With the real estate prices having soared in many communities in 2013 it is only to be expected that Idylwood Towers would finally see some price appreciation too. In 2013 24 homes sold versus 16 homes in 2012.
As of today there are 4 homes listed for sale in the low $200′s (1 and 2 bedroom units). You can see the homes currently for sale here.
To get a better understanding of the overall price curve in the neighborhood we can take a look at the sales history of the various models.
While prices remained flat from 2009 to 2012, 2013 saw about a nice price increase for 1 and 2 bedroom units. The lowest price was a junior 1br/1ba at $138,500. The highest price was a 2br/2ba property at $260,000.
For 2014, there has been relatively few properties sold year-to-date. While 1 bedrooms seems to continue their climb along the same lines as 2013, the average price of 2 bedrooms fell to below the price for 1 bedrooms… However, there were only two 2-bedroom homes sold this year at $162,750 and $244,900. The home at $162,760 was sold in an auction at what I would consider quite a bit below market… The last time a 2 bedroom home sold at a lower price was in 2002…
The rents seem to be flat this year but may change after the summer rental season.
Idylwood Towers is a great place to call home and the prices are still low. Coupled with still low interest rates this is a great time to buy. If you would like to discuss selling or purchasing in Idylwood Towers, please give us a call at 703 560-3424 or contact us online.
Are Andresen Broker, Soldsense Realty LLC “Your sixth sense in real estate”