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Reply to "Great Falls or Reston?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There are currently only 6 houses for sale in 20194. There are 155 houses for sale in 22066. Why do you think this is?[/quote] Maybe because all the elderly people who have lived in Great Falls are finally ready to sell? Nearly every house in my neighborhood that sold in the last four years was sold by the original owner or retirees who were downsizing. [/quote] You also have to consider the types of houses being offered: 1) is it land or a home? (GF has a lot of land for sale); 2) is the home less than or greater than $1.3M? (it's easier to sell a home that is less than $1.3M, and more homes in Reston are less than $1M than in GF); are you commuting downtown or not? (more people are likely to choose Reston if they commute downtown); are there restrictions with the property that are unattractive to builders (who are snapping up lots in McLean, and Vienna)? (many areas in GF require you to have a 1/2 acre lot and certain setbacks on the property, which limits builders' ability to cram 455 McMansions onto a postage stamp). In my small neighborhood, about 33 homes were sold in the last few years. Overwhelmingly, most of the homes under $1.5M sold in 2 months or less on the market (actually, most sold within one month on the market). Several $2M+ homes sat on the market for a long time, but liek I said above, these properties are not attractive to builders because they cannot be subdivided. [/quote]
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