# Are houses selling in your corner of the United States this summer? **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [August 14, 2007, 5:30pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577 "2007-08-14T17:30:38Z")\ **Posts on this page:** 11\ **Page:** 3
**Author:** ![Xema](https://avatars.discourse-cdn.com/v4/letter/x/9de053/32.png) [@Xema](https://boards.straightdope.com/u/Xema)\ **Post date:** [August 15, 2007, 8:49pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/41 "2007-08-15T20:49:04Z")
[QUOTE=aktep] If you’re willing to offer $300K for a house, it should be worth $300K to you no matter if it were on the market for 6 days or 6 months. [/QUOTE] Resale value is usually part of what goes into a potential buyer’s decision about what a house is worth. ---
**Author:** ![Diceman](https://avatars.discourse-cdn.com/v4/letter/d/22d042/32.png) [@Diceman](https://boards.straightdope.com/u/Diceman)\ **Post date:** [August 16, 2007, 3:38am UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/42 "2007-08-16T03:38:53Z")
Here in southeast Michigan, the market has completely tanked. Houses are staying on the market for a long time. Selling a condo? Forget it. On top of the lousy economy, condos were severely overbuilt in the last decade or so. The end result is, you can’t _give_ a condo away right now. I’m actually planning on buying a house soon, so from my perspective this isn’t all bad. ---
**Author:** ![elmwood](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/elmwood/32/3060_2.png) [@elmwood](https://boards.straightdope.com/u/elmwood)\ **Post date:** [August 16, 2007, 3:43am UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/43 "2007-08-16T03:43:46Z")
[QUOTE=zamboniracer] NE Ohio here, Cleveland west to Lorain, and houses aren’t moving at all. [/QUOTE] Dead in the inner ring eastern suburbs of Cleveland. I live in ground zero for foreclosures; an older middle-class suburb adjacent to a predominantly minority neighborhood in Cleveland, with a good number of first-time homeowners from inner city neighborhoods. Most aren’t staying long. Upscale infill development is popular, though. There are some strange markets that seem to be “hot” right now; Las Cruces, New Mexico (apparently a lot of Californians shifting their investment further east), and some neighborhoods in inner city Buffalo, New York (very livable, safe urban neighborhoods that never experienced the bubble.). ---
**Author:** ![control-z](https://avatars.discourse-cdn.com/v4/letter/c/eada6e/32.png) [@control-z](https://boards.straightdope.com/u/control-z)\ **Post date:** [August 16, 2007, 6:22pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/44 "2007-08-16T18:22:05Z")
[QUOTE=Diceman] Here in southeast Michigan, the market has completely tanked. Houses are staying on the market for a long time. Selling a condo? Forget it. On top of the lousy economy, condos were severely overbuilt in the last decade or so. The end result is, you can’t _give_ a condo away right now. I’m actually planning on buying a house soon, so from my perspective this isn’t all bad. [/QUOTE] It would be a great time to buy as long as you don’t have an existing house to sell, and as long as you don’t get into a bad mortgage (variable rate, balloon payment, whatever.) ---
**Author:** ![Labtrash](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/labtrash/32/528_2.png) [@Labtrash](https://boards.straightdope.com/u/Labtrash)\ **Post date:** [August 16, 2007, 8:45pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/45 "2007-08-16T20:45:14Z")
Here in SC, it sucks to be a seller - and I know this - no one has even looked at my place since we listed in 3 months ago. Now I really hate my parents - about 8 years ago they put their house on the market on a Monday, and had a signed contract by that Thursday - with a tidy $230K profit. ---
