The ’07 Condo Buying/Selling Experience
For those of you who are buying or selling a condo in the Penn Quarter, WaPo provides an anecdotal look at the selling experience some owners have when they want to depart new buildings. One of the complaints that buyers and sellers alike have with the real estate industry relates to the somewhat inexact process of pricing a condo. What is that Brazilian hardwood floor really worth? Is the Poggenpohl cabinet that much better than the Leedo? Sites like Zillow and Trulia (Washington DC sales heat map) take a stab at quantifying price trends but they are only as good as the data that supplies them.
The good news about buying or selling a condo is that many units are usually like others in a building so there is a much better way to evaluate the price and liquidity of a given unit. To that end, we point you to a fantasticly analytical site called DC Housing Prices that evaluates sales data down to the building level. Take a look !
If you enjoyed this post, please consider leaving a comment or subscribing to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Sorry, the comment form is closed at this time.