For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

It has new windows, it maybe updated inside.

So this piece of crap with some cheap lipstick is worth 1.2 million dollars?

Do you live in DMV? Because an empty lot in McLean will run you $1 million. It’s stupid and crazy but yes, enough people somehow think $1 million is basic.

[Anonymous]

Looks like some close to OP’s top of range have popped up in past day or so.

[Anonymous]

Anonymous wrote:Looks like some close to OP’s top of range have popped up in past day or so.

Spring is coming!...hopefully.

[Anonymous]

OP, this one sold for 1.433, about 180k over asking, but very reasonable price for this well maintained home. I'd say the market is hot but not crazy. There are hopes!

https://www.redfin.com/VA/McLean/1222-Old-Stable-Rd-22102/home/9377085#property-details

[Anonymous]

Do you live in DMV? Because an empty lot in McLean will run you $1 million. It’s stupid and crazy but yes, enough people somehow think $1 million is basic.

I have friends who paid over $1 mil ($1.2-1.3 I think?) for a lot in McLean last year and they competed with other bidders.

[Anonymous]

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

They dropped the price from $1.2M to $1.1M and now it's under contract.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

They dropped the price from $1.2M to $1.1M and now it's under contract.

And the Greenway Height's 1.6 'tear down' actually sold for 1.675!

[Anonymous]

Re:For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?

Never

[Anonymous]

Anonymous wrote:Re:For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?

Never

Pretty much. Maybe a bit more in the spring and summer. Inventory in El Nido, Franklin Park, Chesterbrook Woods all seems contingent on acquiring older/less desirable homes to bulldoze and replace with $3-4m 10k sq ft houses. It's rare to see a plain older house for sale nowadays in these areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

It has new windows, it maybe updated inside.

So this piece of crap with some cheap lipstick is worth 1.2 million dollars?

Actually, it escalated to more than $1.2M. If you want list price, you use Revlon lipstick; if you want above list, you use Chanel lipstick.

Enjoy, Manassas.

A pig is still a pig.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inventory will go up when apartment buildings are constructed there. Until then, it will be tough.

But then it will no longer be a "coveted" area -- just another Tysons with low income families in two bedroom apartments.

What area are you talking about?

While there are some affordable housing set-asides in some of the newer buildings, most of the newer two-bedroom apartments in central McLean are expensive. Look at the prices for the Signet building or Evans Farm; for example:

https://www.redfin.com/VA/McLean/6900-Fleetwood-Rd-22101/unit-503/home/169132268

https://www.redfin.com/VA/McLean/7222-Farm-Meadow-Ct-22101/unit-202/home/9851702

DP and an agent who works in McLean. It sounds like OP is looking for a house, not a condo. Most of places in The Signet were purchased by foreign investors who are now trying to dump the properties at or less than what they paid for them. Evans Farm is nice and has some single family homes, but it is total built out. The poster is talking about what Arlington is planning to do: rezone single family neighborhoods along what was once Lee Hwy and is now Langston Blvd so that more apartment buildings can be built there.

Fairfax could do something similar by rezoning the neighborhoods along Dolly Madison Blvd (Rt. 1230 from Lewinsville Road east to Merchant's Lane for apartments.

There was so much hype for the Signet and it didn't meet expectations at all. Is that why investors are dumping their properties like crazy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inventory will go up when apartment buildings are constructed there. Until then, it will be tough.

But then it will no longer be a "coveted" area -- just another Tysons with low income families in two bedroom apartments.

What area are you talking about?

While there are some affordable housing set-asides in some of the newer buildings, most of the newer two-bedroom apartments in central McLean are expensive. Look at the prices for the Signet building or Evans Farm; for example:

https://www.redfin.com/VA/McLean/6900-Fleetwood-Rd-22101/unit-503/home/169132268

https://www.redfin.com/VA/McLean/7222-Farm-Meadow-Ct-22101/unit-202/home/9851702

DP and an agent who works in McLean. It sounds like OP is looking for a house, not a condo. Most of places in The Signet were purchased by foreign investors who are now trying to dump the properties at or less than what they paid for them. Evans Farm is nice and has some single family homes, but it is total built out. The poster is talking about what Arlington is planning to do: rezone single family neighborhoods along what was once Lee Hwy and is now Langston Blvd so that more apartment buildings can be built there.

Fairfax could do something similar by rezoning the neighborhoods along Dolly Madison Blvd (Rt. 1230 from Lewinsville Road east to Merchant's Lane for apartments.

I can't think of any reason why Fairfax would rezone the neighborhoods along 123 from Lewinsville to Merchant's Lange. Lee/Langston has heavy commercial development and isn't that far from Metro; Route 123 in McLean has very little commercial development (by design, as this was one of the original requirements of the CIA for relocating to Langley) and only the area near Lewinsville is especially close to Metro.

If you think they are going to rezone the Langley HS/McLean HS communities living on the north (Langley) and south (McLean) sides of 123, you must have been watching a very different Board of Supervisors than the one I've seen over the past 20 years. They'll green-light some apartments with a percentage of affordable housing set-asides in central McLean - none zoned to Langley, of course - and most will be expensive. People may have overpaid for units in the Signet but it's still pricey.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How about this coming soon for op:
https://www.redfin.com/VA/McLean/6633-Tucker-Ave-22101/home/9402057

I only see worse and worse options for ridiculous price now… so maybe the Greenway Height’s 1.6 tear down was a good deal? Can’t understand this market lol

They dropped the price from $1.2M to $1.1M and now it's under contract.

DP. I don’t think so. It went contingent and now is off the market (but status didn’t change to closed). My guess is they got an offer and was unable to appraise so buyers walked. Now they’ll probably wait a few months and put it back on the market.

[Anonymous]

The truth is that Mclean has been under priced for years. Now the prices are leveling up, buyers know that it will continue to go up so it's a low risk investment.

[Anonymous]

Saw this on our walk yesterday. Seems low priced, but there are no inside pictures.

https://www.zillow.com/homes/1564-Forest-Villa-Ln-Mclean,-VA-22101_rb/51756512_zpid/