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [August 16, 2007, 8:57pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/46 "2007-08-16T20:57:42Z")
Wouldn’t it be appropriate to note that if a house is not selling it is quite probably priced too high? I suspect in many markets house prices were grossly inflated over the past few years. If you had the misfortune of buying at the peak, you may never recoup your investment. If you already owned a home and held onto it during the “bubble” thinking prices would continue to rise forever, well perhaps you missed the boat. However, I would assume that most people who owned a home for 7-10 years or more would be able to sell it for something over their purchase price. Its just that they might not get the outageous rate of return they had hoped for. My first house I bought for $95K and sold 10 years later for $150K. We bought our present house 12 years ago for $290K. A year or so back we “tested the waters” and, at our agent’s recommendation, listed it at $640K. No action at all. But we didn’t really care as we didn’t need to move at the time. Well, perhaps we won’t get $600K for it. But I’m pretty confident that if we listed it for $500K it would move pretty damned quickly. Even tho many houses in our area seem to languish on the market for months if not years, a select few seem to move pretty quickly - in weeks or just a month or 2. My guess is that the homes that move are priced right and/or are in tiptop shape. ---
**Author:** ![LurkMeister](https://avatars.discourse-cdn.com/v4/letter/l/3da27b/32.png) [@LurkMeister](https://boards.straightdope.com/u/LurkMeister)\ **Post date:** [August 16, 2007, 9:59pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/47 "2007-08-16T21:59:02Z")
Back in Chicago I sold my house in about two months, from listing to closing. I was selling it “as is” and I know that several of the people who were interested in it were planning to fix it up and resell it. In fact, one of them came back for a second walk through with someone I’m pretty sure was a prospective buyer for the rehabbed house. I did accept an offer about $12K less than my original asking price, which was still over five times what I had paid for it 20 years ago. I’m hoping that the market here in NC keeps prices low next spring, when I’m going to be looking to buy a house. ---
**Author:** ![Sophistry\_and\_Illusion](https://avatars.discourse-cdn.com/v4/letter/s/b3f665/32.png) [@Sophistry\_and\_Illusion](https://boards.straightdope.com/u/Sophistry_and_Illusion)\ **Post date:** [August 16, 2007, 10:07pm UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/48 "2007-08-16T22:07:27Z")
[QUOTE=Sal Ammoniac] Just to sound a contrarian note, here in Boston, my sister has been trying to buy a house for some months now, with no real luck. Anything that’s attractively priced is quickly snapped up. She and her husband have put in offers near asking price and been rejected. For all the talk of catastrophe in the housing market here, prices are still sky high to my mind, and stuff is selling. Hey, maybe you should move to Boston! [/QUOTE] That’s weird, b/c we’re looking to buy down in the Easton/Brockton area, and it’s a buyer’s market. The real estate sites helpfully tell how long a given house has been on the market, and there are plenty that have been on the market for 3-4 months, or even as long as 6 months in some cases. ---
