U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-01-2010, 12:48 PM
 
Location: NC
1,225 posts, read 2,198,091 times
Reputation: 673

Advertisements

I looked online yesterday on Realtor.com and see home prices are more in line with Vienna where they used to not be.
Im not talking about mansions here just regular smaller houses.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 09-01-2010, 01:31 PM
 
5,109 posts, read 9,139,000 times
Reputation: 2825
Housing prices have gone down everywhere.

My general impression, though, has been that a similar house on the same size lot goes for a bit more in Vienna (the 22181 or 22182 zip codes in the county) than in Oakton (22124), since Vienna is closer to both DC and Tysons, two major employment centers.

However, a lot of the development in Oakton occurred later than it did in Vienna, at a time when buyers' appetites for big homes on big lots were at or close to their peak. As a result, there are a lot of really big houses on big lots in Oakton that are larger and more expensive than their Vienna counterparts, which likely were built earlier. You'll find more 7000 SF+ Renaissance "Grand Monets," for example, in Oakton than in Vienna.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-02-2010, 06:09 AM
 
Location: Richmond, VA
2,306 posts, read 1,684,528 times
Reputation: 963
A lot of places are "cheaper" right now. The real estate market has taken a hit over the last 2 or 3 years and prices have adjusted. Now is a GREAT time to buy if people have been sitting on the sidelines. Not only have home prices come down, but mortgage rates are insanely low right now. We are building new construction and can't lock yet but I am itching to do so. 4.25% for a 30 year fixed! Amazing. So you can either get more house for your money or get a house with a smaller payment. So if you are looking to buy I would consider it now.
The market may be headed down a bit as we head into fall and winter but our area is wonderful for so many reasons and one is government jobs which helped our housing start to recover faster than other areas of the county.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top