Reply to Why isn't this house selling in Purcellville? Home was built in 2020

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That's a lot of money ... for living someplace I've never heard of[/quote]

I am embarrassed for you.

Who hasn’t heard of Purcellville? It’s pretty coveted. [/quote]

NP:  This house is more than 4000 sq. feet, on  3 acres, is $288/sq. foot, and the general consensus is that it's overpriced.  In this area, that's far from coveted.  In fact, it's a steal (other than the fact that it's in West Bumble F).  [/quote]

Shows a lot of ignorance.  A ton of people with more money than you want to live in that area.

This specific house, for many reasons, just isn’t a good one.[/quote]

I'm sure they do.  But that really has nothing to do with the point.  How "coveted" an area is can be determined by the price of housing - supply and demand.  The more people want to live somewhere, the more "coveted" it is, and the higher housing prices are.  Since all houses are different, the only objective way to assess housing prices is price per sq. foot.  And coming full circle, is $288/sq foot is too high a price, the area just isn't that "coveted."  I suppose, this could be an anomaly - that the price per square foot could be double or triple what this house is going for.  But based on others comments here, I doubt it.

I'm sorry the math doesn't support your preconceived notions, but here we are.  [/quote]

You know nothing of the real estate market there.[/quote]

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