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ekkidee t1_j5ms3qm wrote

Reply to comment by TheWolf_ofOptions in What are these homes called and why aren’t they being built anymore? by rdervgyb2345

The price history on Zillow is interesting.

https://www.zillow.com/homedetails/1438-Corcoran-St-NW-Washington-DC-20009/404981_zpid/

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TheWolf_ofOptions t1_j5mskhy wrote

It was improperly priced and so the seller has had to play catch up with the market. Not a good selling strategy.

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brokenhalf t1_j5reh4x wrote

I live in this neighborhood and you are correct. Whoever listed this was reaching for too much. Price should be closer to 2M.

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TheWolf_ofOptions t1_j5reu3s wrote

I would need to run comps to give you an exact number. The issue isn’t the market, it’s the seller and listing agent. A strong listing agent will go against overpricing a house because it doesn’t help the client AT ALL. I’ve seen how much they’ve had to reduce the price and it stigmatized a beautiful property.

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