Fall is here and the beautifully landscaped grounds at Idylwood Towers have been showing off their best colors the last few weeks. Winter is coming – it seems an appropriate time to take stock of the market at Idylwood Towers.
Overall, real estate at Idylwood Towers has been doing well in 2014. Prices are stable and reasonably priced homes are often selling in the 30-60 day range. Prices have been continuing their upward trend this year in part due to better quality units coming on the market. More often than not units have been updated with new kitchens and bath, fresh paint and new flooring. Units selling with the old refrigerator-sized stoves are getting rarer.
It looks like the number of sales and rentals will end up at about the same amount as last year (last year 21 homes sold and 31 units rented.)
Generally, 1 bedrooms sell for about $200,000, 2 bedrooms for about $240,000 and 3 bedrooms in the low $300’s. As of today, there are 5 active and 3 pending homes in the community.
The rental market this year has been a bit challenging with lots of competition from new apartment complexes in the Merrifield, Vienna and Tysons Corner area.
Idylwood Towers is a wonderful community with great amenities in a fantastic location. The units are large and prices affordable. If you would like to discuss buying or selling at Idylwood Towers, give us a call at 703 560-3424.