Lizzy's Chesterbrook Woods Market Report
September 25, 2024
Chesterbrook Woods continues to be one of the most desirable neighborhoods in McLean. Year-to-date there have been 17 sales, ranging in price from $1,500,000 for a .25-acre lot to $5,250,000 for a new construction home. Nearly 1/3 of the sales are new construction homes. With 28 sales last year, the number of sales for 2024 is lagging because inventory in our neighborhood continues to be historically low.
The real estate market moves up and down, but the fundamentals remain strong for Chesterbrook Woods. Demand outpaces supply which benefits those looking to sell. New build pricing continues to climb because land values are rising. A third acre can now command upwards of $1.550. And, many of the new builds are now asking and getting $4.0m+. Once the election passes and the inauguration approaches, we anticipate a strong start of the 2025 market in late January.
If you are considering a sale in 2025, now is the best time to connect with an experienced Realtor who can guide you through timing, preparation, and pricing trends.
Coming Soon to the neighborhood…
CHESTERBROOK WOODS DOCUMENT SHRED DAY OCTOBER 5TH!
We hope to see you at the secure shred October 5th. It's a great opportunity to get rid of paper clutter and old documents!
And, one more question that neighbors have asked us that we would like to address.
Neighbors ask, “I’m not quite ready to move, but what are a few easy updates I can do to my home to enjoy now… and later?”
What update can I do to my home to enjoy now?
We would like to share the top 3 home improvements known for delivering strong return on investment (ROI) when you decide to sell. Plus, these are updates that can be enjoyed whether selling or staying!
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A modern, updated kitchen - smaller updates such as new countertops, updated appliances, or freshly painted cabinets can significantly enhance value.
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Upgraded bathrooms - deliver eye popping updates with new lighting, mirror, hardware, and updated vanities. Buyers value fresh, clean, functional bathrooms.
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First impressions matter. Improvements like new landscaping, modern house numbers, or a pop of color on your front door can greatly enhance curb appeal.
Are you ready and interested to make changes, but not quite sure where to begin? Let’s connect! I would be happy to listen to your interests and intentions, and give suggestions to you at the stage you are at.
At Your Service,
Lizzy
202-441-3630
Lizzy is the 2017 American Mothers, Inc. Virginia Mother of the Year and currently serves on the AMI National Board of Directors. Lizzy is the 2005 Leukemia & Lymphoma Society National Woman of the Year and is a past member of the LLS Board of Trustees. She is a sustaining member of the Junior League of Northern Virginia and is a devoted member of her church, Trinity United Methodist. She is a member of River Bend Golf & Country Club, Great Falls, VA. She and her husband, Steve, live in McLean, Virginia with their two children.
Licensed in the Commonwealth of Virginia, the District of Columbia, and Maryland
