McLean Condo Market Update - The Fountains at McLean

By
Real Estate Agent with FranklyRealty.com

The Fountains at McLean is a condominium community located in McLean, VA. The community contains 502 units comprised of one-bedroom and two-bedroom units. The smallest one-bedroom unit (The Pine) is 624sf, while the largest 2-bedroom unit (The Linden) is 1,034sf. The location of Fountains at McLean can't be beat. It's located in the heart of Tysons Corner with shopping just around the corner. It is also right across the street from a major transit station and has quick access to the Dulley Toll Road and I-495. There's also a Harris Teeter grocery store nearby. Walkscore rates this location "Very Walkable."

Market Update

1 Active McLean Condos For Sale at Fountains at McLean

4 Pending McLean Condos at Fountains at McLean

6 Sold McLean Condos at Fountains at McLean in the last 3 months

  Analysis Of the 6 condos sold in the last 3 months, 4 were one-bedroom condos with an average sold price of $204,215. The remaining 2 condos were two-bedroom condos with an average sold price of $308,500. Interestingly, the Days on Market were significantly different for one-versus-two bedroom condos in the same complex. The average DOM for the one-bedroom condos for sale at Fountains at McLean was only 8 days! This means that the properties are flying off the shelf! A look at the past year shows that 1-bedroom condos have had decreasing DOM for the past year, making these properties highly sought after in McLean. In comparison, the average DOM for the two-bedroom condos for sale at Fountains at McLean was 184 days - over 6 months!

This article was originally posted at: AroundVienna.com - McLean Condo Market Update - The Fountains of McLean

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