Run on the market...get ready!
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Anonymous
| LOL post some links. I’m enjoying seeing some farmettes pop up for sale but I’ve noticed prime locations aren’t lowering prices enough. They’re just pulling it off market if it doesn’t sell. |
Anonymous
Anonymous
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Eh, it could be return to office, or, it could be that those people who bought into the rural living have figured out it's actually a lot of work and money to (properly) maintain a big property in the country. Especially in the winter when you're on the hook for your own snow and ice removal. A tractor that can handle snow removal and large property mowing easily will cost you 40k, and that's just the tractor not the blades and mower you would need. Big zero turn mowers cost upwards of 10k. You could use a garden tractor, but it would take you all weekend to mow, which is not how anyone wants to spend their free time.
We see it where we live (small farm, exurbs), city people who move out here, make it an average of 5 years before calling it quits and heading back in, usually after they experience a winter or two and the rose colored glasses come off. |
Anonymous
They're all asking average of 10% more than what they paid 1-2 years ago. Only Suburban Place is a decent house. The rest are mediocre and depressing properties. I'd sell in a heartbeat too! |
Anonymous
only 2.4 acres only 3 acres 5 acres- a little better 44 acres, the is the only one that actually seems like a traditional rural property. The others aren't big enough for horses, no ponds or lakes, no woods on the property.... basically just a suburban home with a big yard. I have a family member selling 150 acres in NH to downsize and they have a nice little bidding war on their hands |
Anonymous
Yeah. Show me 10+ acres, year round water that's selling for less than folks recently bought. They're not making any more land. |
Anonymous
| Fairfax Station and Nokesville are totally different areas. |
Anonymous
+1 And Stafford?! Please. |
Anonymous
| Things still sell quickly and for a premium in western Loudoun |
Anonymous
| I think people who moved way out have realized there are definitely downsides they didn't anticipate. Need doctors? Need schools with a good STEM teachers? Don't want to drive hours for entertainment? |
Anonymous
I think we're talking at cross-purposes regarding distance to services; acreage; or ability to hire mowing or snow crews, no? My friend lives in a rural area, but in a development where everyone pays the same contractor for those things. She herself doesn't lift a finger. She prefers commuting a few days a week to living closer to work on a tiny property. |
Anonymous
They have doctors, good STEM teachers and entertainment “way out.” Whatever are you prattling on about. |
Anonymous
I am sure that's true and the PP is being unnecessarily snarky. But I also tend to think that there are people who moved to more rural places during the pandemic and are discovering that it's not actually what they want now. Of course a house on a little piece of land far from other people sounded good in 2020 or even early 2021. Especially in the DMV where things really did shut down for a long time and masking was really common and often culturally enforced. I don't know anyone who didn't feel, at some point during that time, "oh my god I just want to go live on a farm in the middle of nowhere." But only a small percent of people who felt that way in 2020/2021 are actually well suited to that lifestyle. That's not a criticism of the lifestyle, just an acknowledgement that people definitely made that decision somewhat rashly and reactively during the pandemic and may now be re-evaluating just exactly wha they want. - Signed, someone who is very glad my spouse talked me down from moving "to the country" in December 2020 and is SO GLAD we're still in our little house in a dense, walkable neighborhood where we also spent all of Covid, somewhat uncomfortably but whatever, we got through it. |
Anonymous
I don't know how many people actually moved from inner city or inner suburbia to way out in exurbia or rural areas. That's an extreme move, even by the standards of COVID. Most people were not freaked out by COVID, more annoyed by it. Even in close in suburban areas you had your own backyard and could go for pleasant walks distanced from people, you didn't have to move out to Stafford. The real estate boom we had during COVID had a great deal to do with collapsing interest rates. And most people leaving inner DC or any urban areas were going to local suburbs. |