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Reply to "Tempted to move to great falls from McLean as prices seem to be falling"
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[quote=Anonymous]Here is the Washingtonian Quote "The median home price in Potomac’s 20854 fell by 3.7 percent last year, to $855,000. Great Falls dropped by 4.7 percent, to just over $1 million. Over the past ten years, as demand for homes in walkable urban centers has steadily increased, demand for those in swanky drivable suburbs has slipped, according to research by Christopher Leinberger, chair of the Center for Real Estate and Urban Analysis and an expert on walkable urbanism. Leinberger says Washington has an excess of suburban cul-de-sac homes and a shortage of two-bedroom downtown condos: “We built too much of the McLeans and the Potomacs.” The result will likely be downward pressure on home prices in farther-afield neighborhoods with large lots and mansions (or at least McMansions)."[/quote]
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