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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There have been 194 sales over $1M since 1/1/13 in 22101 compared to 141 in 22207.  It's not just the occasional $15M property sale, but a higher-end housing stock in general. [/quote]

I actually think that is the point the other poster was making. The average home sale price in McLean 22101 (not including TH, Condos) is generally about $900-950 in a typical quarter. The average in Arlington 22207 is generally about $800-850 (your point about housing stock size, and square footage)

If the average family income in the two zips are roughly the same, why do people take on more house on average in McLean for their ability to afford? Or put another way -- are the Saudis in their $15 Million houses holding their weight in HHI, when everyone else in McLean is just average Fairfax County?

One 15 million house sale requires 15 one-dollar house sales to reach a $1 M average.... [/quote]

Yes, there are like 5 houses facing the Potomac river that are worth $25 Million each which offset the 100s of mclean houses near the Falls Church Border that go for $550-690K[/quote]

I once has a friend who lived in a rental basement apartment in Georgetown. He'd go on and on about living next to all these wealthy "famous" people.

He still lives in an apartment (though he moved to Ballston). Still ekeing out a sales job. Don't think hell ever make enough to be able to buy a townhouse in Falls Church, much less Georgetown.

My guess is the two posters are kids like this. Reality will mug them soon enough. Real people in 22207 or 22101 (or 20854, 20007, 22205, 20816 or other affluent zips) know the truth - it takes a life choice as well as money to pick a home and raise kids there.[/quote]

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