SPRING MARKET!! What's the vibe?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Very normal for a 1940s home. Most "families with young kids" did not used to need (or want) a McMansion. If it's a "non starter" for you, you are looking at the wrong kind of house.

Wanting to have a baby / young kids sleeping on the same floor as you isn’t just a McMansion thing - plenty of original houses around this size have that. You must be the listing agent?

[Anonymous]

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Charming home, but insane price!

[Anonymous]

I bet it goes for over asking!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Very normal for a 1940s home. Most "families with young kids" did not used to need (or want) a McMansion. If it's a "non starter" for you, you are looking at the wrong kind of house.

Wanting to have a baby / young kids sleeping on the same floor as you isn’t just a McMansion thing - plenty of original houses around this size have that. You must be the listing agent?

You think you can't have a baby if you are in a house with 2 bedrooms on a top floor and another 2 on the first? Ok. Rich people make up problems to have, I guess.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Very normal for a 1940s home. Most "families with young kids" did not used to need (or want) a McMansion. If it's a "non starter" for you, you are looking at the wrong kind of house.

Wanting to have a baby / young kids sleeping on the same floor as you isn’t just a McMansion thing - plenty of original houses around this size have that. You must be the listing agent?

You think you can't have a baby if you are in a house with 2 bedrooms on a top floor and another 2 on the first? Ok. Rich people make up problems to have, I guess.

Huh? Never said you can’t have a baby in that situation… lay off the benzos

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Very normal for a 1940s home. Most "families with young kids" did not used to need (or want) a McMansion. If it's a "non starter" for you, you are looking at the wrong kind of house.

Wanting to have a baby / young kids sleeping on the same floor as you isn’t just a McMansion thing - plenty of original houses around this size have that. You must be the listing agent?

You think you can't have a baby if you are in a house with 2 bedrooms on a top floor and another 2 on the first? Ok. Rich people make up problems to have, I guess.

Huh? Never said you can’t have a baby in that situation… lay off the benzos

"Wanting to have a baby ... isn't just a McMansion thing..."

That is what you said. Implying that people who want to have a baby are not going to want this kind of house because it is too small. Lay off the failure to remember what you wrote.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:the market is very intense right now. i have lost out of multiple properties because someone placed an offer 5-10% over asking price.

Which neighborhoods?

Yorktown HS pyramid. It's like the Hunger Games rn.

I think it’s the Hunger Games everywhere. In my target area in a non Yorktown neighborhood in Arlington, listings are getting snatched within days. It’s the weirdest thing because even overpriced listings in south Arlington are getting snatched, while being one of the dullest spring markets in years as far as the number of the listings.

If they are “getting snatched” then they aren’t overpriced.

Going x% over listing is a stupid metric. We listed our house a few years ago at an aspirational price and it sat and we delisted after getting offers we weren't happy about. This time, we priced it low and had a bidding war and sold it in 72 hours at a price we thought was reasonable. Our realtor can brag about getting us $xk over asking, but it's a false statistic--the house sold at the price at which the market would bear, which is lower than it would have been a few years ago when interest rates were lower and the DMV wasn't decimated by all this job loss.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Very normal for a 1940s home. Most "families with young kids" did not used to need (or want) a McMansion. If it's a "non starter" for you, you are looking at the wrong kind of house.

Wanting to have a baby / young kids sleeping on the same floor as you isn’t just a McMansion thing - plenty of original houses around this size have that. You must be the listing agent?

You think you can't have a baby if you are in a house with 2 bedrooms on a top floor and another 2 on the first? Ok. Rich people make up problems to have, I guess.

Huh? Never said you can’t have a baby in that situation… lay off the benzos

"Wanting to have a baby ... isn't just a McMansion thing..."

That is what you said. Implying that people who want to have a baby are not going to want this kind of house because it is too small. Lay off the failure to remember what you wrote.

I never said anything about the size of the house or implied it was too small if you care to read the prior posts. I said most people with kids don’t want the bedrooms split up on different floors when the kids are young. I don’t understand your logic where that statement is equivalent to saying it’s too small? That doesn’t make any sense?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I think it’s the Hunger Games everywhere. In my target area in a non Yorktown neighborhood in Arlington, listings are getting snatched within days. It’s the weirdest thing because even overpriced listings in south Arlington are getting snatched, while being one of the dullest spring markets in years as far as the number of the listings.

NOVA is worse. The market in DC and MD is a tad bit softer.

That is definitely not true in the Bethesda / NW DC market. I know from experience very recently. But various price pockets are stronger or softer than others.

I just don’t get the overall US housing market because how do you explain Miami? Rent is supper high, never mind buying. Many lower middle class people are decamping to places unknown. Here’s an example, a relative purchased a townhouse in the coconut grove area for 800k 9 years ago, her neighbor just sold her identical unit for 2.3m, like how? She’s been trying to trade up for the last 4 years but it’s never going to happen now. The units at her townhouse complex doesn’t look like anything worth 2.3M. There’s no amenities and the maintenance fees are over $600

M’am, I’m going to need you to visit MiamiUrbanMoms.

Stories about the Miami real estate market aren’t at all useful in this region

This. Miami RE had been also trading sideways for the decades and is subject to various booms and busts that aren't just locality related by related to it being a weird combination of tax shelter and vacation property niche. Also foreign investors from Europe and South America. Too many factors effect Miami RE that's beyond local economy, which makes this market volatile and not for everyone. Also scammy nature of the place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We’re casually looking for a new house (don’t have to move, but would for the right house and price). This one is so cute but it’s only got 2 bedrooms on the 2nd floor (and nursery on the first… huh?) Anyways - what is up with all these N Arlington homes with only 2 beds upstairs? Are they renovating the bedrooms to add WIC and en suite bathrooms and removing a small original 3rd bedroom or is this normal? This is the 3rd or 4th otherwise nice house to list in that area with the same issue. It’s a non starter for most families with young kids.

https://redf.in/g56vbS

Charming home, but insane price!

IDK, It's move-in ready, which is important for a lot of people. Has 2 bedrooms on main level, which is a plus for many people too. I personally don't dig cape-cod like slanted low ceiling second floors, but some are ok with it. Location is decent too, although I wouldn't call it walkable, it's still suburbia in my books. But given that townhomes in good school districts go for this much, having an SFH isn't a bad deal.