124 HOPELAND LN
STERLING, VA 20164
List Price: $249,900
Prior Sale: $510,000 10/30/2006
Listing Date: 02/05/08
-51.0%
406 BRETHOUR CT #88
Sterling, 20164
List Price: $159,900
Prior Sale: $305,000 03/29/2005
Listing Date: 02/06/08
-47.6%
409 STERLING BLVD
STERLING, VA 20164
List Price: $299,900
Prior Sale: $566,000 10/19/2006
Listing Date: 02/05/08
-47.0%
201 HANOVER PL
STERLING, VA 20164
List Price: $217,500
Prior Sale: $406,000 05/12/2005
Listing Date: 02/06/08
-46.4%
810 NETTLE TREE RD
STERLING, VA 20164
List Price: $210,000
Prior Sale: $387,500 3/20/2006
Listing Date: 01/31/08
-45.8%
(See "Same-House Sales" document for more)
Wednesday, February 6, 2008
Loudoun County -- On the Market
Posted by Harriet at 10:32 PM
Subscribe to:
Post Comments (Atom)
10 comments:
Hi Harriet,
I found another one for your "top discounts today:
10127 LOMOND DR
MANASSAS, VA 20109
Price: $170,900
last sale:
Jun 30, 2006 $430,000
Thanks, T!
ZipRealty shows 12 houses for sale on Lomond Drive, ranging from $174K to $350K.
10127 must be a new listing today -- I only found it at HomesDatabase.com. It looks like it's now the cheapest house on the street.
Perhaps there is no point to this exercise, since every day brings more of the same, but here are a sampling of listings from today:
9607 NORFOLK ST
MANASSAS, VA 20109
Price: $220,000
Feb 11, 2005 $361,000
13783 TARTAN HILLS PKWY
BRISTOW, VA 20136
Price: $355,000
Jan 27, 2006 $600,000
14112 ESTATE MANOR DR
GAINESVILLE, VA 20155
Price: $539,900
Dec 30, 2004 $729,900
I've also noticed price drops are getting more dramatic, even though the spring season has only just started. Here's one for a six bedroom house built in 2006:
10617 MOSELLE CT.,MANASSAS,VA 20112
Listing Price change
Old Listing Price -> 529,900 New Listing Price -> 440,000
This other house dropped from $599,000 to $549,000, after being for sale for more than two years and starting at $699,000. Strange thing is that the price change also brought a "new listing" label. I have seen that more and more, as well--getting a "new listing" designation when it isn't actually new:
8784 PEABODY ST,MANASSAS,VA 20110
Listing Price change
Old Listing Price -> 599,000 New Listing Price -> 549,000
Looks like the owners moved to a new house in a new neighborhood in spring 2006, but have not been able to sell their first house, and their new house is now worth more than $100K less than what they paid for it.
I've seen a handful of $100K drops this past week, but I forget which properties they were...
H Harriet,
I've been watching closely my small target area of Fairfax County near the W. Falls Church metro. It's inside the beltway, close to the metro station and the zone for a top notch elementary school.
Several houses that I've been watching since the summer and/or fall have come down significantly from listing prices. For example:
-- House I saw listed in October for $575K sold for $560K in November (3br 2ba)
-- House listing in October for $525K sold for $490K in Dec (4 br 2ba)
-- House listing in October for $535K reduced now to $479K and still on market.(5bd 1 ba)
-- House listing in September for $649K sold for $585K (5bdrm 3ba)
-- House listing in October for $667K reduced to $632K and still on market. (4bd 3ba)
-- House listing in Oct for $499K sold in December for 454K.
We probably won't buy for another year, but it shows that prices in desirable close-in metro/school areas are also declining, albeit not by as much as more distant suburbs.
This house in Falls Church has been sitting forever...
7219 Quincy Ave.
Sold in Jan 2004 for $345K and again in July 2005 for $500k.
Price Reduced: 08/25/07 -- $465,000 to $425,000
Price Reduced: 09/12/07 -- $425,000 to $410,000
Price Reduced: 09/28/07 -- $410,000 to $405,000
Price Reduced: 10/20/07 -- $405,000 to $395,000
Price Reduced: 12/04/07 -- $395,000 to $349,999
Price Reduced: 02/04/08 -- $349,999 to $299,999
3207 Rollin Ln is similar...
Price Reduced: 09/15/07 -- $539,000 to $415,000
Price Reduced: 10/04/07 -- $415,000 to $402,500
Price Reduced: 11/21/07 -- $402,500 to $369,000
Price Reduced: 12/12/07 -- $369,000 to $357,000
Price Reduced: 12/31/07 -- $357,000 to $345,000
Price Reduced: 01/22/08 -- $345,000 to $325,000
Price Reduced: 02/08/08 -- $325,000 to $312,000
There was a time when nothing in these neighborhoods would go for less than $400k, if not more...
I nominate this for Funniest Listing in NoVA:
8105 Maplewood Dr
Manassas VA, 20111
It must be seen to be believed - Zillow listing with hilarious picture:
http://tinyurl.com/3xg7d4
It's actually Manassas Park, looking at the map. This hideously overbuilt McMansion is listed for $780,900 while its neighbor at 8107 Maplewood sold for $253,600 last year.
A house 2 blocks away is currently for sale at $219,000.
#8105/McMansion = 4,939 sq ft
#8107/Neighbor = 890 sq ft
Jill,
a truly hideous house. When I look at most (not all) of the newer types I see (1) bad taste and (2) mountains of debt. These houses are built to impress, but it's only a facade.
I like to ride bicycles. Once upon a time manufacturers (Serotta, Pinarello, Colnago, De Rosa, etc.) relied upon understated elegance and made beautiful cycles. Now, their flagship models all look like cast-offs from a space program.
It's the same with houses. Understated elegance wins in my book every time. The smaller houses on either side of of the castle-wanna-be are probably more comfortable to live in.
Enjoy your weekend!
Jill,
This reminds me of the conventional wisdom that seems to have been forgotten in this age of McMansions: buy the cheapest house in the most expensive neighborhood you can afford.
Seriously, who wants to buy the most expensive thing in the cheapest neighborhood?
My $0.02
You said it, mytwocents. Only certifiable moron would pay nearly $800,000 to live in Manassas Park.
Post a Comment