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Reply to "Why is Arlington so hot?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Arlington is hot because most families are priced out of McLean.[/quote] Arlington is more expensive than McLean you nitwit.[/quote] DP, but what are you smoking? Average sale of a SFH in McLean over the past 12 months was $1,350,000. In Arlington it was $995,500. Limit the sales to North Arlington and it's $1,146,540, still over $200K less. Generally North Arlington and McLean have a fair amount in common, although North Arlington is more walkable and McLean has bigger houses and better schools. It also has fewer residents who start "look at me, can you believe it" posts than North Arlington. [/quote] DP. Average price per sq. ft. is higher in Arlington than in McLean. McLean has larger lots so they have bigger houses, but it costs more to buy the same house in Arlington than it does in McLean.[/quote] I usually see people asking here where they should look based on their housing budget, not the price per square foot. On average people spend more to live in McLean than in Arlington (or North Arlington). [/quote] When they are asking where to look based on their housing budget, they are asking where they can find X house for Y dollars. If X house costs Y+$$ in Arlington but only Y in McLean, then people will look in McLean because they cannot afford to buy what they want in Arlington. As for people spending more on average, that is a factor of lot size. McLean has a small number (but a substantially larger number than Arlington) of very large houses on very large lots that significantly skew the average price upward for McLean. That has nothing to do with how much someone has to spend to get a 4+ bedroom house on at least a quarter of an acre in Arlington vs. McLean. [/quote]
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