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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][quote=Anonymous]We sold in early 2015 in Great Falls, and I've watched our old neighborhood's sales since. Prices peaked last year, and nothing has even come close to what we got last year, even on very comparable houses. I think -5% may even be a little light. Just averaging prices out in our old neighborhood, it might be closer to 8 or 9%.[/quote] There are so few big developments in Great Falls where the actual houses do not have much variation. Any besides Riva Ridge, Pensive/Challedon area, and Holly Knoll? Others "neighborhoods" might have been done by a developer but there is more variation and the homes are semi-custom or custom. Maybe 20 or fewer houses and all are different. A developer might have bought 20 acres and put on 4-12 houses but none match. Some stuff pending not closed is off the mls that feeds zillow, redfin etc. Addresses of these pending now show as off the market. [/quote]
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