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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just saw this coming up in my neighborhood: 
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707

[/quote]

Nice price, but the location outside the beltway near 193 blows.[/quote]

It’s super convenient to go shopping in Tyson’s and kids sport around Spring Hill rec center. Very big lot too. But it’s above OP’s reach.[/quote]

It’s a nice house but it’s definitely not a “super convenient” location and until recently would have sold for more like $1.3M.  It’s hard to know whether $1.6 will remain the new normal for such properties or whether prices may come down if there’s more inventory later this year. [/quote]

OP here. We actually love this neighborhood and have been keeping an eye out for properties in this area. I don't love the renovations they've done but I understand I'm not gonna get everything I want in this market. I do share the concerns of the PP in that I feel like this is overpriced and would be 1.3 in a typical market. My DH and I would be willing to spend 1.6 but don't want to spend that much for a temporary blip in the market. [/quote]

I don’t think that’s a blip. I bet it goes for more. That’s a big lot. That’s a tough price range. My house, on the other side of McLean, would be in that range but I’m not aware of anything in my small neighborhood coming in the market. [/quote]

If your house is on the other side of McLean, then it's probably closer to DC and/or Metro and, while it might have less land, the price would reflect its location.  [/quote]

Not every high paying job is in DC. This location is very convenient to DC and Reston, where a lot of lucrative jobs locate[/quote]

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