Reply to Chevy Chase, DC v. Takoma Park, MD

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If we're going to discuss resale value, might want to stick to facts.

CCDC average price per square foot is DOWN 7% YOY. 
http://www.trulia.com/real_estate/Upper_Chevy_Chase-Washington/1904/

TKPK MD average price per square foot UP 20% YOY.
http://www.trulia.com/real_estate/Takoma_Park-Maryland/

Reading between the lines, CCDC is a mature market where prices have topped out.  TKPK is still a bargain, but has room for growth.[/quote]
I think the main problem with takoma park is the thing some people like, the tiny old smaller than 1800sqrft homes and not enough new normal sized homes.[/quote]

I guess it's a matter of personal preference.  Personally, I’ve never been keen on the zero-lot-line mini-mansions teardowns going in around CCDC, but they evidently have their fans.  Some other noteworthy real estate trends from the past year in the CCDC area:
•	According to Fairweather, arts and crafts infill homes are “the new face of Bethesda-Chevy Chase.” In 2012 and 2013, 138 existing homes wore torn down and replaced with arts and crafts style homes in single family neighborhoods close to downtown Bethesda.
•	The difference in price for homes within walking distance to downtown Bethesda and homes that require car travel is significant: Homes within walking distance range from $2 million to $5 million. Homes out of range typically fall in the $1.2 to $1.8 million area.
•	The teardown trend sweeping Bethesda is good for longtime homeowners making profits off of sale prices. But Fairweather said “we are definitely losing affordable housing.”
http://www.bethesdanow.com/2013/06/07/bethesdas-luxury-housing-boom-only-going-to-continue/
[/quote]

I think the article talks about Bethesda and CC MD, not CC DC[/quote]

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