Wow houses in AU Park are still selling quickly

[Anonymous]

A house we liked and dilly dallyed on is under contract and its been only 20 days. And so many houses in the neighborhood are selling quickly.

[Anonymous]

Our experience in upper NW is that if a house is priced well, shows well, and doesn't have any odd quirks (and many do in that area, since a lot of the houses are old), it will sell quickly.

We were interested in a house in Bethesda that sold in a day -- never had a chance to even see it online. And from the pics, it looked good, but not perfect by any stretch.

[Anonymous]

Anonymous wrote:A house we liked and dilly dallyed on is under contract and its been only 20 days. And so many houses in the neighborhood are selling quickly.

many homes is AU park went under contract under 20 days this spring. ... only 20 days almost means it should have hada price reduction

[Anonymous]

actually, things in a lot of parts of DC are going quickly if they're priced appropriately. I think in the city and the closer-in suburbs, it's not the buyer's market that it is further out, where there were more people hit harder by foreclosures and the recession. Rates are good and there aren't a ton of houses available closer-in, so the ones that are decent go quickly.

My friends listed their house in North Arlington and sold in 2 days. They bought a house that had been on the market a very short time, also in North Arlington. Most of the houses I see on the MLS in my range go quickly. My own home went under contract after 10 days on the market, which was about the average for most of the townhomes in my subdivision, which is walking distance from the orange line in VA.

[Anonymous]

Yes! In Lyon village they go in the first 24 hours. And actually many go before they even go on the market. Incredibly, incredibly tough market...great for sellers.

[Anonymous]

Many in Bethesda around NIH/suburban are going quickly too!

[Anonymous]

Noticing the same thing in certain select pockets of FFX county. A house in my culdesac went on the market yesterday. Today, it has 4 offers.

[Anonymous]

At certain price points, they are selling fast. Many houses priced around 1million just sit for months.

[Anonymous]

Anonymous wrote:At certain price points, they are selling fast. Many houses priced around 1million just sit for months.

Agreed. I feel like $800,000 (or thereabouts) and below is what a lot of people are looking for. If you're above that, it might take longer even if you're priced right.

[Anonymous]

CCDC is the same as long as the house is priced correctly.

[Anonymous]

Anonymous wrote:actually, things in a lot of parts of DC are going quickly if they're priced appropriately. I think in the city and the closer-in suburbs, it's not the buyer's market that it is further out, where there were more people hit harder by foreclosures and the recession. Rates are good and there aren't a ton of houses available closer-in, so the ones that are decent go quickly.

My friends listed their house in North Arlington and sold in 2 days. They bought a house that had been on the market a very short time, also in North Arlington. Most of the houses I see on the MLS in my range go quickly. My own home went under contract after 10 days on the market, which was about the average for most of the townhomes in my subdivision, which is walking distance from the orange line in VA.

It depends further out. We are looking in Reston/Herndon/Chantilly (pretty far out) and anything that is priced fairly and is a "normal family house" in the 500k range is selling unbelievably fast--even if it has Designed-to-Sell flaws.

[Anonymous]

8:54, like what kind of flaws? That's interesting. Driving in this morning to Arlington I noticed, there is just not a lot of For Sale signs. Is everyone staying put?

[Anonymous]

Anonymous wrote:

Anonymous wrote:At certain price points, they are selling fast. Many houses priced around 1million just sit for months.

Agreed. I feel like $800,000 (or thereabouts) and below is what a lot of people are looking for. If you're above that, it might take longer even if you're priced right.

In Clarendon--the 1-1.2 million are going in days. Above $1.5 million will sit much longer.

[Anonymous]

Anonymous wrote:8:54, like what kind of flaws? That's interesting. Driving in this morning to Arlington I noticed, there is just not a lot of For Sale signs. Is everyone staying put?

Yes. In most N.Arlington neighborhoods inventory is almost zero and has been that way for a while.....so when a single house finally comes on the market it is a feeding frenzy. Still multiple contracts, etc.

[Anonymous]

CCDC is the same as long as the house is priced correctly.

I second this and add that this has been the case throughout the slump. Never had a dip here from 2000 t o 2010.

To the PPs point about "old houses having quirky challenges up there in NW DC ..." buyers know the drill up here. They're not expecting to see 4 en suite baths on the 2nd floor in 20015, or gigantic mud rooms, etc. We just deal.