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Reply to "Prices dropping in MoCo???"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes it's dropping, 10-15% below last purchase price in 2023 - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691 Below purchase price in 2022 - https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706 Below purchase price in 2021 - https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644 [/quote] Two of these were new construction at the first sale. That is not a price drop, that is depreciation (like a new car 5 minutes after you drive it off the lot). The other hasn't sold yet so we don't have the final sales price, but it looks like the sellers got greedy.[/quote] Same builder, two houses side by side. exact same plan with same lot size Sold in 2024 - 2.2M - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691 Sold in 2025 - 2.07M https://www.redfin.com/MD/Bethesda/5917-Lone-Oak-Dr-20814/home/10676536 130K drop in price. [/quote]
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