Anonymous
Post 04/20/2012 23:16     Subject: Re:Looks like we are almost back at 2007 price in 22043, 22182 and 22046
There is a lot less inventory in pimmit hills vs vienna right now ALOT LESS


http://www.redfin.com/VA/Falls-Church/1916-Cherri-Dr-22043/home/9471275

http://www.bing.com/maps/?v=2&cp=qghkjt8jzv9g&lvl=19.5&dir=83.01&sty=b&sp=Point.qghmnz8jzw28_7438%20Patterson%20Rd%2C%20Falls%20Church%2C%20VA%2022043_%24679%2C900%205%20beds%2C%204.0%20baths___
http://www.redfin.com/VA/Falls-Church/7438-Patterson-Rd-22043/home/9471646

schools are rated the same now including test scores:
http://www.greatschools.org/virginia/falls-church/543-Marshall-High-School/
http://www.greatschools.org/virginia/vienna/541-Madison-High-School/

http://www.greatschools.org/virginia/falls-church/588-Westgate-Elementary-School/
http://www.greatschools.org/virginia/vienna/580-Vienna-Elementary-School/
Anonymous
Post 04/20/2012 23:11     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
Anonymous wrote:What??? For a shack with an addition? wow - for that much, I'd rather have a bigger place in Vienna - the retail is great there too, and the schools are better


Pimmit hills is closer in, has better access to all major roads, the schools are now on par w/ vienna and 1 metro and another new metro coming soon from tysons silver line.
Anonymous
Post 04/20/2012 23:05     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
What??? For a shack with an addition? wow - for that much, I'd rather have a bigger place in Vienna - the retail is great there too, and the schools are better
Anonymous
Post 04/20/2012 22:58     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
new update, another home original w/ addition home in pimmit hills listed at $679k
Anonymous
Post 04/13/2012 19:44     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
Hope it's true. I live in 22043. I haven't really seen it, though. I sold last year in 22043 and made a good profit, but we bought in 2002. Got a good deal on the house we moved into, so I hope it has increased in value!!!
Anonymous
Post 04/13/2012 10:04     Subject: Re:Looks like we are almost back at 2007 price in 22043, 22182 and 22046
A couple of rental houses in my neighborhood in 22182 are now renting out for well over my mortgage and I have a shitty high mortgage from circa 2007. Hmmmm.
Anonymous
Post 04/12/2012 23:30     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
What would it take to get appraisers to change the prices? Cash deals without appraisals?
Anonymous
Post 04/12/2012 23:22     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
We second the notion that appraisers are sustaining a flat valuation curve. They are really overadjusting and fixated on flat prices. How many more busted/walk away deals do they want this year? It's only April!!
Anonymous
Post 04/12/2012 23:17     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
ok i think we are now past the point of no return. 2 original renovated with small back addition homes have been put up in pimmit for $629-699k
Anonymous
Post 04/12/2012 13:53     Subject: Re:Looks like we are almost back at 2007 price in 22043, 22182 and 22046
Zillow can't even get basic facts right in my area (22182). THey have townhouses coded as SFH, and SFHs coded as townhouses, etc. Just really blatant mistakes.
Anonymous
Post 04/12/2012 07:28     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Damn, should've bought low in 2008.

Houses are being put under contract in 2-3 days in 22043 especially pimmit with contract prices now bumping over 500k unheard of a year a go.
According to Zillow you are still about 10% off 2007 prices.


why does anyone bothering citing zillow for anything, like it's some sort of accurate barometer?


In this area, it is pretty accurate
http://www.washingtonpost.com/blogs/where-we-live/post/how-accurate-is-your-zestimate/2012/03/07/gIQAV3W8yR_blog.html



Um, that's what ZILLOW says, according to the article. Got independent verification of that? Don't get me wrong, I love my Zestimate, I'm just skeptical of it.
Anonymous
Post 04/12/2012 06:48     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
It's your realtor's job to help the appraiser with appropriate comps to make the deal go through.
Anonymous
Post 04/11/2012 14:12     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
Yeah we need to beat the shit out of the appraisers, if someone is willing to pay that much who gives a shit
Anonymous
Post 04/11/2012 14:11     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
Anonymous wrote:I don't know, there isn't much inventory and not much has sold around there in the past 12 months. Lots of what has sold were homes sold by the original owners and often in a state of some disrepair, bringing prices down. Plus, if an appraiser uses homes from the Pimmit Hills section of 22043, that could drag your appraisal down.

I'm just a buyer, so this is speculation, but it's also partly what we were told by our agent. She said appraisers are having a very hard time due to the low inventory and lack of sales in many neighborhoods. I think that's born out in another thread about a low appraisal in Bethesda.

There are a couple of other homes on the market in that same general area that are listed at $895-899. I've seen both and think they're overpriced for various reasons, but they'll probably still sell in the low $800s at a minimum, so maybe keep an eye on those and use them as additional data points.


I call it "the appraiser from Charlestown, WV syndrome." Banks are gunshy because they went way overboard during the bubble, now they are overboard in the wrong direction and its screwing a lot of buyers who don't have the cash to cover the difference. It'll get sorted out eventually, with more time and more comps.
Anonymous
Post 04/11/2012 14:09     Subject: Looks like we are almost back at 2007 price in 22043, 22182 and 22046
I don't know, there isn't much inventory and not much has sold around there in the past 12 months. Lots of what has sold were homes sold by the original owners and often in a state of some disrepair, bringing prices down. Plus, if an appraiser uses homes from the Pimmit Hills section of 22043, that could drag your appraisal down.

I'm just a buyer, so this is speculation, but it's also partly what we were told by our agent. She said appraisers are having a very hard time due to the low inventory and lack of sales in many neighborhoods. I think that's born out in another thread about a low appraisal in Bethesda.

There are a couple of other homes on the market in that same general area that are listed at $895-899. I've seen both and think they're overpriced for various reasons, but they'll probably still sell in the low $800s at a minimum, so maybe keep an eye on those and use them as additional data points.