Reply to What will these $2 million-plus new builds in Bethesda sell for?

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Reply to "What will these $2 million-plus new builds in Bethesda sell for?"

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[quote=Anonymous][quote=Anonymous]Many people who live in the Whitman cluster send their kids to private school. So people choose to live in that area not just because of Whitman, but also because it's a nice, affluent area that gives you a decent commute to DC.[/quote]

There are better houses, closer in, in better neighborhoods if you want to pay nearly 3m in this market. This neighborhood is nothing special at all. Go for a drive and have a look, you'll see what I mean. There is virtually no community feel, no one is ever out chatting on their driveways or sharing potlocks or what have you. It's very typical nondescript, sprawling Bethesda neighborhood without any particular identity. People go to work and come home and mostly keep to themselves. It's fine. But $3m for a very cookie-cutter, mediocre house? It's not that kind of neighborhood.

Also, it's not even all that uniformly affluent -- there are plenty of very small ranch houses occupied by families that bought decades when this was more of an average, middle-class area (before people inexplicably started going bananas for Whitman cluster). There are also a LOT of elderly people who are aging at home in 4 and 5 bedroom houses from the 1960s. Overall, it's fine. But it's not special enough to lure anyone into paying 20% - 30% more than these houses are worth in the current market. [/quote]

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