Ashburn is going crazy

[Anonymous]

Is DC a good boundary to use for this analysis? I don’t think so. I mean, Trinidad is a very different place than Spring Valley, whereas Ashburn is relatively homogenous. I don’t think these are smart boundaries to use for a median home price analysis.

[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.

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

You can't go wrong anywhere in the region from DC all the way out to West Virginia (which BTW, I think Charles Town/Harpers Ferry is a GREAT buy, especially rentals).

That area is a middle of the packer.