SPRING MARKET!! What's the vibe?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Seems like a lot of houses are sitting in South McLean.

Where? Which houses? Are they the 3M and up homes?

The $3 million ones are sitting, but also some sub $2 million:

https://www.redfin.com/VA/Mc-Lean/6631-Kirkley-Ave-22101/home/9474540

https://www.redfin.com/VA/Mc-Lean/1904-Lamson-Pl-22101/home/9475356

https://www.redfin.com/VA/Mc-Lean/1806-Lansing-Ct-22101/home/9412682

https://www.redfin.com/VA/Mc-Lean/1726-Baldwin-Dr-22101/home/9397913

https://www.redfin.com/VA/Mc-Lean/1628-Great-Falls-St-22101/home/9396164

https://www.redfin.com/VA/Mc-Lean/6871-Churchill-Rd-22101/home/143681021

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems like a lot of houses are sitting in South McLean.

Where? Which houses? Are they the 3M and up homes?

The $3 million ones are sitting, but also some sub $2 million:

https://www.redfin.com/VA/Mc-Lean/6631-Kirkley-Ave-22101/home/9474540

https://www.redfin.com/VA/Mc-Lean/1904-Lamson-Pl-22101/home/9475356

https://www.redfin.com/VA/Mc-Lean/1806-Lansing-Ct-22101/home/9412682

https://www.redfin.com/VA/Mc-Lean/1726-Baldwin-Dr-22101/home/9397913

https://www.redfin.com/VA/Mc-Lean/1628-Great-Falls-St-22101/home/9396164

https://www.redfin.com/VA/Mc-Lean/6871-Churchill-Rd-22101/home/143681021

Hmm. Surprised Kirkely hasn't sold. The paint and "creative" choices aren't helping it, that is for sure.

I really like that Great Falls St one, but it's priced way too high, not surprised no takers at that price. The Churchill property is a good opportunity for someone looking to get into the Langley pyramid in a sfh at a lower price point.

[Anonymous]

The Great Falls Street house might be hindered by the busy road for that price point.

I think a number of these listings are a bit overpriced, but ordinarily, houses under $2 million go fast in McLean. Not sure if these houses are indicative of a broader market trend? I’d be interested in others’ thoughts.

[Anonymous]

I haven't seen any good houses go up near me. Seems that this season is all houses that need a lot of work (and one that is an obvious quick flip) being priced too high and sitting with no offers. They're not even being staged or emptied out. I went to an open house last week where every room was cluttered with overflowing closets and half-packed boxes. It's like people aren't even trying.

[Anonymous]

Anonymous wrote:I haven't seen any good houses go up near me. Seems that this season is all houses that need a lot of work (and one that is an obvious quick flip) being priced too high and sitting with no offers. They're not even being staged or emptied out. I went to an open house last week where every room was cluttered with overflowing closets and half-packed boxes. It's like people aren't even trying.

Which area?

[Anonymous]

Anonymous wrote:The Great Falls Street house might be hindered by the busy road for that price point.

I think a number of these listings are a bit overpriced, but ordinarily, houses under $2 million go fast in McLean. Not sure if these houses are indicative of a broader market trend? I’d be interested in others’ thoughts.

This is interesting. Houses for similar prices are selling quickly in Arlington and Alexandria City.

[Anonymous]

Anonymous wrote:The Great Falls Street house might be hindered by the busy road for that price point.

I think a number of these listings are a bit overpriced, but ordinarily, houses under $2 million go fast in McLean. Not sure if these houses are indicative of a broader market trend? I’d be interested in others’ thoughts.

FWIW, we sold a house in the Mclean hs pyramid recently and we had a handful of good offers to choose from within less than a week, and picked one and closed a little over a month later. We did get significantly more than our list price and things went smoothly. It was an under-$1.5M property which is what seems to sell fast in the area right now. I'm not a real estate agent, but I have for obvious reasons been watching this market closely for a bit, and I agree with you that those houses listed by the PP are a bit overpriced. Price your home reasonably and it will sell (certainly in that area at this time).

[Anonymous]

I have seen well-priced town houses moving at lightning speed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not the DC to Ashburn corridor (is that a thing?) but a house on my block just put up the under contract sign, less than two weeks from listing (probably less time - they picked up the staging furniture 2 days ago). Don't know if it sold for full price but guessing pretty close to it.

