Luxury for Less: May 1

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

If you’ve been waiting to buy because the market is just too hot, now is a good time to put your toes in the water.

The market has softened just a bit and inventory has increased. This week saw 241 new homes come on the market in the Tysons area (McLean, Vienna, Falls Church, Great Falls). Inventory in Fairfax County is up almost 50% from this time last year. It’s still a seller’s market but it’s a bit friendlier to buyers going into May than it was going into April.

I’m often asked about new builds in the Town of Vienna. Vienna is a great place to live. It’s walkable to many shops and restaurants and features family activities throughout the year. The new build homes are becoming quite expensive though.

Depending on where you live (Vienna is divided into quadrants), a new home can cost $1.5M to nearly $3M. Homes that are just a bit older sell for considerably less. Craftsman and Farmhouse style homes are very popular but Colonials are still a staple for the D.C. metro area.

If you want to live in Vienna and live in a home with considerable size, consider a home just a few years older. This colonial is in the Town of Vienna and features nearly 6,000 sq. ft. on 3 levels:

1003 Cottage Street SW Vienna (Reduced $59,800)

Check out all this week’s Luxury for Less listings here:

• 737 Ridge Drive McLean (Reduced $30,000)
• 1003 Cottage Street SW Vienna (Reduced $59,800)
• 10420 Van Patten Lane Great Falls (Reduced $45,000)
• 8702 Old Dominion Drive McLean (Reduced $70,000)
• 7004 River Oaks Drive McLean (Reduced $300,000)
• 2050 Crossing Gate Way Vienna (Reduced $50,100)

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.