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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][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] So many places in the region have done better over the last decade than Great Falls. It's not just losing out to the close-in suburbs in NoVa, but also to the further-out suburbs in Maryland. https://www.washingtonpost.com/graphics/business/wonk/housing/overview/?hpid=hp_rhp-top-table-main_housing-divide%3Ahomepage%2Fstory[/quote] Winners are inside the Beltway or near Orange/Silver line. Great Falls is neither so it will keep languishing.[/quote]
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