At the Gates of McLean there have been few homes sold during the first 4 months of 2013. Only two units closed – a 1 bedroom at $270,000 and a 2 bedroom at $348,000. Both units had some updates but nothing extraordinary. That is an increase of about 10% from the average for those models from 2012. Inventory was very low at the beginning of the year so it will be interesting to see if that will be the trend. There are three pending 1 bedroom units currently so we should know in not too long if these were on-offs!
Apart from the sales, lots of things are happening in the area with the Silver Line metro nearing completion and Capital One gaining approval for their plans at the neighboring site.
To see what is currently for sale at the Gates of McLean, look here.