Gates of McLean 2010 Q1+Q2 Sales and Rental Analysis
By Are Andresen, Northern Virginia Real Estate
(Soldsense - your sixth sense in real estate)
The sales activity in 2010 at the Gates of McLean is on track to be better than in 2009. With the metro and new noise barriers being constructed the community is just getting more and more attractive. There were 18 homes sold in 2009 - in the first half of this year 13 units sold - likely at least partially due to the homebuyer credit. The lowest price was a 1br/1ba foreclosure at $193,000. The highest price was a renovated 3br/2ba property with granite countertops at $368,000. The sales mix changed from 2009 to the first half of 2010. In 2009 about 40% of the sales were foreclosures or short sales. This year about 30% are - we will have to wait until the end of the year to see what the final mix will be. The 2009, the average sales prices were:1 bedroom unit = $212,6672 bedroom unit =...
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