I think the bubble is popping.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

This house is attractive and priced lower than spring comps. I am surprised it hasn’t sold.
https://www.redfin.com/VA/Falls-Church/704-Randolph-St-22046/home/12035522?2093706699=no_custom_share_sheet&1280460695=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Ew no I would not buy this even if I could afford it

LOL. In other words, you can’t afford an attractive house.

Check out the last page of the “H Street/Capitol Hill” thread.

Np but that falls church house has a terrible facade with too many pillars and a junky kitchen island. Bothe would be deal breakers for me.

[Anonymous]

I really like the FCC house on Randolph. It is comparable to this one, that sold for 1.6, https://www.redfin.com/VA/Falls-Church/504-Meridian-St-22046/home/12033334, at the beginning of July, and it is vastly more attractive than this one that sold at 1.575, https://www.redfin.com/VA/Falls-Church/111-S-Lee-St-22046/home/12034467. If you go back further in the Spring there are even higher comps (these two are both a little past peak).

[Anonymous]

Anonymous wrote:I really like the FCC house on Randolph. It is comparable to this one, that sold for 1.6, https://www.redfin.com/VA/Falls-Church/504-Meridian-St-22046/home/12033334, at the beginning of July, and it is vastly more attractive than this one that sold at 1.575, https://www.redfin.com/VA/Falls-Church/111-S-Lee-St-22046/home/12034467. If you go back further in the Spring there are even higher comps (these two are both a little past peak).

Neither of these links work

[Anonymous]

lol at people not liking the randolph house because it's not builder grade remodeled.

[Anonymous]

Seeing 800k used town homes for sale on top of 495 and 270 in Maryland. That’s a sign!

[Anonymous]

Anonymous wrote:lol at people not liking the randolph house because it's not builder grade remodeled.

And the point is that it would have still sold in a hot minute a month or two ago.

The idea that the market isn't slowing until the really great houses sit on the market is BS. You know the market is slowing when the flawed houses sit, and then the not-perfect houses sit. When we bought in 2011, we were just coming out of the great real estate downturn, and great houses in good locations were still selling the first day they went on the market. We bought a house by word of mouth and the seller had another offer, in addition to ours.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I really like the FCC house on Randolph. It is comparable to this one, that sold for 1.6, https://www.redfin.com/VA/Falls-Church/504-Meridian-St-22046/home/12033334, at the beginning of July, and it is vastly more attractive than this one that sold at 1.575, https://www.redfin.com/VA/Falls-Church/111-S-Lee-St-22046/home/12034467. If you go back further in the Spring there are even higher comps (these two are both a little past peak).

Neither of these links work

They work now and these houses are completely different from the Randolph one. If the Randolph one is your taste, great, but I think it's ugly AF.

[Anonymous]

Well this NWDC house just closed for more than $400k over asking:
https://www.redfin.com/DC/Washington/3516-Albemarle-St-NW-20008/home/9975635

[Anonymous]

Individual houses going for over asking do not a hot market make.

[Anonymous]

Anonymous wrote:Individual houses going for over asking do not a hot market make.

And the fact that overpriced ugly houses like this one are sitting dies not mean the "bubble is popping" https://www.redfin.com/MD/Kensington/3117-Plyers-Mill-Rd-20895/home/10994093?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link&2010988919=control

[Anonymous]

Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

[Anonymous]

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Totally normal for August.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.

Totally normal for August.

I believe that summer should be busy as people are ready to move before school starts.

[Anonymous]

This went for $1.9, $200k over list.
https://www.redfin.com/DC/Washington/1424-Longfellow-St-NW-20011/home/10017759?2093706699=no_custom_share_sheet&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

[Anonymous]

Anonymous wrote:This went for $1.9, $200k over list.
https://www.redfin.com/DC/Washington/1424-Longfellow-St-NW-20011/home/10017759?2093706699=no_custom_share_sheet&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Meant almost $400k over list