Reply to Prices dropping in MoCo???

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Reply to "Prices dropping in MoCo???"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry wrong price listed. Messed it up.

Correction: Same house plan, same builder, side by side.

Sold in 2023 - 2.375M  - https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691

Sold in 2025 - 2.073M 
https://www.redfin.com/MD/Bethesda/5917-Lone-Oak-Dr-20814/home/10676536

300K drop in price for new built in 2 years.

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Both of these houses first went on the market in 2023, but for some reason the second one didn't sell until now.

Market may very well be dropping but this doesn't tell us that.[/quote]

I am not the PP, but this clearly says that market has dropped from 2023. I won't pay attention to exact 300K drop, but that kind of price difference leaves no room for any doubts that market has shifted. [/quote]
No, it says that two houses built in 2023 depreciated by 2024/2025 because they were no longer new construction. It's like saying car prices are going down based on you selling your new Civic a week after you bought it.[/quote]

I did not post in this thread but this responce cracked me up.

House is not a car.

300K deprecaition for new house which was not used by anyone in 1-2 years, lol.

If I have to guess, I would say that you are a builder. I don't see anyone else making such arguments.

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