Are Andresen

Pimmit Hills

Built in the 1950’s, the 1,500+ single family homes typically have a quarter acre lot. The community is located off Rt 7 in Falls Church close to Tysons Corner. Home prices range from the low $300’s for a rambler with 3 bedrooms and 1 bathroom and upwards to $1M homes.  

The number of distressed sales seem to have peaked in 2009. Very few shortsales – still some foreclosures.

Gates of McLean

Gates of McLean was built in 1998 as a rental complex. It is located in the Tysons Corner area of McLean (Fairfax County) at the intersection of I-495 and Chain bridge Road (Rt 123). The complex was converted in 2003/2004 to condominiums by Crescent Heights and sold out in less than 9 months. Gates of McLean is located next to the new Tysons-McLean metro.

The number of distressed sales seems to have peaked in 2009 also in this property. Still quite a bit of distressed sales there though.

 Fountains at McLean

The Fountains at Mclean was built in 1998 as a rental complex. It is located in the Tysons Corner area of McLean (Fairfax County) at the intersection of I-495 and Chain bridge Road (Rt 123). The complex was converted in 2003/2004 to condominiums by Crescent Heights.

The Fountains at McLean had a lot of foreclosures but also here they peaked in 2009 and really slowed down from 2009 to 2010.

 Idylwood Towers

Early 1970’s condominium located in the Tyson’s Corner area of Falls Church (Fairfax County).  Idylwood Towers consists of two apartment buildings with about 14 floors each. Idylwood Towers is located about 1 mile from West Falls Church metro station.

The number of foreclosures went from close to zero in 2008 followed by a spike in 2009. The number of foreclosures were down in 2010 again.

Woodburn Village

Woodburn Village is a 1960′s garden community with about 600 condominium units. Woodburn Village is located about where Gallows Road intersects with I-495, behind Fairfax Hospital in Annandale. The community has 1, 2, 3 and 4 bedroom units.

This community really got hit hard with prices falling to less than half the price of where in 2005/2006. For example, 2br units went from high $200′s to low$100′s.

While the number of foreclosures is down, short sales are taking over. Prices have stabilized over the last year and may even have shown a small increase in 2010.