**Author:** ![robardin](https://avatars.discourse-cdn.com/v4/letter/r/43a26b/32.png) [@robardin](https://boards.straightdope.com/u/robardin)\ **Post date:** [August 17, 2007, 12:20am UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/49 "2007-08-17T00:20:19Z")
[QUOTE=Dinsdale] Even tho many houses in our area seem to languish on the market for months if not years, a select few seem to move pretty quickly - in weeks or just a month or 2. My guess is that the homes that move are priced right and/or are in tiptop shape. [/QUOTE] I think that’s true of my immediate area. NYC real estate in general is still fairly high (in Manhattan it’s still insane), but here in Flushing, there have been a lot of houses on the market with For Sale signs up in front for weeks or even months. That said, I am in contract to buy a house 3 blocks away from me, and am going into to contract to sell my current house as a FSBO after showing it over two weekends. In both cases (the buy and the sell) the closing price was about $20k less than the opening asking price. Many houses similar to mine were asking either absurdly high prices, or were in bad enough condition that they needed a lot of work. My house is in more or less move in condition – it needs some spackling/painting, re-applying poly on the floors, fixing a few window screens and mechanisms, but otherwise fine. And the house I’m buying is in good shape, just a bit outdated in the kitchen, which we are re-doing. ---
**Author:** ![Patty\_O\_Furniture](https://avatars.discourse-cdn.com/v4/letter/p/96bed5/32.png) [@Patty\_O\_Furniture](https://boards.straightdope.com/u/Patty_O_Furniture)\ **Post date:** [August 17, 2007, 12:43am UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/50 "2007-08-17T00:43:34Z")
High priced homes and condos are still selling, but reasonably priced condos are probably going to be sitting around for a while because Condo High-Rises are springing up like weeds. From the [In Towner](http://www.intowner.com/) (warning: 3.5MB PDF so don’t even bother): SINGLE FAMILY HOUSES 3155 Adams Mill Rd… 773,500 53 Bates St. 610,000 1218 Fairmont St. 809,000 1309 Florida Ave. 477,500 1317 Florida Ave. 460,000 757 Hobart Pl. 365,000 3495 Holmead Pl. 579,000 1850 Irving St. 679,000 504 Kenyon St. 497,500 1808 Kenyon St. 770,000 1753 Kilbourne Pl. 950,000 1768 Kilbourne Pl. 806,000 1014 Lamont St. 426,000 1752 Lamont St. 1,095,000 3528 New Hampshire Ave. 656,000 1354 Oak St. 815,000 1830 Ontario Pl. 895,000 2248 Ontario Rd. 703,000 1935 Park Rd. 740,000 925 R St. 829,650 140 Randolph Pl. 515,000 17 Rhode Island Ave. 415,000 134 Seaton Pl. 675,000 1022 Spring Rd. 385,000 1456 T St. 500,000 2449 Tracy Pl. 3,000,000 45 U St. 625,000 1516 Upshur St. 625,000 134 V St. 533,900 1228 W St. 747,000 18 W St. 625,000 1209 W St. 410,000 439 Warner St. 395,100 1504 1st St. 409,000 2018 1st St. 865,000 1808 2nd St. 555,000 1522 10th St. 710,000 2022 10th St. 680,000 2114 10th St. 1,155,000 2111 12th Pl. 625,000 2702 13th St. 859,000 3817 13th St. 607,500 3907 13th St. 665,000 4017 14th St. CONDOMINIUMS 2630 Adams Mill Rd. #206 Adams Mill House 353,000 2310 Ashmead Pl. #204 300,000 2231 Bancroft Pl. #3B Bancroft 1,050,000 1614 Beekman Pl. #C 639,000 1618 Beekman Pl. #E 399,000 1662 Beekman Pl. #G9 (pkg.) 87,500 1451 Belmont St. #112 Fedora 630,000 1451 Belmont St. #201 Fedora 500,000 1600 Belmont St. #D 575,000 3422 Brown St. #101 479,000 1807 California St. #103 Winchester 530,000 2127 California St. #301 Le Bourget 330,000 1937 Calvert St. #B 392,500 2301 Champlain St. #204 Adams Row 580,000 2301 Champlain St. #206 Adams Row 380,000 2328 Champlain St. #408 Lofts at Adams Morgan 790,000 1435 Chapin St. #5 Barcelona 455,000 1400 Church St. #208 Lofts 14 Two 565,000 1400 Church St. W #506 Lofts 14 Two 884,000 1401 Church St. #308 Lofts 14 475,000 1440 Church St. #203 Saxon Court 549,000 1444 Church St. #504 Metropolitan 782,500 1308 Clifton St. #106 399,000 1429 Clifton St. #2 Alexander Scott 569,900 1438 Columbia Rd. #104 Piedmont 385,000 1438 Columbia Rd. #205 Piedmont 294,000 1438 Columbia Rd. #403 Piedmont 379,000 1438 Columbia Rd. #405 Piedmont 385,000 1323 Corcoran St. #1 890,000 1624 Corcoran St. #E 559,000 1718 