Anonymous
08/06/2025 16:53
Subject: Re:Prices dropping in MoCo???
so back in 1992 DH and I, newly married, were deciding which side of the Potomac to live on, I worked in MoCo, he in Reston.
We chose MoCo even though it was more expensive because schools were so much better then. ( Not necessarily the case anymore.)
30+ years later, I can see the better real estate investment would have been NoVa. While their home prices about tripled in those years, ours just doubled.
DH likes to remind me of this, lol. But I tell him, fine, because of job locations he would have then had to deal with sick kids at school....whatever, it is what it is.
Interesting! Thanks for sharing!
Anonymous
08/06/2025 16:21
Subject: Re:Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:https://www.brightmls.com/article/greater-dc-area-weekly-housing-market-update
Seems like prices are dropping …
Look at the guidance …not a good picture. And MoCo prices up .1% over last year, but annual inflation at 2.7%.
Still not nearly as bad as Arlington, Fairfax or Alexandria. List prices in Arlington are down 30%!!! YOY.
People are still having bidding wars over houses in my neighborhood in Ffx co. Some people just live in more desirable areas than others.
so back in 1992 DH and I, newly married, were deciding which side of the Potomac to live on, I worked in MoCo, he in Reston.
We chose MoCo even though it was more expensive because schools were so much better then. ( Not necessarily the case anymore.)
30+ years later, I can see the better real estate investment would have been NoVa. While their home prices about tripled in those years, ours just doubled.
DH likes to remind me of this, lol. But I tell him, fine, because of job locations he would have then had to deal with sick kids at school....whatever, it is what it is.
Anonymous
08/06/2025 12:14
Subject: Prices dropping in MoCo???
Anonymous wrote:In MoCo if my neighborhood is an example we had lot of old timers who had unrenovated homes who were snowbirds, delaying downsiding or plain old estate sales.
With home prices rising like crazy between Spring 2020 and 2025 lots held off selling as going up in value so much each month.
I had three sales my block all three were empty nestors living in houses way larger than they needed and older. Two sold as is as once home prices flattened out in late 2024 they decided why put money in.
Unlike 2020-2023 when people would pour 50k to 100K into a home to get it ready for sale and get top dollar. Plus back then if project delayed sale for a year who cared, home price were going up 10K a month at peak on my block.
So now they sell as is and owners happy to get out even if 2-5 percent below peak. Hardly call it a market crash, just people who delayed selling to downsize or go to nursing home as why sell and downsize when prices are flying up. My own home went up $500K in last five years. Thats $8,300 a month gain. My older neighbors just said why downsize to save money as I am losing out on the $8,300 a month gain. Now that home prices are flat they just see expsnse of owning big home and are selling. But even then none of people like me are selling. It was nearly all 65-85 year olds selling this year near me.
Do you meant you sold it at 500K gain? if not then I won't count that 500K gain.
What was the purchse price? 500K actual gain can mean different based on base price?
Anonymous
08/06/2025 11:33
Subject: Re:Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:https://www.brightmls.com/article/greater-dc-area-weekly-housing-market-update
Seems like prices are dropping …
Look at the guidance …not a good picture. And MoCo prices up .1% over last year, but annual inflation at 2.7%.
Still not nearly as bad as Arlington, Fairfax or Alexandria. List prices in Arlington are down 30%!!! YOY.
People are still having bidding wars over houses in my neighborhood in Ffx co. Some people just live in more desirable areas than others.
The bright mls data is great, but it's very wacky when you look at the stats based on localized markets. That's why it's best to see what it is saying about the overall area.
Since it tracks things on a weekly basis, the mix of properties selling that week will have massive impacts on median sales prices. It's likely that Arlington list prices are down 30% because in that particular week you have many more 1BR condos for sale as an example vs. SFH sellers all deciding their homes are worth 30% less than last year.
All of this noise tends to shake out when looking at areas as a whole, or you look at median overall sales prices YTD for Arlington vs. same period last year.
Anonymous
08/06/2025 10:24
Subject: Prices dropping in MoCo???
Anonymous wrote:MoCo is a dump. I would never live there.
That's completely fine with me
Anonymous
08/06/2025 10:12
Subject: Re:Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:Anonymous wrote:https://www.brightmls.com/article/greater-dc-area-weekly-housing-market-update
Seems like prices are dropping …
Look at the guidance …not a good picture. And MoCo prices up .1% over last year, but annual inflation at 2.7%.
Still not nearly as bad as Arlington, Fairfax or Alexandria. List prices in Arlington are down 30%!!! YOY.
People are still having bidding wars over houses in my neighborhood in Ffx co. Some people just live in more desirable areas than others.