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Luxury Outlook 2023
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The number of homes sold for $2 million or more in the inner Virginia suburbs near Washington, DC.
espite interest rate hikes, demand for luxury homes continues as people spend more time at home than ever before. In the DC suburbs of Arlington County, Fairfax County, and cities of Alexandria, Falls Church, and Fairfax, 589 homes sold for $2 million or more. This total included 533 detached homes, 26 townhomes, and 30 apartments. Continuing a pandemic era trend, buyers sought outdoor space and room for home offices. Of the top 589 sales, 266 had at least a half-acre lot and 491 had 5 or more bedrooms. Another trend found buyers seeking houses with contemporary floor to ceiling windows and pools. (See my featured listing, page right). Market Movers In 2022, TTR Sotheby’s International Realty represented 8 of the top 10 sales in the Washington, DC region. Four of these sales were in the popular Northern Virginia suburbs: $23 million for a 3.92 acre double lot in McLean's coveted Gold Coast at 612/618 Chain Bridge Road; $11 million for a new estate residence known as “Federal Hill” at 1011 Turkey Run Road in McLean; $10.5 million for Alderley Manor, an estate situated on five picturesque acres at 576 Innsbruck Avenue in Great Falls; and $10 million for a craftsman style residence at 1165 Chain Bridge Road in McLean. Other top Virginia sales: a new home at 3433 N Albemarle Street, Arlington ($4.15 million); and, a new home at 2221 Tulip Drive, Falls Church ($2,507,382). Data from BrightMLS.
{FEATURED PROPERTY IMAGE PHOTO CREDIT}
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A View From DC's Suburbs in Virginia
{{user.fullName}}, J.D., realtOR® Vice President (Licenses in VA, DC, MD, FL) {{user.company}} 703-606-1122 | SilverLineHouses.com; Info@silverlinehouses.com
Sold in 2022 - new custom home in prime arlington location 4026 21st Street N. Arlington, Virginia 22207 $2,242,704 Ken’s Silver Line Group sold this custom, new home with 6 Bedrooms, 6 full bathrooms, and 2 half bathrooms. Featuring a gourmet kitchen, luxurious master retreat, upscale features throughout, and plans for a pool.