Anonymous
Post 06/16/2025 11:40     Subject: Vienna Housing Market
Anonymous wrote:Is the housing market in Vienna really bad? Why would the home owner drop the price by $126k 5 days after listing?

https://www.realtor.com/realestateandhomes-detail/300-Jade-Ct-NW_Vienna_VA_22180_M51783-18029

Additionally, noticing similar drops in Oakton. I thought these were coveted areas?


It makes sense that they dropped the price based on the sale price of the home next door.

Sucks for both sellers in this case!
Anonymous
Post 06/16/2025 11:34     Subject: Vienna Housing Market
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We live in Vienna and in our neighborhood homes are still flyin' (which is strange because the overall cooling off should have impacted our areas too)


+1

Same. We are near Wolf Trap.


are your homes in the $2m plus range?


Under $2M are selling. A lot of homes in Vienna priced between $2M - $2.5M are harder to move.
Anonymous
Post 06/16/2025 11:33     Subject: Vienna Housing Market
Houses in my $1-$1.5M Vienna neighborhood are selling quickly. I’m surprised, I’d have thought the current political climate would’ve slowed things down.
Anonymous
Post 06/16/2025 11:30     Subject: Vienna Housing Market
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We live in Vienna and in our neighborhood homes are still flyin' (which is strange because the overall cooling off should have impacted our areas too)


+1

Same. We are near Wolf Trap.


are your homes in the $2m plus range?


Slightly under.
Anonymous
Post 06/16/2025 11:11     Subject: Vienna Housing Market
Anonymous wrote:
Anonymous wrote:We live in Vienna and in our neighborhood homes are still flyin' (which is strange because the overall cooling off should have impacted our areas too)


+1

Same. We are near Wolf Trap.


are your homes in the $2m plus range?
Anonymous
Post 06/16/2025 10:33     Subject: Vienna Housing Market
Anonymous wrote:We live in Vienna and in our neighborhood homes are still flyin' (which is strange because the overall cooling off should have impacted our areas too)


+1

Same. We are near Wolf Trap.
Anonymous
Post 06/16/2025 10:12     Subject: Vienna Housing Market
Based on feedback was probably overpriced and the seller/agent acted accordingly.
Anonymous
Post 06/16/2025 10:12     Subject: Vienna Housing Market
101 pictures is excessive. Unless it’s the Biltmore mansion or something, it makes no sense to start with 20+ photos of the exterior taken from every last angle.
Anonymous
Post 06/16/2025 10:10     Subject: Vienna Housing Market
Anonymous wrote:I have performed detailed analysis on the local RE market, more particularly northern Va. The peak (for sellers) was last spring but sellers thought the upward trajectory continued into this year. No true. Market leveled off so the home above is priced closer to the peak from spring 2024, likely still a bit inflated. I think it will close just above $2m or even just below it. In case you been in a cave with zero communications, there is much political and economic instability. Buyers are nervous, conservative


+1. No doubt pricing on downward trajectory after Jan 1 of this year. Price reduction across the board and more pronounced over $2m
Anonymous
Post 06/16/2025 09:49     Subject: Vienna Housing Market
I have performed detailed analysis on the local RE market, more particularly northern Va. The peak (for sellers) was last spring but sellers thought the upward trajectory continued into this year. No true. Market leveled off so the home above is priced closer to the peak from spring 2024, likely still a bit inflated. I think it will close just above $2m or even just below it. In case you been in a cave with zero communications, there is much political and economic instability. Buyers are nervous, conservative
Anonymous
Post 06/16/2025 09:40     Subject: Vienna Housing Market
It's actually still a seller's market. There is more inventory, but it's still much harder for buyers than sellers. This house, in particular, might not have been priced right to begin with.
Anonymous
Post 06/16/2025 09:39     Subject: Vienna Housing Market
Maybe they got feedback that they were pushing it too much. It might sell quickly once it’s priced right. There’s a house near it for 2.2 but it’s 1000 SF larger.
Anonymous
Post 06/16/2025 09:36     Subject: Vienna Housing Market
Anonymous wrote:Is the housing market in Vienna really bad? Why would the home owner drop the price by $126k 5 days after listing?

https://www.realtor.com/realestateandhomes-detail/300-Jade-Ct-NW_Vienna_VA_22180_M51783-18029

Additionally, noticing similar drops in Oakton. I thought these were coveted areas?


It's a buyers market now with more homes on sale then buyers. In the listing above, IMO the open house probably didn't go that well and the buyer decided to not wait and dropped the price.
Anonymous
Post 06/16/2025 09:35     Subject: Vienna Housing Market
We live in Vienna and in our neighborhood homes are still flyin' (which is strange because the overall cooling off should have impacted our areas too)
Anonymous
Post 06/16/2025 07:28     Subject: Vienna Housing Market
Is the housing market in Vienna really bad? Why would the home owner drop the price by $126k 5 days after listing?

https://www.realtor.com/realestateandhomes-detail/300-Jade-Ct-NW_Vienna_VA_22180_M51783-18029

Additionally, noticing similar drops in Oakton. I thought these were coveted areas?