Okay it has been about 40 days since 1617 New Jersey came on the market and it still hasn’t sold (as far as I know) and last night I heard some power tool noise coming from the place a little after 7pm. Keeping in mind the listing says:
Newly renovated, finishing touches being completed (will be completed prior to settlement).
It looks like it will still be a while before the contractor is done with the finishing touches. I’ve noticed (based on the noise factor & the sight of his dog on the deck) he does a little bit of work, here and there but nothing sounds as if he’s picked up the pace. It seems that we’ll be fully in a buyer’s market before he’s done.
Same thing is going on here on the Unit block of N St NW. TWO houses are for sale and I have seen very little buyer traffic. Maybe 3 people a day the first weekend but now only one person every other day. Both buildings are completely unrenovated and claim to have on the order of 3 or 4 bedrooms. That means a snug 2 bedroom 1.5 bathroom unrenovated rowhouse just two blocks from the SOME kitchen. Anyways, I know their asking 560K for one which seems astounding.