Is there a reason real estate has appreciated so much more in VA than MD and DC?

[Anonymous]

Anonymous wrote:It’s the crime and lawlessness in MOCO and PG. MD counties continue to actively encourage the most unsavory members of society to move there.

You're funny. You VA people have stabbings at the mall during holiday shopping: https://www.arlingtonva.us/About-Arlington/Newsroom/Articles/2024/Police-Announce-Arrest-in-Pentagon-City-Double-Stabbing

And shootings at metro stations: https://www.arlingtonva.us/About-Arlington/Newsroom/Articles/2024/CIRT-Investigates-Officer-Involved-Shooting-in-Rosslyn

And kids taking guns to schools: https://www.arlingtonva.us/About-Arlington/Newsroom/Articles/2024/Student-Charged-after-Firearm-Recovered-at-High-School

And gunfights: https://www.arlingtonva.us/About-Arlington/Newsroom/Articles/2024/Police-Investigate-Green-Valley-Shooting

And kids having to go to school remotely because in-person instruction is too dangerous: https://www.fox5dc.com/news/alexandria-city-high-school-moves-virtual-learning-after-clashes-campus

You all have extremely liberal DAs who don't prosecute crimes (see Parisa) and criminals have gotten the message. If you want to be in denial, that's fine by me, but the headlines tell the story. MoCo might not be crime-free but I feel safe.

[Anonymous]

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

Huh? You’re comparing huge parts of Virginia to much more narrowly defined areas in MD. Not breaking our Arlington, Vienna, McLean, etc. but comparing Fairfax county to Bethesda and Cabin John. You’ve basically excluded all the closest in and most desirable areas of NoVa and are like “see MD is great!”

[Anonymous]

There are no jobs in MD and it's got crappy infrastructure.

DC is well.. DC! So much crime!

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

Huh? You’re comparing huge parts of Virginia to much more narrowly defined areas in MD. Not breaking our Arlington, Vienna, McLean, etc. but comparing Fairfax county to Bethesda and Cabin John. You’ve basically excluded all the closest in and most desirable areas of NoVa and are like “see MD is great!”

That's pretty much the entire Maryland defense strategy in this thread

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP I don’t think your premise holds up to scrutiny. DMV house prices have gone up across the board. We live in a Md community where average house prices surged by >100%.

According to local real estate analysis:

Overall, House prices in the Washington, D.C. (DC) metro area have appreciated more than in Maryland or Virginia, but the rate of appreciation varies by location:

Washington, D.C.
The median home price in Washington, D.C. increased 4% in November 2024, reaching $655,000. In May 2024, the median sale price was $706,050, a 14.8% increase from May 2023.

Maryland
The median home price in Maryland was $408,200 in September 2023, a 5% increase from the same month in 2022.

Virginia
The median home price in Virginia was $371,528 in March 2024, a 5.1% increase from the previous year. However, some cities in Virginia have seen particularly strong appreciation, including:

Falls Church City: In 2024, the median sold price in Falls Church City was $1,125,000, a 31.6% increase from 2023.

Fairfax City: In 2024, the median sold price in Fairfax City was $775,000, a 10.7% increase from 2023.

Alexandria City: In 2024, the median sold price in Alexandria City was $715,000, an 8.3% increase from the previous year

The October 2024 data for Montgomery County, MD, showcases a wide range of price fluctuations:

Beallsville, MD witnessed an astounding 134.5% increase in median sold price, jumping from $522,500 in 2023 to $1,225,000 this year.

Cabin John, MD follows closely with a remarkable 109.3% rise, as prices surged from $720,000 to $1,507,250.

Similarly, Sandy Spring, MD saw a dramatic 49.5% increase, reaching $1,000,000 from $669,000, and

Barnesville, MD recorded an impressive 86.8% growth to $535,000 from $286,338. These gains highlight the growing allure of Montgomery County's smaller, upscale markets.

Other well-established areas also saw significant appreciation. Garrett Park, MD rose by 20% to a median price of $1,415,500, while

Bethesda, MD experienced a solid 8.9% increase, reaching $1,274,000. Rockville, MD and Laurel, MD also showed steady growth, with increases of 7.8% and 7.3% respectively, indicating sustained demand in these family-friendly locales.

Huh? You’re comparing huge parts of Virginia to much more narrowly defined areas in MD. Not breaking our Arlington, Vienna, McLean, etc. but comparing Fairfax county to Bethesda and Cabin John. You’ve basically excluded all the closest in and most desirable areas of NoVa and are like “see MD is great!”

That's pretty much the entire Maryland defense strategy in this thread

Well, OP's question sucked, so this thread was always doomed to be useless. But if you go back, you'll find some posts comparing PG County to Arlington and Fairfax, so the Virginia defense strategy was the same.

