Silver Spring flight?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All those people leaving have 4 or 5 year olds and recently toured their local elementary school.

You can roll your eyes, but that's how things go in our zip (20901). We did it. Our neighbors did it. Our neighbor's neighbor did it. And so on. The people who owned the houses before us did it. It's a great 4-5 year cycle for the realtors. Young families move in and are typically buying a starter home. They either just had their first or are about to. They don't look closely at the schools, and just take on faith there will be a decent enough option available when the time comes. So yes, you see lots of young bright-eyed families moving in. There are cute houses, cute parks, and lots of moms with strollers out for a walk. Once the time to enroll comes along, though, those same young families are paying attention and they realize why the previous owner left once the kids turned five. They sell the house, move to Bethesda (or just about anywhere with a school that doesn't feel like inner-city poverty) and the cycle continues. It's a great place, but the public schools can be a serious crap shoot. There are some pockets where the school is beloved, but the opposite can easily be true just one block away.

Careful, your bias is showing.

Whatever. I'm just explaining a real trend. And yes, I am biased against a SCHOOL whose teachers privately acknowledge that the needs of my child are unlikely to be met.

and what does that have to do with "inner city poverty"? how impoverished are people who can afford $400,000+ homes?

On DCUM, if it ain't white and $1M+, it ain't right.

It's the 5 apartment complexes the feed into the school that comprise the student body, which is more than 95% FARMS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All those people leaving have 4 or 5 year olds and recently toured their local elementary school.

You can roll your eyes, but that's how things go in our zip (20901). We did it. Our neighbors did it. Our neighbor's neighbor did it. And so on. The people who owned the houses before us did it. It's a great 4-5 year cycle for the realtors. Young families move in and are typically buying a starter home. They either just had their first or are about to. They don't look closely at the schools, and just take on faith there will be a decent enough option available when the time comes. So yes, you see lots of young bright-eyed families moving in. There are cute houses, cute parks, and lots of moms with strollers out for a walk. Once the time to enroll comes along, though, those same young families are paying attention and they realize why the previous owner left once the kids turned five. They sell the house, move to Bethesda (or just about anywhere with a school that doesn't feel like inner-city poverty) and the cycle continues. It's a great place, but the public schools can be a serious crap shoot. There are some pockets where the school is beloved, but the opposite can easily be true just one block away.

20901 encompasses several school clusters. Fromt eh sound of your post, you bought on the wrong side of Flower Ave.

BINGO!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All those people leaving have 4 or 5 year olds and recently toured their local elementary school.

You can roll your eyes, but that's how things go in our zip (20901). We did it. Our neighbors did it. Our neighbor's neighbor did it. And so on. The people who owned the houses before us did it. It's a great 4-5 year cycle for the realtors. Young families move in and are typically buying a starter home. They either just had their first or are about to. They don't look closely at the schools, and just take on faith there will be a decent enough option available when the time comes. So yes, you see lots of young bright-eyed families moving in. There are cute houses, cute parks, and lots of moms with strollers out for a walk. Once the time to enroll comes along, though, those same young families are paying attention and they realize why the previous owner left once the kids turned five. They sell the house, move to Bethesda (or just about anywhere with a school that doesn't feel like inner-city poverty) and the cycle continues. It's a great place, but the public schools can be a serious crap shoot. There are some pockets where the school is beloved, but the opposite can easily be true just one block away.

Careful, your bias is showing.

Whatever. I'm just explaining a real trend. And yes, I am biased against a SCHOOL whose teachers privately acknowledge that the needs of my child are unlikely to be met.

In my part of 20901, this was our trend:

In 2013, the median sales price of single family homes in South Four Corners was $449,000 and properties stayed on the market for an average of 24 days. That’s an increase from 2012’s $379,000 / 44 days.

In 2013, the median price was $435,000 and homes were on the market for an average of 32 days. In 2012, the median price was $380,000 and homes were on the market for an average of 49 days. That’s an increase of $55,000.

The houses still retain their value on what another poster referred to as the wrong side of Flower. Some of the houses are really cute and some of the lots are a little larger, and when the Silver Spring market is doing well, those houses do well too. I think the biggest winner when it comes to the so-called wrong side of Flower are the realtors, because there's some guaranteed turnover. I think the reason there are so many houses on the market now is because people held off because prices dropped significantly in 2005/06, and now they're creeping back to the pre-crash prices. There was pent up supply - it's not some sort of sudden and collective aversion to Silver Spring or anything.