Continuing to examine and hold a lively discussion of the Northern Virginia Real Estate market.
Please post your local house search updates, MLS finds, on-topic ideas, and links here.
Bye all.All I've been writing lately amounts to "go lookie" at things that are linked on Harriet's front page, or in CR which anyone interested is probably already reading themselves. Or doing comp searches in places I know nothing about, that anyone can do in Frankly for themselves, and any competent realtor should be doing for you anyway. Or getting into some ultimately non-productive fight.So, I need to stop. I have my house, I feel strongly that my neighborhood _should_ drop another 5% or so if people actually want to be able to sell their houses in a timely fashion. Whether that will happen or not, I don't know. It's irrelevant for me right now, and barring unforeseen events, for at least the next 5-10 years. When hubbie starts itching for more space, then I can evaluate the market at that point.We'll see how I do on the weaning. I'll probably still come back for the monthly data at the least. Good luck to everyone on their home searches. May you all be at least as happy as me with your purchase decisions whatever they may be, if not even more content.
Cara, We'll miss you and all of your valuable contributions. If you change your mind, we'll welcome you back!I hope I make as good a buy as you did, when the right place comes along, and best of luck not only with your house but also with the impending arrival of your new baby!
Thanks Ace.I'm sure you will. When? I have no idea.
CaraSpeaking on behalf of the community,we will miss you.Pat
CherylYou asked about that 1035 10th St NE,that one was just Messed up as a deal,they let it hang UC for months,then they kept changing agents,it went through a good 3 LA's in10-12 weeks.Damnedest thing I ever saw, it was nice, on the outside, but the remuddler had run out of money 90% through.They had just screwed the floor plan up trying for a really cool contemporary look, when they should have just gone for the original plan.My girl hated the flow of the place so i wasn't real committed to it.the agents were not focused on it.
oh great. cara has left the building and i'm still renting.will The Anonymous stick around?
Remember the skinny new build in Clarendon?http://franklymls.com/AR7163501It sold for quite a bit less than the builder wanted. Once again, I don't get why sellers like this don't drop the price to something closer to their "bottom dollar" price, so that people shopping in ranges lower than their original asking price might be encouraged to look at the house and bid. It probably didn't make much difference in the case of this house, but, you never know.
Bye CaraThings have slowed down here quite a bit. I used to check this blog daily but now I only check in every now and again to see if anything new is going on.
href ="http://franklymls.com/DC7266757" assesed for 381K, went to foreclosure sold for 260K.about 40% less then assessed and that includes the buyers bribe.
Cara, So sorry to see you go. However, I have also followed this blog less and less after we bought our home and began preparing for our third child and my new status as a SAHM beginning in August. I hope you will contribute to some of the parenting blogs with as much good, solid info or that these blogs will help you as a new parent. All the best.
Cara - Like the rest on this board, I am sad to see you go. You have always been so informative and helpful. I know I learned a lot from your comments that really helped me in my search and I'm not the only one. I suspect the board won't be nearly as active without you.Like Waiting Too, I supect you will be commenting elsewhere and I'm sure we will see each other around Greater Springfield (though neither of us will know since we never met - I hang around Kingstowne some, Springfield Plaza a lot, and I love to jog around Lake Accotink). Congratulations on your expanding family. I'm sure that you will make your local PTA proud down the road. All the best.
Hi all-- it's been awhile since I posted. Just stopping by to say I'm closing on a condo in Montgomery Co. this week - just 5 minutes from my parents'. Foreclosure, but the inspector says it's in a lot better shape than most of the non-foreclosures he's seen. The bank asked $69,000, turned down my first offer but took the second for $65,000, all cash. Best of luck to everyone-- will probably check back from time to time.
Pat - Your link didn't work so well but I was able to reconstruct it. From what I could see, parts of that property were in poor condition. Does the assessor take that into account or is it only a paper excercise that assumes the property is in good condition?Ace - That looks interesting from the outside, but no interiors are shown on the link. It always makes me nervous about a property when one or two exterior shots are shown and the remaining photos are only of the neighborhood or closeup of a flower or something like that. Kind of like the realty listings where the most positive feature the LA can mention is "freshly painted".
Congratulations Sarah - First property is always a thrill and good for you for saving up the payment.
c - Not a first property-- We sold our Del Ray townhouse in 2005 after the value had more than tripled from what we paid for it in 2000. At the time the bubble was still going strong enough that there were a lot a lot of sneers and jeers about having doomed ourselves to a life of poverty and never being able to afford to buy again. I haven't been looking in NOVA so I'd pretty much stopped following, but I thought I'd stop by with my update.
Cara - you'll never know how many people you've helped along the way. Thanks to you for all the insightful input - I'm not a regular but I never skipped over one of your comments Take care!
let me add a congrats to Sarah - our story is similar to yours. Thanks to Peter Schiff, sold at peak rented then just closed on a home 2 weeks ago in Western PWC. We got the sneers too but glad things worked out for you.
Cara -- Sorry to see you go. I want to thank you (and CRT) for helping this blog get past the glug glug glug thinking that dominated here back in the early days. You will be missed.MM -- no im not going anywhere yet. Unlike Sarah, I happen to be looking at one of those "new paradigm" areas where prices are STILL at 2005 levels, more or less. In hindsight, I should have listened to the "buy now or be priced out forever" snickers because they were right. Out of curiosity, is my presence (or abscence) a contrary indicator for you? Maybe it should be, given my luck. By not buing in Arlington back in 2003, I am now 7 years older and prices are still about $300,000 above those I passed on back in the day. Rest assured however, the day after I do buy, Arl will drop its cloak of immunity and prices will tank :)
CDc uses last sale price otherwise they try to assess
Sarah,Knew you'd find it eventually, congrats!!! 5 minutes from your parents, couldn't be better. And at $69,000 you'll only have to share it/rent it if you chose to.c,See you around Lake Accotink! waiting too,Are there any parenting blogs that you'd reccomend? All the ones I've stumbled across either have too much trolling or too much drivel or both.
Cara, it's clear that we can't accept your leaving. I need your opinion about this (delusionally priced) contemporary on a busy street, with no back yard:http://franklymls.com/AR7301223Do you think the room with the fireplace and upper windows desperately needs Candice Olson to design a dramatic water feature/fireplace facade to the ceiling?
Ace,Clearly it needs something. The space is way cool, and has tons of potential, and it has the virtue of being a total blank slate, but yeah, the decorating budget required to make it live up to its potential would be hard for me to fathom. At least the bathroom tile-choices are okay, but the kitchen is so uninspired as to look cheap.That backyard truly sucks...
I think those are the original cabinets (note small upper cabs.), painted to look "fresh" for sale, with standard granite. Notice also there is no basement but no discount for that.On the other hand, a lot of the properties in that neighborhood have sold for well over assessment (though some--but not all--have been completely upgraded). So I can understand why the sellers think their property is worth so much. I do wonder, when I see such a gap between assessed and selling prices, who is asleep at the switch in the assessor office and how the rest of us are paying too much relative to those well-heeled types.
cara,Sorry to hear you are going but I can understand your motivation. Ace (or anyone),Does anyone know why that road is called Military Road? I'm getting different stories. Some involving Union troops during the Civil War and others saying Army Core of Engineers in early 20th Century built it.
TBW, sorry, I don't know. The District also has a Military Rd. I wonder if one of the stories goes with one road, and one with the other.
TBW, check this out:http://en.wikipedia.org/wiki/Cherrydale,_Arlington,_Virginia
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