Real Estate
[Cash Buyers] Top 10 Neighborhoods in McLean
See the latest rankings of the McLean 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, 877 properties have sold in McLean ranging from a 1-bed, 1-bath condo for $175,000 to a 4-bed, 4.5-bath detached for $19,900,000. Approximately 25% of these homes were purchased with cash. The median sold price was $910,000.
Top 10 McLean Neighborhoods for Cash Buyers
In the past 12 months, a total of 221 homes sold in McLean for cash with a median sold price of $815K. These were the most popular McLean neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Rotonda | Condo | 15 | 36% | $385,000 |
| Fountains At Mclean | Condo | 14 | 34% | $233,750 |
| The Colonies | Condo | 11 | 38% | $295,000 |
| Gates Of Mclean | Condo | 10 | 33% | $307,700 |
| Lillian Court At Tysons | Condo | 7 | 47% | $370,000 |
| Chesterbrook Woods | Detached | 5 | 25% | $1,050,000 |
| One Park Crest | Condo | 5 | 50% | $605,000 |
| Encore Of Mclean | Condo | 5 | 31% | $242,500 |
| Broyhill Langley Estates | Detached | 4 | 44% | $847,500 |
| Chesterbrook Gardens | Detached | 4 | 25% | $763,500 |
McLean Cash Sales by Property Type
In the past 12 months, a total of 119 detached homes, 14 townhomes, and 87 condos sold in McLean for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in McLeanfor free with the latest updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 1 | 1 | 13 | 104 | $1,170,000 |
| Townhouse | 0 | 1 | 8 | 5 | $864,500 |
| Condo | 35 | 44 | 8 | 0 | $323,000 |
| Sold (MED) | $257,500 | $376,500 | $780,000 | $1,248,000 | $815,000 |
Peggy Yee is a supervising broker at Frankly Realtors and is one of Northern Virginia Magazine's Top Realtors in 2015-2019. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com.
Find out what's happening in McLeanfor free with the latest updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.