Corcoran St. #24 Analoston 289,000 1439 Euclid St. #201 255,000 1458 Fairmont St. #4 La Orr 470,000 1825 Florida Ave. #21 296,500 e32129 Florida Ave. #403 Farnsboro 349,000 430 Irving St. #106 McMillan 238,400 1810 Kalorama Rd. #A1 530,000 1816 Kalorama Rd. #102 Philadelphian 309,000 1816 Kalorama Rd. #103 Philadelphian 466,000 1816 Kalorama Rd. #304 Philadelphian 193,000 1615 Kenyon St. #51 432,500 2425 L St. #205 Columbia Residences 787,500 2425 L St. #303 Columbia Residences 1,412,500 2425 L St. #702 Columbia Residences 1,090,000 1208 Lamont St. #2 Alexander 652,000 910 M St. #323 Whitman 499,900 910 M St. #622 Whitman 591,000 555 Massachusetts Ave. #303 500,000 555 Massachusetts Ave. #719 424,000 555 Massachusetts Ave. #1318 545,000 1438 Meridian Pl. #105 Reserve 295,000 1867 Mintwood Pl. #3 Patrick 593,000 3155 Mt. Pleasant St. #305 374,900 1300 N St. #406 549,000 1816 New Hamp. Ave. #105 Concord 85,000 1730 New Hamp. Ave. #12 375,000 1 Scott Cir. #115 General Scott 225,500 1406 T St. #55 415,000 1757 T St. #B Edinburgh 500,000 1756 U St. #301 Element 798,000 1390 V St. #221 399,900 1390 V St. #406 399,999 1239 Vermont Ave. #201 Crescent Tower 277,000 1239 Vermont Ave. #802 Crescent Tower 406,000 1340 Vermont Ave. #6 385,000 1812 Wyoming Ave. #303 415,000 2120 Wyoming Ave. #1 1,380,000 1718 1st St. #2 Rosale 479,900 1718 1st St. #6 Rosale 390,000 1718 1st St. #8 Rosale 305,000 1708 5th St. #B 365,000 1819 6th St. #2 Crestview 634,900 1811 8th St. #2 Berkley 530,000 1124 10th St. #TB Clyde 644,900 1124 10th St. #5B Clyde 790,000 1408 10th St. #302 Apex 375,000 1830 11 St. #5 Logan Heights 820,000 1229 12th St. #105 Montgomery 549,000 1310 12th St. #8 Barrett 640,000 2020 12th St. #105 415,000 1245 13th St. #103 410,000 1245 13th St. #813 349,900 1245 13th St. #913 297,670 1300 13th St. #204 Solo Piazza 664,000 1320 13th St. #1 Icon 399,000 1320 13th St. #33 Icon 445,000 1325 13th St. #34 Iowa 560,000 1709 13th St. #2 676,000 3414 13th St. #1 Burrell 557,500 1133 14th St. #Ph4 Alta 799,000 2020 15th St. #Ph Brandon 710,000 2440 16th #307 Park Tower 324,500 3060 16th St. #710 315,000 1401 17th St. #106 Richmond 365,000 1726 17th St. #102 298,000 1726 17th St. #302 412,600 1916 17th St. #108 Wardman 399,000 1545 18th St. #302 Dupont East 258,000 1545 18th St. #412 Dupont East 350,000 1918 18th St. #44 Kirkman 337,000 2305 18th St. #405 Gibraltar 307,970 2413 20th St. #1004 500,000 1332 21St. #402 Addendum 405,500 1099 22nd St. #1005 West End Place 899,000 1318 22nd St. #402 Georgetown Overlook 487,500 1140 23rd St. #908 340,000 1155 23rd St. #N6A Ritz Carlton 2,550,000 1155 23rd St. #N8l Ritz Carlton 962,000 1111 25th St. #411 Atlas 512,000 1111 25th St. #514 Atlas 449,000 1275 25th St. #807 Whitman Place 499,900 COOPERATIVES 1860 California St.#403 449,000 2122 California St.#157 Westmoreland 597,000 1801 Clydesdale Pl…#114 Saxony 149,900 1661 Crescent Pl…#205 Crescent Place 1,030,000 2853 Ontario Rd#417 Ontario 395,000 1701 16th St.#820 Chastleton 322,000 1725 17th St.#308 Rutland Court 330,000 1725 17th St.#504 Rutland Court 380,000 2100 19th St.#506 372,500 ---
**Author:** ![Diceman](https://avatars.discourse-cdn.com/v4/letter/d/22d042/32.png) [@Diceman](https://boards.straightdope.com/u/Diceman)\ **Post date:** [August 17, 2007, 11:47am UTC](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577/51 "2007-08-17T11:47:15Z")
[QUOTE=control-z] It would be a great time to buy as long as you don’t have an existing house to sell, and as long as you don’t get into a bad mortgage (variable rate, balloon payment, whatever.) [/QUOTE] Nope, I rent an apartment right now, and you can be damn sure I’m going to hold out for a good rate. [Previous page](https://boards.straightdope.com/t/are-houses-selling-in-your-corner-of-the-united-states-this-summer/415577.md?page=2)