DC Home Prices

From Calculated Risk.

From Reuters: Ex-Treasury chief Paulson loses $1 mln on DC home.

Paulson bought the home for $4.3 million in August 2006, and sold the home for $3.25 million on Dec 21st this year. A decline of almost 25%. Ouch.

That is about normal for D.C.

Here is the graph of the price declines for the 20 Case-Shiller cities.

Washington D.C. is off 27% from the peak. The price peak was in March 2006, and prices had already declined about 3% by August when Paulson bought.

I sold in 2005 a year and a half before the peak, not bad.