Anonymous wrote:

Anonymous wrote:I've been looking closely at the Moco market and it seems the market has frozen in the last few weeks. It sent from hot to frozen in really a matter of 3 weeks. I don't see how this could be a Moco trend, so i'm betting you will start seeing this in Nova now/soon.

I don’t think so. Nova suburbs are hot right now and I think it’ll continue to outpace Montgomery and DC. I’m watching the market closely as we are selling our house soon and I’ve been watching trends since last August. Vienna is $$ right now and even areas like Waynewood and fort hunt.

This is what I see. A home will sell way above everyone else in the neighborhood. The people had impeccable taste, gorgeous landscaping and they listened to the realtor. They used the realtor's professional stager. They priced it below what the Realtor knew it would go for to get more people to take a look knowing they would be blown away by the house and willing to go above what they wanted to pay for a home.

Now a neighbor wants to sell. That neighbor has fewer upgrades and not as good taste. The neighbor insists the home is worth the same as the fancy home. Neighbor uses a realtor who gets a mediocre stager, or who recommends staging or upgrades that will only appeal to a small target population and misses out on the majority of people who have that type of money to spend. I have occasionally seen some really poor choices for staging-either outdated or wrong target. The home is priced at the amount the last one sold for and seller is shocked nobody wants it or they get a bid far below and refuse to consider it. Home lingers and another one comes on the market on that or a nearby street at a lower price with good upgrades, it goes fast. Eventually seller finally decreases price, but not enough to reach the searches it needs to reach.

Then there is just WTF stuff. In my neighborhood one neighbor did everything right and consulted with a top-notch realtor with every upgrade. Home is stunning and it went for a lot. The next neighbor had upgrades that were very taste specific and had a limited target audience. Things were well done, but nothing that impressive. I think they sold it on their own with no previous real estate experience, but they had a relative with experience advising them. I don't know where they found this buyer, but he bid way above comps and their asking price site unseen. Perhaps there is a real estate website that just targets rich people around the world with plenty of money and no idea of the local market.

Anonymous wrote:https://www.instagram.com/reel/DYnERTPFa_U/?igsh=ODRmbGcyZ2k4bDly

No one is clicking on this random Instagram link LOL

Anonymous wrote:

Anonymous wrote:I've been looking closely at the Moco market and it seems the market has frozen in the last few weeks. It sent from hot to frozen in really a matter of 3 weeks. I don't see how this could be a Moco trend, so i'm betting you will start seeing this in Nova now/soon.

I don’t think so. Nova suburbs are hot right now and I think it’ll continue to outpace Montgomery and DC. I’m watching the market closely as we are selling our house soon and I’ve been watching trends since last August. Vienna is $$ right now and even areas like Waynewood and fort hunt.

Those areas were $$in early Spring. If you did lots of updates, stage well and price right maybe, but things slowed down in part because people are getting cocky with price. May pick up though. Post Memorial Day weekend can be hot.

Anonymous wrote:

Anonymous wrote:I've been looking closely at the Moco market and it seems the market has frozen in the last few weeks. It sent from hot to frozen in really a matter of 3 weeks. I don't see how this could be a Moco trend, so i'm betting you will start seeing this in Nova now/soon.

I don’t think so. Nova suburbs are hot right now and I think it’ll continue to outpace Montgomery and DC. I’m watching the market closely as we are selling our house soon and I’ve been watching trends since last August. Vienna is $$ right now and even areas like Waynewood and fort hunt.

You might be right but I think the Moco trend is in response to macro changes, not anything specific that happened in moco in the last few weeks, so I would predict Nova to soften even if not to the same extent as MD. Interest rates are expected to keep climbing.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I heard NoVa is going fast at above list, but DC and MD are going below asking and taking a little longer to sell. So if you want a bargain, go to DC/MD.

Maryland is in a population decline as is Montgomery county so it makes sense demand would be lower.

