The market activity at the Fountains at McLean in Tysons Corner has been slow so far in 2011. The community is still affected by a high investor ratio making a 20% down payment likely.
There are three pending sales at this time (two of which are short-sales that may or may not go to closing.)
Here are the 4 sales that have taken place this year so far:
|1517 LINCOLN WAY #101A||2||2||Oak||Normal||1050||$ 305,000||03/25/11|
|1540 LINCOLN WAY #101B||1||1||Spruce||Normal||762||$ 190,000||02/28/11|
|1533 LINCOLN WAY #202A||1||1||Spruce||Foreclosure||762||$ 204,683||02/25/11|
|1515 LINCOLN WAY #101B||1||1||Cedar||Foreclosure||690||$ 180,000||01/20/11|
Two of the sales were foreclosures. One interesting thing to note is that in February a regular resale sold for less than a comparable unit that was a foreclosure. There were differences (floor etc), but it does show that a foreclosure isn’t always the lowest priced unit.
There are few properties for sale in this community currently. As buyer demand is high, now is a great time to sell if you have been thinking about it. We specialize in Fountains at McLean – please contact us so we can show you how we can help.
(Sold data is from MRIS but is not guaranteed)