In the month of November, the most recent past month, there was one home sold in the Tysons Corner Condominium community known as The Gates of McLean. The property sold was a 1 bedroom 1 bathroom home. There are many 1 bedroom 1 bathroom models, but the one sold was a Danielle model on the 2nd floor of building 1570. The property had some upgraded flooring and appliances, and included a garage parking space. It sold for $223,000 when asking $245,000. There was no subsidy involved so the net price of $223,000 reflected a price of $303/per square foot. This property was on the market 9 days prior to ratifying a contract.
There continues to be a shortage of good homes on the market, in the gates, and the surrounding area. This is evidenced even more so by how quickly this one sold.
November 2009 fared similarly with the same month previous year in terms of the number of sales. As November 2008 also had a single property sold in The Gates of McLean. That property (in 2008) was a 2 bedroom 2 bathroom Preston model that sold for $285/per square foot. Comparing 1 bedrooms to 2 bedrooms isn’t a fair comparison, and the sample size is small. However, looking at the price per square foot numbers many would say that things are looking up for this Tysons Corner community!
At this moment there are 3 properties available for sale in The Gates of McLean. Two of those are 1 bedrooms, and the third is a 3 bedroom. There are also 8 properties for rent in this Tysons Corner community. Of the properties for rent, five are 1 bedrooms, a single 2 bedroom is available, and there are two 3 bedrooms.
Data from MRIS
