First Friday-Did they sell?

In this edition of "First Friday-Did they sell?", we're checking on two houses in Brookland that were originally listed in April. 

4316 12th pl, ne
4316 12th Pl, NE is a 4 bedroom, 2.5 bath semi detached rowhouse.  It's been completely renovated with hardwood floors, granite and stainless steel appliances in the kitchen, a finished basement and a large back yard.  It was originally listed for $469,000.  The price was reduced twice, to $449,900 and then to $429,900.  It sold for $417,00 with a $9,600 seller subsidy.  It was on the market for 79 days.  As always, price plays a huge part in how many days a house is on the market. 

103 Webster front 103 Webster St, NE is also a 4 bedrooms, 3.5 baths semi detached rowhouse with a rental unit for $449,900.  (3 bedrooms, 2.5 baths upstairs, 1 bedroom/1 bath in the rental unit).  It's been renovated with hardwood floors, updated baths, a kitchen with granite and stainless steel appliances, Energy Star windows and HVAC, and it's eight blocks to the Metro.  It was on the market for 85 days, reduced to $399,000 and it didn't sell.  The sellers then changed agents and relisted it for $379,000 in July.  It's currently under contract.  It was on the market for 23 days at the price of $379,000.  

Both of these listings are an indication of how tricky it can be to determine what will attract buyers in this market.  DC's real estate market remains strong.  If a listing doesn't have the perfect combo of correct price, amenities, and location, a property can linger on the market.  On paper, both of these house should have sold more quickly.  Welcome to the strange world of real estate.


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