Looks like we are almost back at 2007 price in 22043, 22182 and 22046

[Anonymous]

Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

[Anonymous]

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

According to Zillow you are still about 10% off 2007 prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

According to Zillow you are still about 10% off 2007 prices.

why does anyone bothering citing zillow for anything, like it's some sort of accurate barometer?

[Anonymous]

6:42, do you have a more accurate source of information?

[Anonymous]

I think zillow is a trailing indicator I an looking at current contracts

[Anonymous]

Ive never heard of these zips. Are they real? 20007, 20008 , 20016 and 20015 are the only zip codes that really matter on DCUM.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

According to Zillow you are still about 10% off 2007 prices.

why does anyone bothering citing zillow for anything, like it's some sort of accurate barometer?

In this area, it is pretty accurate
http://www.washingtonpost.com/blogs/where-we-live/post/how-accurate-is-your-zestimate/2012/03/07/gIQAV3W8yR_blog.html

[Anonymous]

you can compare solds on franklymls from 2007 in a particular zip code to more recent solds.

[Anonymous]

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

We lost a house in 22043. We bid $35 over ask and lost it to someone who waived all contingencies (except financing). 8 offers on the house in 3 days. It's a very hot zip right now.

[Anonymous]

I live in 22182. I don't pay much attention to sales (they will carry me out of my home feet first), but Fairfax County sure as hell thinks the value has gone up--my tax assessment is now higher than when we purchased in late 2007.

[Anonymous]

In my neighborhood, houses regularly sell for $50-125K over what Zillow says. I don't think it's accurate in this area at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

We lost a house in 22043. We bid $35 over ask and lost it to someone who waived all contingencies (except financing). 8 offers on the house in 3 days. It's a very hot zip right now.

Curious, could you share the price range of the house? We're in the area and possibly selling later this year so have been watching the comps with great interest!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

We lost a house in 22043. We bid $35 over ask and lost it to someone who waived all contingencies (except financing). 8 offers on the house in 3 days. It's a very hot zip right now.

Curious, could you share the price range of the house? We're in the area and possibly selling later this year so have been watching the comps with great interest!

Sure. It was originally priced in the low $800s and went for just over $850, I think (hasn't closed). This was in the McLean pyramid, not Pimmit Hills. I do know that it will not appraise for the sales price--that was clear in the negotiations. We would have had to make up the difference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

We lost a house in 22043. We bid $35 over ask and lost it to someone who waived all contingencies (except financing). 8 offers on the house in 3 days. It's a very hot zip right now.

Curious, could you share the price range of the house? We're in the area and possibly selling later this year so have been watching the comps with great interest!

looking at homes priced between 400k-500k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.

We lost a house in 22043. We bid $35 over ask and lost it to someone who waived all contingencies (except financing). 8 offers on the house in 3 days. It's a very hot zip right now.

Curious, could you share the price range of the house? We're in the area and possibly selling later this year so have been watching the comps with great interest!

Sure. It was originally priced in the low $800s and went for just over $850, I think (hasn't closed). This was in the McLean pyramid, not Pimmit Hills. I do know that it will not appraise for the sales price--that was clear in the negotiations. We would have had to make up the difference.

So if it doesn't appraise for sales price but someone pays our of pocket to make up the difference, would the next home appraise for the previous one that didn't appraise?