Ashburn is going crazy

[Anonymous]

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

[Anonymous]

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

Don’t try to introduce facts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

[Anonymous]

I loved living in Reston 20194. Great place for our young family.

[Anonymous]

^^^oh and BTW...

This is the metric used for appreciation. Here are DC stats:

As far as cities go, DC isn't faring that well. Housing reports just came out and DC didn't get a mention. The hot urban markets right now are all in the sunbelt with Austin leading the pack.

Year Sold Price (Median)
1999 $166,000
2000 $198,000
2001 $250,000
2002 $305,000
2003 $330,000
2004 $398,000
2005 $449,700
2006 $458,000
2007 $455,000
2008 $437,950
2009 $440,000
2010 $465,000
2011 $458,500
2012 $474,000
2013 $498,500
2014 $509,500
2015 $509,000
2016 $531,500
2017 $560,000
2018 $565,000
2019 $573,950

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

Well, I just goggled median home prices and DC is easily 200k more. Also, you should know that median home prices is a better representation in real estate because a high or lower number on either end skews the average.


https://dc.curbed.com/2019/6/13/18677477/dc-real-estate-home-prices-median-condos

https://www.loudountimes.com/news/loudoun-countys-median-home-sales-price-reaches-560k/article_d70a3032-43e5-11eb-9921-5fa61922ba51.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

Well, I just goggled median home prices and DC is easily 200k more. Also, you should know that median home prices is a better representation in real estate because a high or lower number on either end skews the average.


https://dc.curbed.com/2019/6/13/18677477/dc-real-estate-home-prices-median-condos

https://www.loudountimes.com/news/loudoun-countys-median-home-sales-price-reaches-560k/article_d70a3032-43e5-11eb-9921-5fa61922ba51.html

Oh tsk...tsk...please do keep up.

[Anonymous]

Anonymous wrote:^^^oh and BTW...

This is the metric used for appreciation. Here are DC stats:

As far as cities go, DC isn't faring that well. Housing reports just came out and DC didn't get a mention. The hot urban markets right now are all in the sunbelt with Austin leading the pack.

Year Sold Price (Median)
1999 $166,000
2000 $198,000
2001 $250,000
2002 $305,000
2003 $330,000
2004 $398,000
2005 $449,700
2006 $458,000
2007 $455,000
2008 $437,950
2009 $440,000
2010 $465,000
2011 $458,500
2012 $474,000
2013 $498,500
2014 $509,500
2015 $509,000
2016 $531,500
2017 $560,000
2018 $565,000
2019 $573,950

407k change in the median price. That is HUGE over 10 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

Well, I just goggled median home prices and DC is easily 200k more. Also, you should know that median home prices is a better representation in real estate because a high or lower number on either end skews the average.


https://dc.curbed.com/2019/6/13/18677477/dc-real-estate-home-prices-median-condos

https://www.loudountimes.com/news/loudoun-countys-median-home-sales-price-reaches-560k/article_d70a3032-43e5-11eb-9921-5fa61922ba51.html

Oh tsk...tsk...please do keep up.

You are easily misleading people who don’t understand the difference between median and average. Real estate people talk about median. No one talks about average.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

Well, I just goggled median home prices and DC is easily 200k more. Also, you should know that median home prices is a better representation in real estate because a high or lower number on either end skews the average.


https://dc.curbed.com/2019/6/13/18677477/dc-real-estate-home-prices-median-condos

https://www.loudountimes.com/news/loudoun-countys-median-home-sales-price-reaches-560k/article_d70a3032-43e5-11eb-9921-5fa61922ba51.html

According to your links, are we now comparing the single family home market in DC to the entire housing stock in Loudoun county? Because that's a really idiotic conversation that I'll have to remove myself from.

The conversation was DC and Ashburn. Not DC SFHs and all housing stock in Loudoun.

