Why did one townhouse sell for more than the other? [Rockville]

[Anonymous]

Anonymous wrote:I don't get why people would pay that much for a townhouse. Both are dated builders grade.

My spouse has chronic pain and depression and works part-time while I have a demanding job to support our family. Neither of us has time and I don’t make enough money to afford landscaping care. So we bought a TH in a nice neighborhood and are very happy with zero external maintenance.

Personally, I would love a SFH but I’m also realistic about my time, energy, and a money.

[Anonymous]

I thought you are talking about $50k-$100k in price difference. On that price I wouldn't even question the $50k because of time difference.

[Anonymous]

Original pricing has little bearing. My condo complex is all two bedrooms. Original pricing all the same price. Sponsor did it to kick off sales quickly and people snapped up better location slightly larger units right away.

But in real world you often bid on an inventory of one and you pay what you pay on that day.

Today in 2024 my building has one unit for sale a ground flood one by street. It sale price will be really how much someone wants it

[Anonymous]

7k? Thats not a really difference.

[Anonymous]

Jul 1, 2019
Sold (MLS) (Closed)
$687,500
Price

At $687,500 I see buying this as clearly it is cheaper a house. At todays prices you can get a house Rockville at the selling price

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't get why people would pay that much for a townhouse. Both are dated builders grade.

My spouse has chronic pain and depression and works part-time while I have a demanding job to support our family. Neither of us has time and I don’t make enough money to afford landscaping care. So we bought a TH in a nice neighborhood and are very happy with zero external maintenance.

Personally, I would love a SFH but I’m also realistic about my time, energy, and a money.

That makes no sense. I have chronic pain and cannot work. We would never spend that much for a townhouse and you can always hire someone to cut the grass.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you, PPs. The smaller type of townhouse used to sell for $25-50k less, but now they are selling for similar amounts. It could just be the limited supply because they are very similar. Thanks for helping me understand.

I think this is right, OP, because I am seeing the same thing in my neighborhood as well. Limited supply and desirable place to live - so buyers are happy to being getting a townhouse at all. My neighborhood also has more of the smaller model so that is what people expect and don't necessarily try to wait it out for the chance at a slightly bigger one. So consider it a lucky bonus if you have the model you prefer!

I do! I just thought it was weird that my model used to sell at a premium and now does not.

It will if it comes at the same time.
Or the big one will be priced higher next time.