Reply to Do you think the Pimmit Hills area will eventually become upscale?

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

The "premiere area"?  LOL.

Anyway, your logic is less than compelling.  Pimmit Hills isn't that great today, and there are limits to its upside potential given the housing, but it's better than it was when people associated it with the Pagans and other gangs and Marshall was considered one of the worst high schools in the county (not just because it drew from PH but also because it drew from lower-income apartments that are still around).  22042 has a great location and, more recently, has been appreciating more rapidly [b]than the PH zip code.  [/b]

As for all the things you claim are going for PH, don't exaggerate.  The Metro stations aren't really within walking distance for most residents; people don't necessarily want to be surrounded by super-highways; the elementaries aren't as highly rated as others in McLean and Vienna; and the schools are overcrowded and projected to be seriously over-capacity soon.  The main thing it has had going for it was that it was less expensive than some nearby areas, but if prices go up more people will just look elsewhere for entry-level housing, new builds, etc.  [/quote]
Than the PH ZIP CODE?  You think you can slip that piece of crap into your argument and no one will notice? PH is only a tiny part of 22043.  That zip code includes many other areas in addition to PH that are more upscale and more stabilized, and therefore appreciate slower.  [/quote]

PH accounts for a sizable part of 22043, dear.  In fact, when you search for info on PH transactions in some sites, you get results that include other, more expensive parts of 22043 that give a misleading impression of things like median sales prices in PH.   [/quote]
So you are agreeing with me, and in the same breath you say it's a bad thing? You said "more rapidly than the PH zip code." It's completely accurate to point out that 22043 results are attributable to more than PH. You got a problem with that fact?  Why did you use a misleading piece of stats to bolster your argument?[/quote]

No need to twist, as there really only two salient points:  (1) 22042 as a zip code has been appreciating quite a bit recently; and (2) the median sales price in PH itself is much lower than the $805K figure tossed out earlier.  [/quote]

http://www.homesnap.com/news/2015-01-02/article/pimmit-hills-real-estate-market-continues-downward-trend-in-contracts[/quote]

So they highlight a "downward trend" in PH and feature the two million-plus houses that have actually been built and listed in PH, both on the market over 100 days.   Under-whelming.

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