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Old 05-28-2015, 12:35 PM
 
1 posts, read 904 times
Reputation: 10

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I am looking for condo in Mclean and Falls Church Area.
I have researched data from gates of falls church condo ( haycock road, falls church, 22043)and found out that that the house price of condo are not even going up.
Is any one familiar with this condo community? Why Mclean/Falls Church Condo market are slow?

Thanks a million!

Last edited by szvahh; 05-28-2015 at 12:35 PM.. Reason: typo
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Old 05-29-2015, 07:57 AM
 
617 posts, read 1,356,210 times
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Are you talking about the Gates of West Falls? I grew up near there, couldn't tell you much about price or market, but you can't really beat the location. It's within walking distance to Metro and downtown Falls Church, zoned for very good schools, etc.
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Old 05-29-2015, 08:34 PM
 
Location: Gainesville, VA
274 posts, read 348,495 times
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I am not familiar with Gates of West Falls, but just looking at the information in the MLS it does look like the prices have taken a little bit of a downturn from last summer. Only 2 have sold this year and 2 are under contract. The larger 2000 sq ft condos last year sold in the 600-625 range and this year one closed at 580.
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Old 05-29-2015, 10:49 PM
 
5,051 posts, read 3,579,034 times
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Condos are generally worse investments than houses. Condos in the the areas you have described are generally priced similar to Single Family Homes just a bit further away. With employment dropping in the area via government cutbacks and baby boomer retirements, pricing for condos is neutral at best. If you want Condo go for established (older) development in stable area with good schools (both your areas qualify).
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