Depending on what they do with their budget gap may be the nail in the coffin. They are already one of the highest taxed states, if they raise taxes again expect home prices to not move in a positive direction.

https://www.thesentinel.com/communities/montgomery-county-s-population-decline-raises-concerns-for-future/article_c8589c09-2b14-4d3c-9a8e-7f740d95a447.html

Arlington is in serious decline now also. Companies are no longer locating there (they’re going to Florida and Texas instead) and they just raised property and car taxes. Amazon will never build that shiny new building that was promised either. The continuing decline of commercial real estate revenue means that many more tax hikes are ahead especially with Arlington having a serious spending problem.

Why does Arlington get sooo much free advertising on here?

It is TINY. It is part of DC Virginia took back pre civil war.

Trump may very well make Arlington part of DC again. Crushing property value.

Sure, if Arlington stays part of Virginia it is most valuable close in suburb to dc.

If it becomes part of dc again Arlington owners are out 33% immediately.

According to Google AI the price per square foot in Arlington is identical to DC.

Anonymous wrote:I've been looking closely at the Moco market and it seems the market has frozen in the last few weeks. It sent from hot to frozen in really a matter of 3 weeks. I don't see how this could be a Moco trend, so i'm betting you will start seeing this in Nova now/soon.

I don’t think so. Nova suburbs are hot right now and I think it’ll continue to outpace Montgomery and DC. I’m watching the market closely as we are selling our house soon and I’ve been watching trends since last August. Vienna is $$ right now and even areas like Waynewood and fort hunt.

I've been looking closely at the Moco market and it seems the market has frozen in the last few weeks. It sent from hot to frozen in really a matter of 3 weeks. I don't see how this could be a Moco trend, so i'm betting you will start seeing this in Nova now/soon.

Anonymous wrote:

Anonymous wrote:I think a lot of people selling their homes and real estate agents post here. I encourage anyone looking got buy to follow the market for a few months in advance and notice the number of houses with down arrows and by home much, watch how quickly houses leave the market and see if any of the same one's return.

Arlington’s average home broke $1 million for the first time in March…and then broke that record in April.

And the stock market is shattering records every day also. All of these real estate gains in expensive areas in the DMV will continue as long as the economy continues to perform extraordinarily well for the wealthy (as is the case now).

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I heard NoVa is going fast at above list, but DC and MD are going below asking and taking a little longer to sell. So if you want a bargain, go to DC/MD.

Maryland is in a population decline as is Montgomery county so it makes sense demand would be lower.

Depending on what they do with their budget gap may be the nail in the coffin. They are already one of the highest taxed states, if they raise taxes again expect home prices to not move in a positive direction.

https://www.thesentinel.com/communities/montgomery-county-s-population-decline-raises-concerns-for-future/article_c8589c09-2b14-4d3c-9a8e-7f740d95a447.html

Arlington is in serious decline now also. Companies are no longer locating there (they’re going to Florida and Texas instead) and they just raised property and car taxes. Amazon will never build that shiny new building that was promised either. The continuing decline of commercial real estate revenue means that many more tax hikes are ahead especially with Arlington having a serious spending problem.

Why does Arlington get sooo much free advertising on here?

It is TINY. It is part of DC Virginia took back pre civil war.

Trump may very well make Arlington part of DC again. Crushing property value.

Sure, if Arlington stays part of Virginia it is most valuable close in suburb to dc.

If it becomes part of dc again Arlington owners are out 33% immediately.

Anonymous wrote:I think a lot of people selling their homes and real estate agents post here. I encourage anyone looking got buy to follow the market for a few months in advance and notice the number of houses with down arrows and by home much, watch how quickly houses leave the market and see if any of the same one's return.

Arlington’s average home broke $1 million for the first time in March…and then broke that record in April.

I think a lot of people selling their homes and real estate agents post here. I encourage anyone looking got buy to follow the market for a few months in advance and notice the number of houses with down arrows and by home much, watch how quickly houses leave the market and see if any of the same one's return.