With the real estate market soaring these days, it is only to be expected that Idylwood Towers would finally see some price appreciation too. In 2012 16 homes sold the whole year. In 2013, 15 homes sold year to date.
As of today there are 2 homes listed for sale ranging in price from $239,000-$245,000 (both 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, the first half of 2013 has seen about a 10% 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 $238,000.
The rents keep going up this year. 32 properties rented in 2012, this year to date 21 properties rented. There are currently 3 properties listed for rent ranging from a 1br/1ba listed at $1,625 to a 3br/2ba listed at $2,200. As can be seen on the below graph the rents have been increasing the last few years. There is little change from 2012 to 2013 up to this point though.
Idylwood Towers is a great place to call home and the prices are still low. Coupled with still low interest rates(albeit rising) 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.
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