House on Busy Street: What percentage reduction

[Anonymous]

Anonymous wrote:http://www.zillow.com/homedetails/3706-N-Glebe-Rd-Arlington-VA-22207/12059780_zpid/

http://www.zillow.com/homedetails/3535-N-Glebe-Rd-Arlington-VA-22207/12060445_zpid/

http://www.zillow.com/homedetails/4815-Little-Falls-Rd-Arlington-VA-22207/12060450_zpid/

http://www.zillow.com/homedetails/4786-Williamsburg-Blvd-Arlington-VA-22207/12060001_zpid/

http://www.zillow.com/homedetails/3405-N-Glebe-Rd-Arlington-VA-22207/12060501_zpid/

http://www.zillow.com/homedetails/3856-N-Glebe-Rd-Arlington-VA-22207/12061347_zpid/

Good God, those houses were ugly.

[Anonymous]

well there is some of both-
This house on Lee hwy has been on the market for a while- but it has a triple whammy, 1)overpriced, 2)not updated & 3)on Lee Hwy
http://franklymls.com/AR8308580

by contrast, this house also on Lee Highway on the other side of the street sold in 7 days at list price
http://franklymls.com/AR8209819

[Anonymous]

Anonymous wrote:

Anonymous wrote:http://www.zillow.com/homedetails/3706-N-Glebe-Rd-Arlington-VA-22207/12059780_zpid/

http://www.zillow.com/homedetails/3535-N-Glebe-Rd-Arlington-VA-22207/12060445_zpid/

http://www.zillow.com/homedetails/4815-Little-Falls-Rd-Arlington-VA-22207/12060450_zpid/

http://www.zillow.com/homedetails/4786-Williamsburg-Blvd-Arlington-VA-22207/12060001_zpid/

http://www.zillow.com/homedetails/3405-N-Glebe-Rd-Arlington-VA-22207/12060501_zpid/

http://www.zillow.com/homedetails/3856-N-Glebe-Rd-Arlington-VA-22207/12061347_zpid/

Good God, those houses were ugly.

+1! My eyes hurt from looking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:http://www.zillow.com/homedetails/3706-N-Glebe-Rd-Arlington-VA-22207/12059780_zpid/

http://www.zillow.com/homedetails/3535-N-Glebe-Rd-Arlington-VA-22207/12060445_zpid/

http://www.zillow.com/homedetails/4815-Little-Falls-Rd-Arlington-VA-22207/12060450_zpid/

http://www.zillow.com/homedetails/4786-Williamsburg-Blvd-Arlington-VA-22207/12060001_zpid/

http://www.zillow.com/homedetails/3405-N-Glebe-Rd-Arlington-VA-22207/12060501_zpid/

http://www.zillow.com/homedetails/3856-N-Glebe-Rd-Arlington-VA-22207/12061347_zpid/

Good God, those houses were ugly.

+1! My eyes hurt from looking.

I've been in the one on Williamsburg. It was pretty nice, actually.

[Anonymous]

I'd say it really depends on where you are.

If there's a public transportation bus stop within a block of your house, that might be a huge plus to someone who wants to not commute by car. I'd look favorably upon that, if it was in a decent 'hood in DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Redfin has sales history - changes in prices, delisting/relisting. Gives a better feel for homes that have trouble selling.

I think trouble selling is generally more market driven, then location driven (so looking at a listing that wasn't selling in 2009 may have nothing to do with location and everything to do with the market crash/credit standard tightening). Price cures all ills. The more urban the location, the less proximity to a busy street matters, as busy streets are everywhere. The more desirable the neighborhood/school district, the less the busy street matters. Fencing, size of driveway, degree of barrier from street, all would affect price.

All true. But the houses hit hardest by the market crash were those in the least desirable locations (e.g. - busy street).

No it doesn't work that way, least desirable locations mean outside the beltway far commute etc... it's not localized like that.

Ok - undesirable attribute if you prefer that language? I do think location matters though - both on the macro and micro level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Redfin has sales history - changes in prices, delisting/relisting. Gives a better feel for homes that have trouble selling.

I think trouble selling is generally more market driven, then location driven (so looking at a listing that wasn't selling in 2009 may have nothing to do with location and everything to do with the market crash/credit standard tightening). Price cures all ills. The more urban the location, the less proximity to a busy street matters, as busy streets are everywhere. The more desirable the neighborhood/school district, the less the busy street matters. Fencing, size of driveway, degree of barrier from street, all would affect price.

All true. But the houses hit hardest by the market crash were those in the least desirable locations (e.g. - busy street).

No it doesn't work that way, least desirable locations mean outside the beltway far commute etc... it's not localized like that.

Ok - undesirable attribute if you prefer that language? I do think location matters though - both on the macro and micro level.

And houses that had some "undesirable attributes" definitely had a tougher time when the market dropped. The house on the the busy street far from amenities sat longer and had a few more price drops than the house on the ideal quiet street near lots of stuff. All within same zip code.