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]

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]

I agree that not every high paying job is in DC.  But the same house at a location "on the other side of McLean," whether it's a Langley neighborhood like Langley Oaks or a McLean neighborhood like Chesterfield Woods, is probably going to cost more because it's closer to DC and puts you between the high-paying jobs in both DC and Tysons.  The house previously posted is further out, almost in Great Falls, and also not especially close to other amenities.

Having said that, it's a crazy market and there's not much inventory, so maybe it will go for the asking price or higher.  Personally, I'd be uncomfortable spending $1.6M for that house in that location without more comparables.  For example, while Redfin now values this similar house at $1.57M, it actually sold for $1.46M last April.  That price seems more reasonable to me.

https://www.redfin.com/VA/McLean/1008-Kimberwicke-Rd-22102/home/9266065

[/quote]

Langley Oak is selling for 1.7-1.9 now! While a year ago it was more for 1.3-1.5. It's been a crazy year![/quote]

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