Anonymous
07/06/2025 07:49
Subject: Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:we just sold, only 1 week on market because we priced our house at the 2023 neighborhood comparable price instead of the 2024 comparable, which was about a 2% difference.
Congrats on this! Where are you located (school district) and what did you sell in what price range? TIA. Did you sell below asking price? 1 offer?
We're currently zoned to Gaithersburg HS out near East Village ave/Laytonsville area, but that could change. Our houses can run 100K lower than G-burg houses on the west side of 270 simply because of the school, but traffic is so much nicer over here. We got a full price offer.
Anonymous
07/05/2025 23:11
Subject: Prices dropping in MoCo???
Anonymous wrote:Homes my block sell within 2-3 days above ask. I am in MoCo.
Where are you in MC?
Anonymous
07/05/2025 23:10
Subject: Re:Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:I was planning to buy this year but will wait until the Woodward boundary studies are finished in March 2026. The neighborhoods I'm targeting (parts of Chevy Chase, Kensington, and Bethesda) might be affected and I would hate to pay WJ or BCC neighborhood prices to be rezoned to Blair or Einstein or something.
That's not the right reason, PP. If you buy west of downtown Bethesda, there is no way you ever be zoned for Silver Spring schools. MCPS doesn't do long-distance buses, because it's costly and traffic is horrible. There are very few exceptions to this, namely, a certain tiny low-income Silver Spring enclave that currently attends BCC, and the magnet and special program buses. The "rich" will never get bused long-distance to the "poor" schools.
The reason you should wait a bit is that prices are likely to drop a little more. Maybe not by huge amounts, but for the first time in a very long while, it might actually be worth waiting.
If you see a house you want buy it. Do you want to move with a before school move in? Buy a turnkey home soon.
Anonymous
07/05/2025 23:08
Subject: Prices dropping in MoCo???
Anonymous wrote:we just sold, only 1 week on market because we priced our house at the 2023 neighborhood comparable price instead of the 2024 comparable, which was about a 2% difference.
Congrats on this! Where are you located (school district) and what did you sell in what price range? TIA. Did you sell below asking price? 1 offer?
Anonymous
07/05/2025 00:11
Subject: Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:OP here. I’m in Rockville, west of the pike.
People are also buying closer in when possible, given the commutes now that the Feds who haven’t been fired by DOGE are required to return to office. So a house in Rockville (particularly one that is far from public transport) will sit longer…
This. Post Covid, with back to office, closer is better. Lots of homes in exurblandia that are sitting…
Anonymous
07/04/2025 16:11
Subject: Prices dropping in MoCo???
No sfhs for sale in my neighborhood with the "bad" East county schools. People are staying put.
Anonymous
07/04/2025 16:06
Subject: Prices dropping in MoCo???
Anonymous wrote:Any of the schools are fine.
Stop. You know how many schools have a Great Schools rating of 3-5 in this county?
My one daughter who was academically motivated but had no social life(she was an egghead) did fine in a "3" school. But my other daughter, who is just as smart, but more socially motivated, failed the SATs (combined scores in the 700s) even when she was getting A and Bs. We had to pay for her to retake algebra and english at community college where, after 3 years there, she did well enough to go onto UMCP and is doing great today, no thanks to her HS which costed us more tuition money to catch up.
Anonymous
07/04/2025 14:02
Subject: Re:Prices dropping in MoCo???
Anonymous wrote:I was planning to buy this year but will wait until the Woodward boundary studies are finished in March 2026. The neighborhoods I'm targeting (parts of Chevy Chase, Kensington, and Bethesda) might be affected and I would hate to pay WJ or BCC neighborhood prices to be rezoned to Blair or Einstein or something.
That's not the right reason, PP. If you buy west of downtown Bethesda, there is no way you ever be zoned for Silver Spring schools. MCPS doesn't do long-distance buses, because it's costly and traffic is horrible. There are very few exceptions to this, namely, a certain tiny low-income Silver Spring enclave that currently attends BCC, and the magnet and special program buses. The "rich" will never get bused long-distance to the "poor" schools.
The reason you should wait a bit is that prices are likely to drop a little more. Maybe not by huge amounts, but for the first time in a very long while, it might actually be worth waiting.
Anonymous
07/04/2025 13:58
Subject: Prices dropping in MoCo???
Any of the schools are fine.
Anonymous
07/04/2025 13:39
Subject: Re:Prices dropping in MoCo???
I was planning to buy this year but will wait until the Woodward boundary studies are finished in March 2026. The neighborhoods I'm targeting (parts of Chevy Chase, Kensington, and Bethesda) might be affected and I would hate to pay WJ or BCC neighborhood prices to be rezoned to Blair or Einstein or something.
Anonymous
07/04/2025 12:45
Subject: Prices dropping in MoCo???
Anonymous wrote:OP here. I’m in Rockville, west of the pike.
People are also buying closer in when possible, given the commutes now that the Feds who haven’t been fired by DOGE are required to return to office. So a house in Rockville (particularly one that is far from public transport) will sit longer…
Anonymous
07/04/2025 12:40
Subject: Prices dropping in MoCo???
They are up in east Rockville.
Anonymous
07/04/2025 08:17
Subject: Prices dropping in MoCo???
Anonymous wrote:Anonymous wrote:There are fanatical home owners who think their property values will go up forever. They are just so ridiculous.
So Bethesda, Chevy Chase, McLean - have these neighborhoods ever stagnated?
Bethesda two houses back to 2021-2022 prices.
https://www.redfin.com/MD/Bethesda/7909-Paloma-Ct-20817/home/10701644
https://www.redfin.com/MD/Bethesda/10024-Sinnott-Dr-20817/home/10675706
Anonymous
07/04/2025 00:03
Subject: Prices dropping in MoCo???
Anonymous wrote:There are fanatical home owners who think their property values will go up forever. They are just so ridiculous.
So Bethesda, Chevy Chase, McLean - have these neighborhoods ever stagnated?
You obviously didn’t buy and are continuing to sit on the sidelines and are just trying to justify it to yourself. You probably also have money sitting in cash thinking we are on verge of Great Depression 2.0 as the S&P 500 continues to set records.
Who’s ridiculous here?
Anonymous
07/02/2025 09:11
Subject: Prices dropping in MoCo???
Anonymous wrote:As always, people wishing to make it true so they can justify not purchasing earlier. Same shit with people sitting on the sidelines with cash as the S&P500 continues to rise. Buy in a good location and do it whenever you are able. Don’t wait for some supposed dip in the market, you’ll always be disappointed and left waiting.
+1 I had to explain to my brother that if they aren't building lots of new SFHs in his city (they aren't) then demand will continue to outpace supply. He got in just before interest rates rose and prices continued to go up