Has the market cooled down drastically?

[Anonymous]

Homes in my North Arlington neighborhood are selling as soon as they hit the market, or while they have a "coming soon" sign out front - IF they aren't way overpriced. Even the ones that sat for a few weeks or a couple months have recently sold. So I don't think the market around me has cooled at all.

[Anonymous]

mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

[Anonymous]

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

This board is so twisted. A market is "dead" if people aren't scrambling to buy houses that cost more than two million dollars? No, you contemptible bubble-dwellers, the entire market isn't dead.

[Anonymous]

Anonymous wrote:Recently built homes don't appreciate in short term because they're likely competing with actually new homes. So until your little corner of nowhere is built out and becomes somewhere, you can't expect year on year appreciation. You're competing with all the new homes in all the other nowheres in the meantime.

This is the key post of this thread. OP, this.

[Anonymous]

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

Are you saying it's not normal for houses in that price range to sit that long?

[Anonymous]

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

Sounds like they're having trouble finding greater fools to buy oversized-McMansions. I looked up what's been on the market 6+ months in McLean in the $2M-$5M range and boy did my eyes hurt after seeing those places! On the plus side, knowing those houses are sitting makes me feel better about humanity!

[Anonymous]

Anonymous wrote:

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

Sounds like they're having trouble finding greater fools to buy oversized-McMansions. I looked up what's been on the market 6+ months in McLean in the $2M-$5M range and boy did my eyes hurt after seeing those places! On the plus side, knowing those houses are sitting makes me feel better about humanity!

I looked as well, and there are definitely a ton of ugly houses in that price point, whether or not they've been sitting.

[Anonymous]

I was just talking with my neighbor today (live in Shaw DC) who is a realtor for one of the biggest agencies in town and he was saying that they've been having numerous meeting to discuss the cooling down of the market... particularly with regard to listings above $1.2 million. We're looking to move into a more family-friendly part of the city and are definitely sensing this trend also.

[Anonymous]

Anonymous wrote:

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

This board is so twisted. A market is "dead" if people aren't scrambling to buy houses that cost more than two million dollars? No, you contemptible bubble-dwellers, the entire market isn't dead.

Yeah, houses in my McL neighborhood have recently sold or gone under contract for prices ranging from $850K to $2.7M. There's more to McLean that the Reserve and Garfield Park.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

Sounds like they're having trouble finding greater fools to buy oversized-McMansions. I looked up what's been on the market 6+ months in McLean in the $2M-$5M range and boy did my eyes hurt after seeing those places! On the plus side, knowing those houses are sitting makes me feel better about humanity!

I looked as well, and there are definitely a ton of ugly houses in that price point, whether or not they've been sitting.

Blah, blah, blah. There are 27 homes in the $2-5M range pending in McLean and about two dozen that have sold in the last three months in that price range.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

Sounds like they're having trouble finding greater fools to buy oversized-McMansions. I looked up what's been on the market 6+ months in McLean in the $2M-$5M range and boy did my eyes hurt after seeing those places! On the plus side, knowing those houses are sitting makes me feel better about humanity!

I looked as well, and there are definitely a ton of ugly houses in that price point, whether or not they've been sitting.

Blah, blah, blah. There are 27 homes in the $2-5M range pending in McLean and about two dozen that have sold in the last three months in that price range.

There are also about six dozen in that price range that have sat for 6 months or more. And dozens more have hit the market more recently.

There's a silver lining here. If you're heart broken you lost out on this fugly number:


https://www.zillow.com/homedetails/1430-Waggaman-Cir-Mclean-VA-22101/51752268_zpid/?fullpage=true

Rest assured, this gem in the McLean style is still on the market:

https://www.zillow.com/homedetails/8315-Old-Dominion-Dr-Mclean-VA-22102/89097904_zpid/?fullpage=true

[Anonymous]

Why is that 1st house above "fugly"? It just kind of looks like a large, nothing out of the ordinary house to me?

[Anonymous]

how about this home? http://spws.homevisit.com/hvid/181561
designed by MIT chair of architect

mcmansion too?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:mclean market is dead, there are 6 houses from 2.7M to 4.5M sitting in my neighborhood for at least 6 months now

the only sale recently was an empty lot for 1M

Sounds like they're having trouble finding greater fools to buy oversized-McMansions. I looked up what's been on the market 6+ months in McLean in the $2M-$5M range and boy did my eyes hurt after seeing those places! On the plus side, knowing those houses are sitting makes me feel better about humanity!

I looked as well, and there are definitely a ton of ugly houses in that price point, whether or not they've been sitting.

Blah, blah, blah. There are 27 homes in the $2-5M range pending in McLean and about two dozen that have sold in the last three months in that price range.

There are also about six dozen in that price range that have sat for 6 months or more. And dozens more have hit the market more recently.

There's a silver lining here. If you're heart broken you lost out on this fugly number:


https://www.zillow.com/homedetails/1430-Waggaman-Cir-Mclean-VA-22101/51752268_zpid/?fullpage=true

Rest assured, this gem in the McLean style is still on the market:

https://www.zillow.com/homedetails/8315-Old-Dominion-Dr-Mclean-VA-22102/89097904_zpid/?fullpage=true

what an idiot! You think if there're sitting homes, it must mean homes are not selling?
You probably don't know in the past 6 months there have been 47 homes over $2m sold or pending in 22101 alone.

[Anonymous]

Anonymous wrote:how about this home? http://spws.homevisit.com/hvid/181561
designed by MIT chair of architect

mcmansion too?

That's amazing and wonderful