You explain the price gyrations on this nice looking, but pricey, one bedroom in Kalorama.  I give up:

PREVIOUSLY SOLD PRICE
DateSold PriceSubsidyNet Price
4/17/2009 $250,000 $0 $250,000
PREVIOUS LISTING PRICE HISTORY
DatePrice% ChangeDays at Price
5/9/2008 $399,000   102
8/19/2008 $395,000 -1.0% 6
8/25/2008 $375,000 -5.1% 172
2/13/2009 $875,000 +133.3% 20
3/5/2009 $265,000 -69.7% 27
4/1/2009 $719,000 +171.3% 31
5/2/2009 $679,000 -5.6%  
CURRENT LISTING PRICE HISTORY
DatePrice% ChangeDays at Price
4/30/2009 $415,000   42
6/11/2009 $399,000 -3.9%

So far, all I can come up with is "severely undertreated bipolar.  Client probably crazy too."

NB:  I'm not interested in living in Kalorama, for all those who suggested alternate climes; I agree it's too expensive.  It just happens to share a zip code with places I might live.

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