, link to original GDoN doesn’t work above. Here it is:
http://www.princeofpetworth.com/2008/11/good-deal-or-not-wed-condo-porn-edition/

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