| Still so little on the market! Do you think the extended winter may be contributing to the low number of listings? I wonder if more homes will be listed once we have warm weather and everyone's yards begin to bloom. |
| No |
| Yes, but its unrelated to blooming flowers. It's because people want to close and move over the summer when school is out. |
| Waiting in 20814 for a non-tear down on a decent sized lot for around $1.3 near Metro. I know I'm dreaming. |
| Still waiting here too.....have expanded our search area big time and still, nada. We're looking in upper NW. |
Bethesda metro or NIH? Glen wood/Edgewood if the latter. Or East Bethesda |
| Yes, but the higher prices have been set by the pre-blooming market. No bargains will accompany the daffodils. |
Battery Park, Bradley Village, Edgemoor area. |
| Need something in Crestwood or Forest Hills, DC. If people are waiting until school is out, does that mean the traditional spring market will become a summer market instead? |
| No, it means people will put houses on the market in April so closing can take place in June, and people will move when schools end for the year. |
| Not all markets are driven by schools. In Arlington about 20 percent of residents have kids in schools |
I have no idea where you would get these numbers, but I assume that includes condos. The single family market is going to behave much differently and will be more seasonal.
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If only. Us too. So depressing. The house on Glenbrook that went on earlier this week had potential but the lot is small |
Arlington County Public School website shows that 20 percent of residents have children in ACPS. This doesn't include parochial and private schools, but I don't think those figures would change the argument that about 75% of the Arlington real estate market is not dependent on schools. |
| It depends on what you mean by dependent in schools. School quality is going to be capitalized into prices if even a small fraction of buyers have children. This is why s Arlington sells at a significant discount to n Arlington. If you are talking about cyclicality of sales volume, then yes, Arlington will be less influenced by the school year because of the large population of 20 and 30 somethings. I would be willing to bet, however, that the 3 plus bedroom market for Arlington is just as cyclical in terms of activity as it is elsewhere. |