Median sales price in Fairfax City dropped 25%
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Anonymous
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Courtesy of UT - the median sales price in Fairfax City dropped 25%. This has to be because they won't reverse remote work policies. The surrounding area of Virginia all implemented stringent work in-office policies from the leadership of the state level down in 2021. D.C. similarly has implemented in-office in 2022.
Fairfax CITY is toast. https://dc.urbanturf.com/articles/blog/home_prices_in_the_dc_area_have_risen_for_six_straight_months/21776 
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Anonymous
| More likely a bunch of lower price condos in a development or two affected the median. It’s so clearly an anomaly that your hypothesis doesn’t really fit. |
Anonymous
| Need a thorough analysis to make any conclusions. |
Anonymous
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Yeah you a grasping at straws with your hypothesis on ad to why they are lower in Nov 23 vs 22. You don't know what the transactions (type of property and etc) were in 22 vs 23 (say if in 22 all were sfh while 23 was mix of sfh and th), you don't know the number of transaction and etc. Comparing two months in isolation won't tell you any meaningful info. So saying oh looks it due to rto vs wfh is a reach and frankly a dumb comment.
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Anonymous
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Yeah, OP is a moron.
https://www.rockethomes.com/real-estate-trends/va/fairfax#:~:text=Summary%3A%20The%20median%20home%20sold,per%20square%20foot%20was%20%24325. Median sold price was up across the board. Overall it looks low because there was a sharp uptick in 1 BR condos being sold. And those sold for $60K more than a year earlier. |
Anonymous
| Please explain why Loudoun has popped up 15% in sales price and Fairfax only 5. ^^ |
Anonymous
Probably due to the type of housing sold in Loudoun. More SFHs. Fewer condos. Loudoun properties also typically have more land. |
Anonymous
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I'm 95% certain that blog post cited was written by ChatGTP. It has that superficial, artificial sound to it and it lacks basic human critical thinking to explain the Fairfax City anomaly.
The fact that OP just took it as gospel really shows the danger of gen AI down the road. People are already gullible AF on the interwebs. |
Anonymous
| My FFC house has increased $75,000 in 6 months. |
Anonymous
One of the few single family areas I've seen where homes are selling for under-value. https://www.zillow.com/homedetails/4104-Orchard-Dr-Fairfax-VA-22032/12259408_zpid/ 
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Anonymous
Well, I mean, that picture explains why. What a POS. |
Anonymous
So...does that mean 100% appreciation...or 50%....or 1%? Houses are not stocks. Try to sell... |
Anonymous
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Tell me you don't live in City of Fairfax without telling me you don't live in City of Fairfax.
Do you have some ax to grind with CoF's Council? |
Anonymous
It really does come off that as kind of agenda. |
Anonymous
| Probably has to do with all those streets named after confederates in FFX. |