SPRING MARKET!! What's the vibe?
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Anonymous
Is McLean on the downswing? |
Anonymous
| Close-in Silver Spring - homes going for over list before open house. |
Anonymous
| We have a $3mm house in Chevy Chase Village. Any thoughts on how quickly it would sell? Move in condition but no doubt someone would spend $100k on improvements. |
Anonymous
Where in the village? Between CT and Wisc. and south of Bradley? Also, between CT and Brookville Rd is desirable. That sounds like a reasonable price. I know a completely remodeled house (think it was a flip) took like 4 months to sell at $3.8MM. Haven’t seen the final sold price yet…my guess is it sold for less than that asking price. It was a large house but relatively small lot. Very close to the little walking path that borders FH. |
Anonymous
|
$1.2 million for an outdated split foyer in Lorton under contract in 3 days tells me that the market is rough.
https://redf.in/SE4z3N Guess I’ll never get to upsize. |
Anonymous
I don't think so. The houses listed all have issues. Three are around 2,000 sqft (or below), which is tough for a family; one is on a major road; one is a flip with a weird layout. The only one puzzling to me is the Kirkley house. It's well priced, though that Resource Protection Area and partial flood zone are red flags. And they should've seriously decluttered before listing. From what I've seen, nice looking houses (and even mediocre ones) go under contract immediately. Here are a few: https://www.redfin.com/VA/McLean/6534-Divine-St-22101/home/9402340 https://www.redfin.com/VA/Mc-Lean/1609-East-Ave-22101/home/9413658 https://www.redfin.com/VA/Mc-Lean/1558-Forest-Villa-Ln-22101/home/9407816 https://www.redfin.com/VA/Mc-Lean/6619-Weatheford-Ct-22101/home/9279115 https://www.redfin.com/VA/McLean/1839-Baldwin-Dr-22101/home/9473572 |
Anonymous
The Weatheford house has very little curb appeal. Crazy! |
Anonymous
It hasn't been updated and is a huge bargain for the neighborhood at $300K less than anything else sold in the past year. |
Anonymous
| Yeah we’re priced out of SFH’s at 300k hhi. Can’t handle a 7-10k mortgage payment, even in Ashburn. Already live in a townhouse with Covid interest rate so I guess we’re stuck |
Anonymous
No. Not at all. Short commute to DC and highly desirable schools. Not on a downswing, and not going to downswing. |
Anonymous
Agree. It's a very nice opportunity for someone. |
Anonymous
Then you aren't prioritizing buying a SFH, because you are not "priced out of SFH's at 300k hhi" at all. A 7k mortgage payment would be less than 1/3 of your hhi, and you'd probably be able to take a home mortgage deduction now that the SALT cap was adjusted as well. You aren't "stuck" in your townhouse; with a Covid interest rate I'd probably stay there, but that is not the same as "stuck." |
Anonymous
Maybe the 1.5 to 2 million market has better inventory than the sub 1.5 million market. |
Anonymous
Ha, I wish. |
Anonymous
| Sub $1.5 in Mclean you are competing with builders trying to inventory land. |