SPRING MARKET!! What's the vibe?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This one sat for months in Arlington Forest - looks like it ended up with a small bidding war once the spring market opened?

https://www.redfin.com/VA/Arlington/4810-3rd-St-N-22203/home/11243329

Man, Arlington Forest has been 100% two story colonial revival for decades. I guess the teardown and rebuild movement has finally reached that neighborhood.

My take is Kenmore + Barrett scared off the developers for a long time but they're now getting $2.5M for new builds in Bluemont (Kenmore + Ashlawn) so low 2s in Arlington Forest seem attainable (which this comp above proves)... bummer.

[Anonymous]

Anonymous wrote:This one sat for months in Arlington Forest - looks like it ended up with a small bidding war once the spring market opened?

https://www.redfin.com/VA/Arlington/4810-3rd-St-N-22203/home/11243329

I doubt it was a bidding war. Once it was back on the market in the spring, it took a month to go under contract. More likely, the buyer wanted $20K toward their closing costs.

[Anonymous]

Anonymous wrote:

anonnymoose33 wrote:McLean/Great Falls have very little inventory at $1.5-$2m with most houses going quickly. A few aberrations, such as this one, which has been sitting since November with just one price reduction: https://www.redfin.com/VA/Mc-Lean/1904-Lamson-Pl-22101/home/9475356

Whenever the first photo is of the interior, I always know there's a problem. Surprised that agents think that burying what the exterior looks like is an effective strategy.

Mulch piled at the foundation and a ton of painted retaining walls…yeah, have fun excavating and rebuilding all of that in 18 months.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

anonnymoose33 wrote:McLean/Great Falls have very little inventory at $1.5-$2m with most houses going quickly. A few aberrations, such as this one, which has been sitting since November with just one price reduction: https://www.redfin.com/VA/Mc-Lean/1904-Lamson-Pl-22101/home/9475356

Hmm. Interesting. That's a head scratcher.

It's a quick flip for a 2,300 sqft house that's priced $150-200K too high

Yeah ... it's priced too high. Obviously. But it's still interesting; there is massive demand for houses in the Mclean hs pyramid and extremely low inventory. And 2300 sq feet is not a Mcmansion but it is not tiny either.

I think the price combined with the obvious flip and questionable choices - the staging and finishes make it look like a cheap air BNB, and the low ceiling open floor plan seems like a headache if you have kids.

The house also begs for some color in the staging. Everything is so starkly white.

[Anonymous]

I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

[Anonymous]

Anonymous wrote:I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

If I had a dollar for every comment like this on this site since 2016

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

If I had a dollar for every comment like this on this site since 2016

lol +1

[Anonymous]

My Fairfax Co neighborhood finally had a pickup in listings and sales. They've gone under contract quickly, but prices are only up modestly. There aren't any sky-high listings.

[Anonymous]

Anonymous wrote:My Fairfax Co neighborhood finally had a pickup in listings and sales. They've gone under contract quickly, but prices are only up modestly. There aren't any sky-high listings.

I'm not seeing this yet in the part of FFX I've been watching.

[Anonymous]

As someone who plans to sell their townhouse within a few months, I'm vibing to the vibe of a very hot market, where a townhouse in my development just sold for a record price, beating out the previous record from one that sold last year that was in much, much better condition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Surprised this one in Cherrydale is sitting. We toured it and it was well done. Maybe the 3 beds vs 4 on the 2nd floor is a dealbreaker for many?

https://www.redfin.com/VA/Arlington/2133-N-Oakland-St-22207/home/11233072

I think it’s probably the apartment building in the backyard. Picture 25 with the soaking tub in front of a giant window overlooking an apartment building is a choice.

+100

Apartment building=a lot of trash=rats

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

If I had a dollar for every comment like this on this site since 2016

This time might actually be different.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

If I had a dollar for every comment like this on this site since 2016

This time might actually be different.

Take your Xanax and go touch some grass, it’ll be good for you

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

If I had a dollar for every comment like this on this site since 2016

This time might actually be different.

We've decided not to list my mother's second home in DC in part because the market is down. It's hard to ignore the micro and macro economic indicators for this in DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm getting a "this is what it looks like before the economy crashes" sort of vibe.

If I had a dollar for every comment like this on this site since 2016

This time might actually be different.

We've decided not to list my mother's second home in DC in part because the market is down. It's hard to ignore the micro and macro economic indicators for this in DC.

Nova is on fire. Moco is moving but a bit slower. DC is still struggling, it’s never come back from COVID highs and nobody is happy with the current state of affairs - you’re either still mad about the crime rate that took way too long to fix or you’re mad the national guard is there and Trump’s cronies are all over town.