What Does $1 Million Buy Today in the Washington Metro area?
How much can you get for $1 million in today’s real estate market?
The answer will of course, vary depending on where you’re looking to buy.
This MAP will give you a comparison What a Million Dollars Buys . . .according to location for the Washington Metropolitan Area
The closer to DC and your 1 million dollars are barely denting the housing market. A little further and you are seeing some signs of luxury . . .go to Frederick MD 30 some miles north of DC and now you are getting most of the perks!
In the wake of the U.S. housing crisis, home values changed somewhat. In some areas home values fell sharply, while prices in some closer cities to DC were able to maintain most of their values.
3 reasons. .
LOCAL, LOCAL , LOCAL!
Most "National" companies concentrate in "volume" and they appear to be local everywhere.
This "volume" sometimes is about outdated listings and/or misinformation.. . trust me, we have phone call from people for listings that we sold 6 months ago!
Most "bigger" national listings mills are diluted by showing you outdated information so they can appear to have MORE listing and show up in Google ahead of everyone else!