« Last post by Shelby2 on Today at 01:03:09 PM »
I've seen a number of times recently on this board comments along the lines of "well, they can ask that price but it doesn't mean they are going to get it" and I would agree that of course we don't know in advance what the closing price will be. But the fact is that prices are going up very quickly in JH (and as dssjh points out) in other areas as well.
I know of a 2bedroom/1 bath apartment in the historic district that sold less than 3 years ago for close to $400K and is now listed again for close to $600K. I don't think any additional renovations were done after the $400K sale, although I'm not 100% sure about that. Will they get the asking price? I don't know, but there is a listing agent who believes that close to $600K is the right price. And even if they only get $550K, that's a huge run-up from the $390K price it commanded in 2013.
In any case, I only posted the Curbed article because it featured a JH apartment. Since it was in the "6 figures" feature, I guess they could have chosen a $300K, $400K, $500K etc. apartment as well but maybe they selected this one because they liked it, it has nice photos and is in a good building.