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Reply to "Great Falls appreciation"
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[quote=Anonymous][quote=Anonymous]It depends on the specific properties and the specific locations. Some Great Falls homes have shown handsome appreciation. Those are well located, well-designed in that they are modern properties with the styles and features buyers want, and [b]they benefit from access to Langley and McLean High School pyramids[/b], and easy access to many private schools. Many residents in GF do not commute downtown, so that attribute, which favors closer in suburbs, in not a consideration for everyone and is not necessarily a factor in price appreciation. Further, some buyers want larger lots and relatively quiet surroundings, areas where GF also has an edge. That said, there are certainly going to be individual homes in all locations mentioned which appreciated more, and also some which appreciated less. Making sweeping generalizations is usually unhelpful. [/quote] No one in Great Falls goes to McLean HS. They go to Langley HS, which is even higher rated and, unlike McLean, recently renovated, but some of those Great Falls neighborhoods may well get reassigned to Herndon HS in the next year or two as part of a county-wide boundary study. Many Great Falls homes now zoned to Langley are 10 or more miles from Langley but only a few miles from Herndon. As for appreciation, it depends on your timing. If you bought before 2008 and sold before 2020, you probably fared much better in North Arlington and McLean than Great Falls in terms of appreciation. Then, with Covid and more people working remotely, Great Falls may have appreciated quite a bit in the last few years as people were less concerned with commutes and more interested in having privacy and space. And now there's the uncertainty about the school situation, which may be a drag on prices in the most western parts of Great Falls. [/quote]
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