There's no need to twist numbers to create the narrative you seek. I could do that and cherry pick DC condos which are decimated. You sound like the sellers who try to meet me at appraisals and explain why their house compares to one 7 doors down with 3 extra bedrooms and 2 extra baths and a 70k kitchen remodel. You gotta stick to facts. Because preferences do not matter. The subject of this thread is the hot Ashburn market which is not in dispute at least by people who don't do Fake News not by people like myself who live in these numbers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

Well, I just goggled median home prices and DC is easily 200k more. Also, you should know that median home prices is a better representation in real estate because a high or lower number on either end skews the average.


https://dc.curbed.com/2019/6/13/18677477/dc-real-estate-home-prices-median-condos

https://www.loudountimes.com/news/loudoun-countys-median-home-sales-price-reaches-560k/article_d70a3032-43e5-11eb-9921-5fa61922ba51.html

Oh tsk...tsk...please do keep up.

You are easily misleading people who don’t understand the difference between median and average. Real estate people talk about median. No one talks about average.

Can you read? I literally posted the median for you. You then start rambling about median and how I'm not looking at median. For the love of God, keep up

[Anonymous]

Anonymous wrote:

Anonymous wrote:^^^oh and BTW...

This is the metric used for appreciation. Here are DC stats:

As far as cities go, DC isn't faring that well. Housing reports just came out and DC didn't get a mention. The hot urban markets right now are all in the sunbelt with Austin leading the pack.

Year Sold Price (Median)
1999 $166,000
2000 $198,000
2001 $250,000
2002 $305,000
2003 $330,000
2004 $398,000
2005 $449,700
2006 $458,000
2007 $455,000
2008 $437,950
2009 $440,000
2010 $465,000
2011 $458,500
2012 $474,000
2013 $498,500
2014 $509,500
2015 $509,000
2016 $531,500
2017 $560,000
2018 $565,000
2019 $573,950

407k change in the median price. That is HUGE over 10 years.

Well that's 20 years actually..

10 years is 133k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a home appraiser and wanted to give you some facts over emotions

1yr real estate appreciation
Ashburn: 6.7%
DC: 3.8%

Projected growth
Ashburn: 9.9%
DC 9.2%

Of DC, Arlington, Alexandria, McLean, Vienna, Fairfax, Reston, Herndon, Sterling, and Leesburg, only Herndon, Sterling, and Leesburg beat out Ashburn for appreciation.

Wanted to give an honerable mention to Bethesda and Bowie for beating everyone.

But sorry DC, you are the lowest performer in the group. You'll have to fight out the dregs of PG County for biggest loser.

There is literally ZERO properties for sale in the Reston 20194 zip code right now. That is HOT!

To the home appraiser, of course there is more appreciation if the price point is lower. DC is very expensive and the higher the price point, the less likely there is room for appreciation. Higher price point also narrows your pool of buyers who are able to afford it.

Look at the appreciation over past 3, 6, 9, and 12 years and you will see that DC will easily be in the top 1-3 if not #1.

I have lived in DC for the past 10 years. My house has appreciated close to to 300%.

Just recently sold a place in Ashburn in the spring. Broke even because Ashburn was hit hard in the housing bust in 2008.

Your understanding of the market is very limited to your unique experience. The average home price in DC is about 50k more than Ashburn. You obviously get more for your money in Ashburn, but let's look at DC's neighbor, Bethesda. Bethesda is the absolute highest priced market in the area and is also the highest performing market.

As someone who looks at these numbers all night and day (I've never been busier in my life), I wouldn't touch an investment in DC let alone in Virginia inside the beltway. All the action and the major momentum is pushing out. This is not just homes, but most importantly jobs.

What do you think about the fort belvoir/Alexandria area (from Amazon to fort belvoir-route 1)?

[Anonymous]

Anonymous wrote:

Anonymous wrote:^^^oh and BTW...

This is the metric used for appreciation. Here are DC stats:

As far as cities go, DC isn't faring that well. Housing reports just came out and DC didn't get a mention. The hot urban markets right now are all in the sunbelt with Austin leading the pack.

Year Sold Price (Median)
1999 $166,000
2000 $198,000
2001 $250,000
2002 $305,000
2003 $330,000
2004 $398,000
2005 $449,700
2006 $458,000
2007 $455,000
2008 $437,950
2009 $440,000
2010 $465,000
2011 $458,500
2012 $474,000
2013 $498,500
2014 $509,500
2015 $509,000
2016 $531,500
2017 $560,000
2018 $565,000
2019 $573,950

407k change in the median price. That is HUGE over 10 years.

Math isn’t your thing huh?

Yeah, probably best for you to stick with DC job wise.