I mean, this is … normal. What’s remarkable about someone selling a house 2 weeks after listing it?

And why be so cryptic about the location. It’s an anonymous forum.

Apologies, I thought I’d put that in. Bethesda 20816. The house was listed for $1.8m.

This Mclean house was under contract in 3 days, open house was cancelled. Built in 1956, 0.4 acres

https://www.zillow.com/homedetails/6156-Tompkins-Dr-Mc-Lean-VA-22101/51757639_zpid/

That is a gorgeous home! Love all the windows!

[Anonymous]

Anonymous wrote:I have seen well-priced town houses moving at lightning speed.

Yep

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Great Falls Street house might be hindered by the busy road for that price point.

I think a number of these listings are a bit overpriced, but ordinarily, houses under $2 million go fast in McLean. Not sure if these houses are indicative of a broader market trend? I’d be interested in others’ thoughts.

FWIW, we sold a house in the Mclean hs pyramid recently and we had a handful of good offers to choose from within less than a week, and picked one and closed a little over a month later. We did get significantly more than our list price and things went smoothly. It was an under-$1.5M property which is what seems to sell fast in the area right now. I'm not a real estate agent, but I have for obvious reasons been watching this market closely for a bit, and I agree with you that those houses listed by the PP are a bit overpriced. Price your home reasonably and it will sell (certainly in that area at this time).

I wonder if the Kirkley house would’ve sold faster if the realtor advised their client to paint over some of the funkier design choices… the staging is also a little messy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I haven't seen any good houses go up near me. Seems that this season is all houses that need a lot of work (and one that is an obvious quick flip) being priced too high and sitting with no offers. They're not even being staged or emptied out. I went to an open house last week where every room was cluttered with overflowing closets and half-packed boxes. It's like people aren't even trying.

Which area?

Fairfax City. And I'll amend my previous statement to say that a few nicer houses have sold within a day or two on the market. I'm just not used to seeing so many bad houses listed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I haven't seen any good houses go up near me. Seems that this season is all houses that need a lot of work (and one that is an obvious quick flip) being priced too high and sitting with no offers. They're not even being staged or emptied out. I went to an open house last week where every room was cluttered with overflowing closets and half-packed boxes. It's like people aren't even trying.

We’ll use your imagination. Geez.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Great Falls Street house might be hindered by the busy road for that price point.

I think a number of these listings are a bit overpriced, but ordinarily, houses under $2 million go fast in McLean. Not sure if these houses are indicative of a broader market trend? I’d be interested in others’ thoughts.

FWIW, we sold a house in the Mclean hs pyramid recently and we had a handful of good offers to choose from within less than a week, and picked one and closed a little over a month later. We did get significantly more than our list price and things went smoothly. It was an under-$1.5M property which is what seems to sell fast in the area right now. I'm not a real estate agent, but I have for obvious reasons been watching this market closely for a bit, and I agree with you that those houses listed by the PP are a bit overpriced. Price your home reasonably and it will sell (certainly in that area at this time).

I wonder if the Kirkley house would’ve sold faster if the realtor advised their client to paint over some of the funkier design choices… the staging is also a little messy.

PP here. Yeah, I had the exact same thought about the Kirkley house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Great Falls Street house might be hindered by the busy road for that price point.

I think a number of these listings are a bit overpriced, but ordinarily, houses under $2 million go fast in McLean. Not sure if these houses are indicative of a broader market trend? I’d be interested in others’ thoughts.

FWIW, we sold a house in the Mclean hs pyramid recently and we had a handful of good offers to choose from within less than a week, and picked one and closed a little over a month later. We did get significantly more than our list price and things went smoothly. It was an under-$1.5M property which is what seems to sell fast in the area right now. I'm not a real estate agent, but I have for obvious reasons been watching this market closely for a bit, and I agree with you that those houses listed by the PP are a bit overpriced. Price your home reasonably and it will sell (certainly in that area at this time).

I think sellers who price competitively always fare better. Starting out too high limits your pool of buyers, and if the house sits, buyers might assume something is wrong with it. Best to avoid price cuts!