[Anonymous]

Anonymous wrote:Yes. Taxes. VA has a Republican governor, and MD has a Democratic one. MoCo is a sanctuary county and as a result attracts low skilled immigrants who hold menial jobs and don't pay taxes.
I grew up in MD, but live in VA now. The state taxes are about 50% lower in VA than they are in MD and for what? Your schools are mediocre at best and you don't have a strong in state university system.
Virginia has been able to attract many, many more jobs than Maryland has. Naturally, people want to live near where they work. Companies don't want to go to MD, they want to go to VA.

This

[Anonymous]

I bought in 2019 in Bethesda, and my house is up about 50%.

[Anonymous]

Anonymous wrote:I bought in 2019 in Bethesda, and my house is up about 50%.

You would think based on posters like this that Bethesda and Chevy Chase are the only cities in Maryland

[Anonymous]

Appreciation rates are similar, although Virginia has slightly outpaced.

Let me just say though that Maryland has miles and miles of just horribly seedy and ugly areas from the Potomac river to Silver Spring, and then Chevy Chase and Bethesda. So it's a lot of poor, and some very, very rich. Virginia has vast swaths of decent upper middle class suburbs. I think in the end the Maryland side has turned into essentially a California like environment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I bought in 2019 in Bethesda, and my house is up about 50%.

You would think based on posters like this that Bethesda and Chevy Chase are the only cities in Maryland

What specific places in MD and VA would you like to compare?

[Anonymous]

Anonymous wrote:I have been talking to a few co-workers who lived in Fairfax, and they mentioned how much their home valued have appreciated over the last 5-6 years and was amazed. I have been living in MoCo and our house price appreciation has barely kept up with inflation.

Huh? Comparing what in VA to what in DC? B/c it’s not true top to top real estate. Don’t know about Fairfax, went only once b/c I had to.

[Anonymous]

The Ballston zip code of 22203 -- home to sections of Ballston and Virginia Square -- saw the highest appreciation at 35%, thanks to prices increasing for all property types. The DC zip code of 20012, which encompasses Takoma, Colonial Village and Shepherd Park, has seen home prices rise 31%, the result of condos and smaller detached houses seeing big price increases. The zip code of 20008 (Woodley and Cleveland Park) saw prices rise 27.5%, the result of increases for larger single-family homes.

Rounding out the list are two zip codes where prices have risen about 20%, including the McLean zip code of 22101, where the median home price rose to above $1.8 million.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jobs are in Virginia- my son just graduated from UMD in May and all of his classmates and and friends moved to Arlington- he is working in Tyson’s and living in Arlington. Virginia is gaining young professionals from Maryland.

Cool story. So your son from MD has a job in VA, and from that, you conclude that all jobs are in VA and that MD kids are moving there. Nice logic there. Unfortunately for your little narrative, the data shows that NoVa is losing jobs:

https://www.novaregion.org/DocumentCenter/View/14396/Economic-Tracking-Report---Sept-6-2024

I went to UMD. I saw some stats from the previous graduating class and many graduates are in fact working in VA, but not more so than Maryland.

Here are the stats:

46% work in MD
14% work in VA
12% work in DC

I too have friends that moved to VA, and we are all Marylanders, but its not surprising that students from this area(which the university serves) stay in this area.

[Anonymous]

Anonymous wrote:Appreciation rates are similar, although Virginia has slightly outpaced.

Let me just say though that Maryland has miles and miles of just horribly seedy and ugly areas from the Potomac river to Silver Spring, and then Chevy Chase and Bethesda. So it's a lot of poor, and some very, very rich. Virginia has vast swaths of decent upper middle class suburbs. I think in the end the Maryland side has turned into essentially a California like environment.

I don't get this. NoVA is full of these charmless commercial strips with a bunch of generic big box stores and fast food places lining a wide road with limited pedestrian infrastructure, surrounded by poorly constructed townhomes and single family homes. Yes there are some more charming areas (Old Town, Falls Church) and thee are neighborhoods with houses that have character (though these are rapidly being bought up and converted to hideous 5 bedroom monstrosities in that weird faux-farmhouse style that don't fit the lot). And you do have some urbanism in Ballston/Courthouse/Rosslyn. But by and large, VA is a bunch of "stroads" (look it up) and Targets with overpriced, poorly-built new builds. It's convenient, but sort of depressing.

MD does have some seedy areas but there are tons of neighborhoods in MoCo outside the super expensive parts that have charm, local business, community gathering places, varied housing stock, real sidewalks, and feel human scaled (and not just designed to move cars around). It's not perfect, but to me it holds a lot more appeal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I bought in 2019 in Bethesda, and my house is up about 50%.

You would think based on posters like this that Bethesda and Chevy Chase are the only cities in Maryland

Some of the only nice ones