Real Estate
[Cash Buyers] Top 10 Neighborhoods in Oakton
See the latest rankings of the Oakton 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, 274 properties have sold in Oakton ranging from a 1-bed, 1-bath condo for $180,000 to a 5-bed, 6.5-bath detached for $2,500,000. Approximately 10% of these homes were purchased with cash. The median sold price was $675,000.
Top 10 Oakton Neighborhoods for Cash Buyers
In the past 12 months, a total of 28 homes sold in Oakton for cash with a median sold price of $320K. These were the most popular Oakton neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Four Winds At Oakton | Condo | 6 | 23% | $229,450 |
| The Oakton | Condo | 3 | 12% | $310,000 |
| Vistas Of Vienna | Condo | 3 | 30% | $260,000 |
| Windsong West | Detached | 2 | 100% | $1,575,000 |
| Fox Lake | Detached | 2 | 67% | $992,500 |
| Treebrooke | Condo | 2 | 12% | $301,750 |
| Reserve At Waples Mill | Detached | 1 | 50% | $2,500,000 |
| Bridges Of Oakton | Detached | 1 | 50% | $1,900,000 |
| Hunterbrooke | Detached | 1 | 100% | $1,400,000 |
| Grays | Detached | 1 | 33% | $1,199,000 |
Oakton Cash Sales by Property Type
In the past 12 months, a total of 12 detached homes, 1 townhomes, and 15 condos sold in Oakton for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in Oaktonwith free, real-time updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 0 | 0 | 1 | 11 | $1,203,500 |
| Townhouse | 0 | 0 | 1 | 0 | $525,000 |
| Condo | 5 | 9 | 1 | 0 | $260,000 |
| Sold (MED) | $219,500 | $270,000 | $525,000 | $1,208,000 | $320,000 |
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 Oaktonwith free, real-time updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.
