homes that have sold that I wish we bought
When I started home searching, I learned about “comps” or comparables, homes of similar size and quality that have recently sold in the area. This list provides useful data points to understand if the area is affordable and what you might offer for a house. Comps have been useful for us but also a bit depressing as the market has shifted this year and buyers are willing to offer 100-200K over asking on homes we have considered. When this happens and I review comps for the neighborhood, I can’t help but think this buyer is grossly overpaying. The goal is to pay close to what the house is worth and be in line with the comps in the area so that if the housing market takes a dip, your house holds its value. Prior to our focused search, a number of mid-century homes sold within price range that I think would be perfect for us and I’ve rounded them up here.
Potomac, Maryland - 4 bed, 3 bath, 2100 sq ft
Sold for $816K in March 2020
Alexandria, Virginia - 4 bed, 3 bath, 3100 sq ft
Sold for $820K in January 2021
Alexandria, Virginia - 4 bed, 2 bath, 2300 sq ft
Sold for $820K in October 2020
Alexandria, Virginia - 4 bed, 2 bath, 2500 sq ft
Sold for $849K in September 2020
Falls Church, Virginia - 4 bed, 2 bath, 2300 sq ft
Sold for $855K in March 2020
Alexandria, Virginia - 5 bed, 3 bath, 2600 sq ft
Sold for $873K in June 2019
Falls Church, Virginia - 4 bed, 2.5 bath, 2800 sq ft
Sold for $880K in January 2021
Silver Spring, MD - 4 bed, 2 bath, 3100 sq ft
Sold for $888K in December 2020
Have you bought a home in the past year? Or are you currently searching? How do you catalog your favorite homes and neighborhoods? I'd love to hear!
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