Anonymous
Post 06/05/2014 16:57     Subject: Any other sellers' houses sitting on the market?
Sorry, OP--- that's super-stressful. How small is your place? And when you say close-in SS, do you mean SS metro or Glen Forest metro? That can make a difference. Are you HOA fees high? That can make people head towards a sfh. Also, are you sure your listing is being seen everywhere? Does it show up on Redfin, etc? Good luck.
Anonymous
Post 06/05/2014 14:17     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:Our close friends recently moved to coastal California , in a very large metropolitan area. It is a very beautiful part of the country. When we expressed our shock that they would consider moving somewhere so expensive, they shocked us back by showing us numerous homes they were looking at that were equally, or only slightly more expensive than similar housing here in DC. In fact, I personally preferred the style of some of the housing stock there to what is similarly-priced here. My point is that DC prices have reached an equilibrium with those of other highly-desirable, very expensive areas of the country, When that happens, people like our friends decide that if they are going to pay so much to live in any case, then they will decide to live in areas that are inherently more appealing for one reason or another.


They'll be back when CA is the first to implode again.
Anonymous
Post 06/05/2014 14:09     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:Our close friends recently moved to coastal California , in a very large metropolitan area. It is a very beautiful part of the country. When we expressed our shock that they would consider moving somewhere so expensive, they shocked us back by showing us numerous homes they were looking at that were equally, or only slightly more expensive than similar housing here in DC. In fact, I personally preferred the style of some of the housing stock there to what is similarly-priced here. My point is that DC prices have reached an equilibrium with those of other highly-desirable, very expensive areas of the country, When that happens, people like our friends decide that if they are going to pay so much to live in any case, then they will decide to live in areas that are inherently more appealing for one reason or another.


True, but right now DC has jobs. SF has jobs, but I assume you were not looking there. Other places, not so much. Maybe you can find one job, but it won't have the market and you might end up having to move elsewhere if you work ends.
Anonymous
Post 06/05/2014 14:06     Subject: Re:Any other sellers' houses sitting on the market?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Silver Spring started it's slow painful death about 3 months ago.


Tell that to the other eight buyers who bid on the place I have under contract and lost.


+1 My friend's house under contract within 4 days of listing:

http://www.redfin.com/MD/Silver-Spring/426-Mississippi-Ave-20910/home/10972094





Montgomery Blair, that's why


I'm the second poster with the 9 bids. We're not zoned for Blair.
Anonymous
Post 06/05/2014 14:04     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:The hometown you describe so derisively is actually one of the country's most beautiful and historic large cities. Perhaps you are one of those people who have come to believe that DC is the only place that someone who is educated, cultured, and well-connected could possibly live. I absolutely love DC, but there are many other places in this beautiful nation where highly-educated, well-read, cultured, informed and important people also choose to live. As DC house prices and general cost-of-living become prohibitively expensive, we can simply substitute one of these places for the other.


Which city is it?
Anonymous
Post 06/05/2014 13:30     Subject: Any other sellers' houses sitting on the market?
Our close friends recently moved to coastal California , in a very large metropolitan area. It is a very beautiful part of the country. When we expressed our shock that they would consider moving somewhere so expensive, they shocked us back by showing us numerous homes they were looking at that were equally, or only slightly more expensive than similar housing here in DC. In fact, I personally preferred the style of some of the housing stock there to what is similarly-priced here. My point is that DC prices have reached an equilibrium with those of other highly-desirable, very expensive areas of the country, When that happens, people like our friends decide that if they are going to pay so much to live in any case, then they will decide to live in areas that are inherently more appealing for one reason or another.
Anonymous
Post 06/05/2014 13:19     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:
Anonymous wrote:The hometown you describe so derisively is actually one of the country's most beautiful and historic large cities. Perhaps you are one of those people who have come to believe that DC is the only place that someone who is educated, cultured, and well-connected could possibly live. I absolutely love DC, but there are many other places in this beautiful nation where highly-educated, well-read, cultured, informed and important people also choose to live. As DC house prices and general cost-of-living become prohibitively expensive, we can simply substitute one of these places for the other.


Obviously not historic or beautiful enough to drive demand for housing . Econ 101 supply and demand effecting pricing.


NP- English 101 affect not effect
Anonymous
Post 06/05/2014 13:01     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:The hometown you describe so derisively is actually one of the country's most beautiful and historic large cities. Perhaps you are one of those people who have come to believe that DC is the only place that someone who is educated, cultured, and well-connected could possibly live. I absolutely love DC, but there are many other places in this beautiful nation where highly-educated, well-read, cultured, informed and important people also choose to live. As DC house prices and general cost-of-living become prohibitively expensive, we can simply substitute one of these places for the other.


Obviously not historic or beautiful enough to drive demand for housing . Econ 101 supply and demand effecting pricing.
Anonymous
Post 06/05/2014 12:56     Subject: Any other sellers' houses sitting on the market?
The hometown you describe so derisively is actually one of the country's most beautiful and historic large cities. Perhaps you are one of those people who have come to believe that DC is the only place that someone who is educated, cultured, and well-connected could possibly live. I absolutely love DC, but there are many other places in this beautiful nation where highly-educated, well-read, cultured, informed and important people also choose to live. As DC house prices and general cost-of-living become prohibitively expensive, we can simply substitute one of these places for the other.
Anonymous
Post 06/05/2014 12:49     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:
Anonymous wrote:The market will slow down, and some gains made in previous years will reverse themselves. I am in a young co-hort, and many of my friends plan to save up and ship out to our home states where the cost of living is less and the people are generally nicer. The current house prices are a large part of this calculus. Even in my home state, known for being the most expensive, I can now get a beautiful house for not much more than I would have to pay for a beautiful one here in DC.



Please leave sooner to your crap hometown
Anonymous
Post 06/05/2014 12:47     Subject: Any other sellers' houses sitting on the market?
Anonymous wrote:The market will slow down, and some gains made in previous years will reverse themselves. I am in a young co-hort, and many of my friends plan to save up and ship out to our home states where the cost of living is less and the people are generally nicer. The current house prices are a large part of this calculus. Even in my home state, known for being the most expensive, I can now get a beautiful house for not much more than I would have to pay for a beautiful one here in DC.


Blah blah blah
Anonymous
Post 06/05/2014 12:46     Subject: Any other sellers' houses sitting on the market?
The market will slow down, and some gains made in previous years will reverse themselves. I am in a young co-hort, and many of my friends plan to save up and ship out to our home states where the cost of living is less and the people are generally nicer. The current house prices are a large part of this calculus. Even in my home state, known for being the most expensive, I can now get a beautiful house for not much more than I would have to pay for a beautiful one here in DC.
Anonymous
Post 06/05/2014 12:45     Subject: Any other sellers' houses sitting on the market?
Meant not a single family home. I used house for townhouse. (Yes, I know that's part of the problem getting it sold).
Anonymous
Post 06/05/2014 12:41     Subject: Any other sellers' houses sitting on the market?
OP here. I'm not going to go into too many details because we aren't supposed to use the forum to market and I know it'd get pulled down. I will say it's not a SFM and we are priced higher than comps from a year ago, but equal to what comps have gotten earlier in the year. Like a PP said, realtors and those who have come to see it have said it is not price (of course, if they've come to see it, they must have already been ok with the price). Regardless, I was mainly looking to hear from others whose houses are sitting on the market and whether this is "normal". I trust our realtor and know her team is working it. We are in good shape vis a vis many of the suggestions PPs have given.
Anonymous
Post 06/05/2014 12:03     Subject: Any other sellers' houses sitting on the market?
When you say, "very small," how small are we talking about?