Real estate sales did well at Idylwood Towers in 2018. Prices were stable and well kept units sold at good prices. The 29 homes that sold took on average of 73 days to sell. You can see the last 12 months of units sold at Idylwood Towers here.
Based on 2018 averages Junior 1 bedroom units sold for about $185,000, 1 bedroom units about $200,000, 2 bedrooms about $245,000, 3 bedrooms/2bath about $270,000 and 3 bedroom/3 bath about $300,000.
In 2018 the overall market in the Tysons Corner area has been doing well . Idylwood Towers is doing well with prices showing an upwards trend the last few years. As you can see from the below graph the prices still have room to grow before reaching the 2005 levels.
The rental market at Idylwood Towers is also slowly appreciating. There are a lot of new apartment complexes in the Tysons Corner area and that keeps the rents from appreciating too much.
The ratio of prices to rents have been remarkably stable over the last 8-10 years as can be seen by the below Gross Rent Multiplier (GRM) graph.
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.