Anonymous
01/05/2022 19:34
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:
Not every high paying job is in DC. This location is very convenient to DC and Reston, where a lot of lucrative jobs locate
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
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!
Anonymous
01/05/2022 19:30
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:
Not every high paying job is in DC. This location is very convenient to DC and Reston, where a lot of lucrative jobs locate
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
1.455 was the price 8 months ago, also that house is next to Old Dominion dr, lots of noise. Location wise, it's actually super close to all amenities in Tysons. Not saying it's perfect and worth the asking price, but this location and neigborhood is very desirable.
Anonymous
01/05/2022 19:19
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:
Not every high paying job is in DC. This location is very convenient to DC and Reston, where a lot of lucrative jobs locate
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
Anonymous
01/05/2022 19:07
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
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.
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.
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.
Not every high paying job is in DC. This location is very convenient to DC and Reston, where a lot of lucrative jobs locate
The high paying tech jobs are all in Tysons and Reston. Which is convenient to McLean
Anonymous
01/05/2022 19:05
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
That is a great neighborhood.
Anonymous
01/05/2022 19:03
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
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.
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.
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.
Not every high paying job is in DC. This location is very convenient to DC and Reston, where a lot of lucrative jobs locate
Anonymous
01/05/2022 18:58
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
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.
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.
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.
Anonymous
01/05/2022 18:38
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
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.
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.
Anonymous
01/05/2022 15:25
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:We are empty-nesters in Mclean and we want to sell, but the idea of having people come thru during Covid has put the idea on the back burner. Wait it out or rent a house in Mclean to get your kids in the excellent schools. I think there are a lot of people like us in a holding pattern. Once Covid is over we're out of here.
I'd imagine a lot of people are in this exact position. I know this is a long shot, but if would like to move sooner rather than later, we'd love to chat and find a way to connect haha!
Kidding, sort of.
Anonymous
01/05/2022 15:13
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
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.
Anonymous
01/05/2022 14:46
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
They bought the house for 1.24 in 2014 and seemed like they built a screened porch and fencing etc. Sounds reasonable to ask 1.6 after 8 years. But it can well be a tear down for the age of the house... 1.6 for a 0.7 acre lot? Not sure builders would jump in.
Anonymous
01/05/2022 14:30
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
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.
Anonymous
01/05/2022 14:26
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Just saw this coming up in my neighborhood:
https://www.redfin.com/VA/McLean/8301-Riding-Ridge-Pl-22102/home/9262707
Nice price, but the location outside the beltway near 193 blows.
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.
Anonymous
01/05/2022 14:23
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Inventory will go up when apartment buildings are constructed there. Until then, it will be tough.
But then it will no longer be a "coveted" area -- just another Tysons with low income families in two bedroom apartments.
Interesting. So the apartments are going to cause the area to be moved further away from dc?
Keep trying with your Greater Greater Washington shtick. The neighborhood will not be less desirable because of any change in the location but because there will no longer be single family houses with yards, schools, parks, and rec centers that are not overcrowded, and the schools will no longer be top performing. Just compares Westgate Elementary School where many McLean apartments are located and Springhill Elementary school and get back to me.
DP. There are a lot of apartments zoned to Spring Hill. They just tend to be newer, more expensive apartments, whereas Westgate has a lot of the older, smaller garden apartments and 1/2 of Pimmit Hills, which still has a lot of small, older single-family homes along with tear-downs and new SFH construction.
So I don’t see how these two schools necessarily tell you what the impact of additional new apartments and condos in the Langley HS or McLean HS district might be.
Anonymous
01/05/2022 14:17
Subject: For those in Mclean/Langley: when do you think inventory in your neighborhood will go up?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Inventory will go up when apartment buildings are constructed there. Until then, it will be tough.
But then it will no longer be a "coveted" area -- just another Tysons with low income families in two bedroom apartments.
Interesting. So the apartments are going to cause the area to be moved further away from dc?
Keep trying with your Greater Greater Washington shtick. The neighborhood will not be less desirable because of any change in the location but because there will no longer be single family houses with yards, schools, parks, and rec centers that are not overcrowded, and the schools will no longer be top performing. Just compares Westgate Elementary School where many McLean apartments are located and Springhill Elementary school and get back to me.
Falls Church/Pimmit Hills is the main feeder into Westgate not Mclean. The apartments in Mclean are not low end prices so not sure why you have a fear of the poors overrunning Mclean schools. LOL.