The median price for a single-family home in the US rose 14.9% in the fourth quarter of 2020, according to the National Association of Realtors. The marked the fastest pace of growth on record, according to data compiled by Bloomberg. The housing boom continues as mortgage rates remain in record-low territory.

Anonymous wrote:I believe all the posts crying about redistrict are from one or two persons. Frankly speaking, we would like to buy a house in the community and fine with either QO or Wootton. Unfortunately, we are too late to grab a lot in the development. I know a few buyers who don’t care about the potential boundary change at all.

No one wants QO (which is what this area will be) over Wootton. Lol. There is no question.

I believe all the posts crying about redistrict are from one or two persons. Frankly speaking, we would like to buy a house in the community and fine with either QO or Wootton. Unfortunately, we are too late to grab a lot in the development. I know a few buyers who don’t care about the potential boundary change at all.

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Anonymous wrote:Lol at 25%. Obviously posted by someone who does not understand the current market. As others have said - it’s closer to 10%. Just look at comparable homes in a wootton area vs a QO/Churchill/etc area. Like for like comps will tell you that it’s close to 10%.

You mean posted by a fool who either is to dumb to understand the notion of supply and demand or got priced out and can't let it go!

Anonymous wrote:Demand continues to be off the charts! The sales agent said that TB is getting ready to have another across the board price increase later this month!

. You mean for phase 2 prices will be much higher?

If rezoned, these homes with likely lose 10%. I live nearby in a little over million dollar home. We expect to lose 100,000. These homes maybe a little more. But I think that’s pretty dang significant!

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Anonymous wrote:Wootton is a great school because of the students that attend there. If they redistrict, the school that these kids attend will become the new “great school”. I would rather buy in Mt Prospect and know that my kids will attend the same school (wherever it is) as all the other kids in the north Potomac area. Wootton will only go down in rankings after redistricting...so those who argue home prices will drop are wrong in my opinion.

This is a very good point. The mere discussion about re-districting doesn't factor in the fact that the kids from these areas are amazing with involved parents. They would all be moving together (if this is even going to happen).

Why do you think current owners in this area are so opposed to it then? All would handle differently if zoned to QO. Some would go private, some might move, some might go to new school. School redistricting would be a HUGE thing for this community.

Plus it will significantly devalue the homes. School district is #1 issue for homebuyers and people want Wootton, not QO. There is no comparison.

“Significantly”? Define that.

I think the devaluation is by 10%

At least 25.

Oh please, calm down. QO is a good school, a step below Wootton for sure, but it's not like the area is being rezoned to Gaithersburg HS. As a PP said, this area has highly motivated kids and lots of very involved parents. There won't be a mass exodus if it's rezoned to QO.

+1. 25% devaluation is hilarious. Even homes in impacted by Seneca Valley rezoning didn’t loose more than 5% 🤣

This. No one seems to care

Yup. All the NV homes in Cabin Branch got scooped up quickly even with the rezoning.

Lol at 25%. Obviously posted by someone who does not understand the current market. As others have said - it’s closer to 10%. Just look at comparable homes in a wootton area vs a QO/Churchill/etc area. Like for like comps will tell you that it’s close to 10%.

Demand continues to be off the charts! The sales agent said that TB is getting ready to have another across the board price increase later this month!

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Anonymous wrote:Wootton is a great school because of the students that attend there. If they redistrict, the school that these kids attend will become the new “great school”. I would rather buy in Mt Prospect and know that my kids will attend the same school (wherever it is) as all the other kids in the north Potomac area. Wootton will only go down in rankings after redistricting...so those who argue home prices will drop are wrong in my opinion.

This is a very good point. The mere discussion about re-districting doesn't factor in the fact that the kids from these areas are amazing with involved parents. They would all be moving together (if this is even going to happen).

Why do you think current owners in this area are so opposed to it then? All would handle differently if zoned to QO. Some would go private, some might move, some might go to new school. School redistricting would be a HUGE thing for this community.

Plus it will significantly devalue the homes. School district is #1 issue for homebuyers and people want Wootton, not QO. There is no comparison.

“Significantly”? Define that.

I think the devaluation is by 10%

At least 25.

Oh please, calm down. QO is a good school, a step below Wootton for sure, but it's not like the area is being rezoned to Gaithersburg HS. As a PP said, this area has highly motivated kids and lots of very involved parents. There won't be a mass exodus if it's rezoned to QO.

+1. 25% devaluation is hilarious. Even homes in impacted by Seneca Valley rezoning didn’t loose more than 5% 🤣

Completely agree. Home values will not drop by 25%! Whoever is so adamant on this neighborhood not being worth it (for schools or other reasons) needs to just stop coming to this thread. If you have moved on from this as an option then just chill out. It’s ok if it’s not for you. If someone has real facts to share (such actual data or news from MCPS) or something related to the buying and building process with TB, then that’s where this forum is helpful. Not just whining....

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Anonymous wrote:Wootton is a great school because of the students that attend there. If they redistrict, the school that these kids attend will become the new “great school”. I would rather buy in Mt Prospect and know that my kids will attend the same school (wherever it is) as all the other kids in the north Potomac area. Wootton will only go down in rankings after redistricting...so those who argue home prices will drop are wrong in my opinion.

This is a very good point. The mere discussion about re-districting doesn't factor in the fact that the kids from these areas are amazing with involved parents. They would all be moving together (if this is even going to happen).

Why do you think current owners in this area are so opposed to it then? All would handle differently if zoned to QO. Some would go private, some might move, some might go to new school. School redistricting would be a HUGE thing for this community.

Plus it will significantly devalue the homes. School district is #1 issue for homebuyers and people want Wootton, not QO. There is no comparison.

“Significantly”? Define that.

I think the devaluation is by 10%

At least 25.

Oh please, calm down. QO is a good school, a step below Wootton for sure, but it's not like the area is being rezoned to Gaithersburg HS. As a PP said, this area has highly motivated kids and lots of very involved parents. There won't be a mass exodus if it's rezoned to QO.

+1. 25% devaluation is hilarious. Even homes in impacted by Seneca Valley rezoning didn’t loose more than 5% 🤣