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Reply to "Avenel- Is there something wrong?"
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[quote=Anonymous]It's pretty amazing, but Avenel has really not appreciated in value in almost 30 years. We looked at Avenel when it was first being built, and I just checked out some of the listings on Zillow. There's a row house on the 18th green that is selling for pretty much what it was selling for in 1988-89ish. I remember because $1 million for a row house in Potomac seemed nuts to me (even now, but especially back then!). A single family home that we looked at (or one that is virtually identical) was selling for around $850 and is now on the market for $1.1. We didn't buy there because we didn't want the commute and it seemed to me that the houses were overpriced. Back then, the houses were shiny new and on-trend, but those vaulted living rooms look pretty dated now (and that's not a cheap fix). [/quote]
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