Reply to why new builds in mclean lose values over time?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Examples?[/quote]

like this one
https://www.redfin.com/VA/McLean/925-Mackall-Ave-22101/home/9275740

or this one, 13 years and you barely break even after fees to realtors and taxes 
https://www.redfin.com/VA/McLean/7216-Farm-Meadow-Ct-22101/home/9838684

or this one
https://www.redfin.com/VA/McLean/1571-Maddux-Ln-22101/home/21726054

so many examples, just make me question the value of new builds

i think its much safer to build a 20-year homes for 1.2M, at least you can re-sell it for 1.2M easily[/quote]

There are also plenty of $2M+ houses inside the Beltway in McLean that have resold recently at higher prices - here are some examples:

https://www.redfin.com/VA/McLean/1310-Calder-Rd-22101/home/9391547
https://www.redfin.com/VA/McLean/6514-W-Langley-Ln-22101/home/9392511
https://www.redfin.com/VA/McLean/1303-Kirby-Rd-22101/home/12074797
https://www.redfin.com/VA/McLean/1940-Virginia-Ave-22101/home/28647523
https://www.redfin.com/VA/McLean/1917-Franklin-Ave-22101/home/9483486[/quote]

The list you gave is laughable... seller is losing money in all these homes because the gains don't cover expense
Especially 1940 Virginia ave, it resold after 5 years for only $50k profit, not even enough to cover half the seller's cost[/quote]

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