Prices dropping in MoCo???
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Anonymous
People are still having bidding wars over houses in my neighborhood in Ffx co. Some people just live in more desirable areas than others. |
Anonymous
That's completely fine with me |
Anonymous
The bright mls data is great, but it's very wacky when you look at the stats based on localized markets. That's why it's best to see what it is saying about the overall area. Since it tracks things on a weekly basis, the mix of properties selling that week will have massive impacts on median sales prices. It's likely that Arlington list prices are down 30% because in that particular week you have many more 1BR condos for sale as an example vs. SFH sellers all deciding their homes are worth 30% less than last year. All of this noise tends to shake out when looking at areas as a whole, or you look at median overall sales prices YTD for Arlington vs. same period last year. |
Anonymous
Do you meant you sold it at 500K gain? if not then I won't count that 500K gain. What was the purchse price? 500K actual gain can mean different based on base price? |
Anonymous
so back in 1992 DH and I, newly married, were deciding which side of the Potomac to live on, I worked in MoCo, he in Reston. We chose MoCo even though it was more expensive because schools were so much better then. ( Not necessarily the case anymore.) 30+ years later, I can see the better real estate investment would have been NoVa. While their home prices about tripled in those years, ours just doubled. DH likes to remind me of this, lol. But I tell him, fine, because of job locations he would have then had to deal with sick kids at school....whatever, it is what it is. |
Anonymous
|
so back in 1992 DH and I, newly married, were deciding which side of the Potomac to live on, I worked in MoCo, he in Reston. We chose MoCo even though it was more expensive because schools were so much better then. ( Not necessarily the case anymore.) 30+ years later, I can see the better real estate investment would have been NoVa. While their home prices about tripled in those years, ours just doubled. DH likes to remind me of this, lol. But I tell him, fine, because of job locations he would have then had to deal with sick kids at school....whatever, it is what it is. Interesting! Thanks for sharing! |