A. Bradley Nelson
Chief Marketing Officer Sotheby's International Realty
Credit TK
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RECENT MARKET MOVERS TTR Sotheby’s International Realty sold both of the most expensive detached homes in 2021. In October, the firm sold 7979 E. Blvd. Dr. in Alexandria for $48 million . This 7 bedroom/7 full bath estate resides on 16.5 acres that once were part of George Washington’s Mount Vernon estate. Earlier in the year, the firm sold 1139 Crest Lane in McLean for $15 Million. This special estate is located on a 3 acre waterfront setting and offered 5 bedrooms and 4 full baths. For townhomes, the top seller was a 4 bedroom and 4 full bath waterfront home at 24 Wolfe Street in Alexandria that sold for$3,675,000. The top selling apartment style home was a 3 bedroom and 2 full bath condo with river views at Alexandria’s Robinson Landing that sold for $4,509,000). (Data from Bright MLS)
In 2021, Home Sales Priced $2 Million or More Were Up Nearly 70% over 2020
In 2021, prices were on the rise in the suburbs adjacent to Washington, DC. Indeed, 407 properties sold for more than $2 Million in the areas of Arlington, McLean, Falls Church, and Alexandria. This total marked a nearly 70% increase in sales over 2020 and included 361 detached homes, 22 townhomes, and 24 apartments. Homeowners in these areas enjoy short commutes to offices in DC, Arlington, and Tysons. Consistent with a nationwide pandemic era trend, buyers particularly sought outdoor space and room for home offices and gyms. Of the top 407 sales, 174 homes offered at least a half-acre parcel and 335 had 5 or more bedrooms. We expect this trend to continue in 2022, as the hybrid work environment continues to fuel demand for homes with short commutes and home offices. We believe luxury is not a price point but a level of service. If you are thinking of selling or buying, please contact us. We love conversation.
A view from dc's suburbs in virginia
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Falls church home offered pandemic era staycation perfection and proximity to dc 6325 Beachway Drive Falls Church, Virginia $1,700,000 This lakefront home was one of the top sellers in Falls Church because it offered everything buyers sought in the pandemic era - great outdoor space, recreational opportunities, and even a "zoom room" for those virtual work-from home days! Sold by Ken Trotter, TTR Sotheby's International Realty.
{{user.fullName}}, J.D. Realtor Silver Line Group, CEO. Licences in VA, DC, MD, FL {{user.company}} 703.606.1122 | ktrotter@ttrsir.com | SilverLineHouses.com