Real Estate
[Cash Buyers] Top 10 Neighborhoods in Burke
See the latest rankings of the Burke neighborhoods with the most cash buyers in the past year. Is your neighborhood on the list?
What do cash buyers mean for your neighborhood? Neighborhoods with a high percentage of cash buyers can mean that investors are fixing and flipping homes, which can increase home values overall. In condo communities, a high percentage of cash buyers may mean these are good buy and hold investment properties, where the rent versus purchase price is attractive to investors.
In the past year, 657 properties have sold in Burke ranging from a 2-bed, 1-bath condo for $145,000 to a 4-bed, 4.5-bath detached for $1,165,000. Approximately 7% of these homes were purchased with cash. The median sold price was $480,000. Click here to sign up for my free monthly real estate market update to stay current on the latest real estate market trends in your neighborhood.
Top 10 Burke Neighborhoods for Cash Buyers
In the past 12 months, a total of 49 homes sold in Burke for cash with a median sold price of $388K. These were the most popular Burke neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Burke Cove | Condo | 12 | 36% | $246,450 |
| Burke Centre | Townhouse | 9 | 6% | $425,000 |
| Lake Braddock | Townhouse | 3 | 4% | $360,000 |
| Cardinal Glen | Townhouse | 3 | 19% | $412,000 |
| Keene Mill Woods | Townhouse | 2 | 8% | $288,000 |
| Edgewater | Detached | 1 | 17% | $1,165,000 |
| Dunleigh | Detached | 1 | 20% | $737,000 |
| Clayton's Grove | Detached | 1 | 33% | $845,000 |
| Timarron Cove | Detached | 1 | 33% | $900,000 |
| Inglewood Estates | Detached | 1 | 100% | $790,000 |
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Find out what's happening in Burkefor free with the latest updates from Patch.
Burke Cash Sales by Property Type
In the past 12 months, a total of 15 detached homes, 21 townhomes, and 13 condos sold in Burke for cash. This was the breakdown by property type and bedrooms.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 0 | 0 | 4 | 11 | $555,000 |
| Townhouse | 0 | 2 | 18 | 1 | $375,000 |
| Condo | 5 | 5 | 3 | 0 | $244,000 |
| Sold (MED) | $212,500 | $248,900 | $388,000 | $683,500 | $388,000 |
About Peggy Yee
Find out what's happening in Burkefor free with the latest updates from Patch.
Peggy Yee is a supervising broker at Frankly Realtors and is a local Top Producer. She has sold over $80 million in sales and was one of Northern Virginia Magazine's Top Realtors since 2015. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com. Peggy is 100% committed to making your move the best experience possible! Don't just take our word...Click here to see what Peggy's past clients have to say about the experience working with her from Buyer and Seller Video Testimonials and you'll understand why she is one of the top real estate agents in Fairfax Station with dozens of 5 Star Zillow reviews. Click here for Zillow Reviews.
* Data Source: BrightMLS. Information deemed reliable but not guaranteed.