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[quote=Anonymous][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]

I can assure you, no one on this board owns a $15 Million house facing the Potomac.

That aside, the Saudi comment early on in this disaster of a thread was odd. Most Saudis in this country are not members of Bandar's family (who are spread across Chain Bridge Road in Arlington and Fairfax Counties in $5-$15 Million houses. Most are average people. Cab drivers, accountants, store clerks, students, soldiers.

Most Saudi Americans actually have low income compared to other ethnic groups.[/quote]

I own a $15 M home facing the Potomac River. [/quote]

Is that one of the magenta properties? 
[img]http://ecx.images-amazon.com/images/I/7187TASRHZL.gif[/img][/quote]

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