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Old 09-01-2010, 12:48 PM
Location: NC
1,225 posts, read 2,198,091 times
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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.
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Old 09-01-2010, 01:31 PM
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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.
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Old 09-02-2010, 06:09 AM
Location: Richmond, VA
2,306 posts, read 1,684,528 times
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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.
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