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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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  [/quote]

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![/quote]

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

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.  [/quote]

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:

[img]https://photos.zillowstatic.com/p_f/IS6msmj48bp63g0000000000.jpg[/img]
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:
[img]https://photos.zillowstatic.com/p_f/IS6afouferup6v0000000000.jpg[/img]
https://www.zillow.com/homedetails/8315-Old-Dominion-Dr-Mclean-VA-22102/89097904_zpid/?fullpage=true[/quote]
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.[/quote]

The idiot is you for thinking that that was implied anywhere. There is a substantial stock of truly ugly homes in the $2M and up range in both McLean zips that have been on the market for at least 6 months. And your sales #s are way off, much too high for even both McLean zips combined!

BTW, which of the homes I posted would you feel most comfortable buying? I think you're more of the bigger=better type, so I'd put you down for number 2.[/quote]

I've seen the first house. It's nicer than it looks in this picture and it's in a great neighborhood.  [b]Zillow is actually valuing it higher than the buyer paid in late May.[/b][/quote]

Zillow values are completely useless data point.  According to Zillow, our 1955 shitshack was worth $100K more than comparable homes had sold for and our current house is worth $50K more than any comp has ever sold for.  Redfin's estimates were closer but still substantially off market comps.  I think that neither algorithm is able to suss out what's a comp and what's not.[/quote]

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