Reply to Concerned about buying in WJ cluster because of re-zoning

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Some of the posts in this thread are out of line, but 100K house price reduction can be hard for families stretching it to get to WJ right now. Everyone doesn't make 400K of 800K HHI cited above in this thread. 100K reduction may not matter than much if you hake 400-800K. Some perspective is needed from both sides. [/quote]

You'er delusional if you think houses in the WJ area are going to decrease by $100,000. If schools were so central to housing prices homes in Takoma Park wouldn't be selling for $1M. That's because it's about location first and foremost, and traffic is going to be much worse 3-4 years from now when Woodward opens, which is going to make location even more important.

Homes in the Town of Kensington within walking distance to the shops, Safeway and MARC are still going to be expensive because of the location. Homes near Rockville Pike, Pike and Rose, the White Flint development and two Metros are still going to be expensive because of location. Even homes in Alta Vista will still be expensive because of their proximity to Bethesda and it's $2M+ homes.

Location, location, location. The only area I can see [i]maybe [/i]taking a hit maybe is the area zoned for Farmland, which isn't close to really anything except 270.[/quote]

You only need to compare home prices in Kensington to North Kensington a block or two north.

https://www.redfin.com/MD/Kensington/10608-Lexington-Ct-20895/home/10962729

https://www.redfin.com/MD/Kensington/3805-Archer-Pl-20895/home/11030138

It’s amazing how as soon as you cross the border out of Kensington that prices fall.  Look at Garrett Park Estates vs Viers Mill Village for another example.  [/quote]
I take your point but Randolph Hills is a much better comparison to Garrett Park Estates. The houses and lots in Veirs Mill Village are SO TINY and there are no driveways and the streets are really narrow and hilly - it’s not really comparable to anything else.[/quote]

Yes but Viers Mill Village is situated right between Kensington and Garrett park.  Yes it's hilly and the houses are tiny (but comparable to Garrett Park Estates which is why I mentioned it) but that doesn't account for the price differences.  I mean you literally have very expensive homes East, South, and West of Viers Mill Village.  It's almost encircled in more expensive areas yet it is WAY cheaper.  Way more than to account for just the hills.[/quote]

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