The Colonies Real Estate Guide

The Colonies is a condo community in McLean, VA. It has approximately 458 units, built between 1973 and 1974. The median home price in The Colonies is $338,000. About 23 homes sell annually in this community, which have appreciated approximately 18% over the past decade. Click here to sign up for my free monthly real estate market update.


People like living in The Colonies because:

  • Appreciation: The Colonies has had steady market growth over the last 10 years.

  • Low Maintenance: Many people love the condo life, which can have much less maintenance requirements than a townhouse or single family house.

  • Neighborhood: The Colonies’s median home value is lower than other surrounding neighborhoods, making it more affordable to live in McLean.

  • Popular Neighborhood: The Colonies has a thriving real estate market with the median days on market less than 10 days in 2019.

Current The Colonies Real Estate Market Inventory

The dials below indicate the current status of the The Colonies Real Estate Market based on the number of active listings, median sales price, and median days on market compared against the 5-Year averages.


The Colonies Current Home Sales Trends

In 2018, 32 properties have sold in The Colonies ranging from a 1-bed, 1-bath condo for $175,000 to a 3-bed, 2.5-bath condo for $420,000. The median sold price was $301,001. Compared against the median sold price from the previous year, prices are up 9%. The average price per square foot for homes in The Colonies was $262.

How To Get Top Dollar For My Home

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Recent Sold Homes and Sold Properties in The Colonies

Below is a list of properties in The Colonies that sold in 2018. Want to find out how much did my neighbor pay for their house? Want to learn what are homes selling for in my neighborhood? Check out the list below:

AddressBedroomBathSold Price
7721 Tremayne Pl #31232.1$420,000
7700 Tremayne Pl #20432.1$406,500
7630 Provincial Dr #10432$399,900
7621 Provincial Dr #10832$390,000
7720 Tremayne Pl #20432.1$389,500
7720 Tremayne Pl #30522$345,500
7630 Provincial Dr #11322$325,000
7640 Provincial Dr #10922$320,000
7600 Tremayne Pl #10922$320,000
7630 Provincial Dr #30222$320,000
7680 Tremayne Pl #31322$319,000
7600 Tremayne Pl #31322$315,000
7661 Provincial Dr #21122$310,000
7621 Tremayne Pl #30222$310,000
7700 Tremayne Pl #10322$310,000
7661 Provincial Dr #30522$303,000
7680 Tremayne Pl #30922$299,002
7621 Tremayne Pl #10122$298,000
7720 Tremayne Pl #20522$296,000
7721 Tremayne Pl #10222$295,000
7651 Tremayne Pl #21122$295,000
7661 Provincial Dr #30122$289,500
7621 Provincial Dr #30122$285,000
7651 Tremayne Pl #21322$283,000
7640 Provincial Dr #20922$280,000
7651 Tremayne Pl #20222$275,000
7621 Tremayne Pl #30721$269,000
7630 Provincial Dr #20521$258,000
7640 Tremayne Pl #20721$255,000
7651 Tremayne Pl #11211$222,900
7621 Tremayne Pl #21211$182,500
7621 Tremayne Pl #11211$175,000

How Much Equity Is In My House?

Below is a table outlining the median sold home prices annually for the past 10 years. This information can help you determine how roughly how much equity is in your home from the appreciation from your home value.

YearUnits SoldSold Price (Median)Sold Price (Low)Sold Price (High)
201832$301,001$175,000$420,000
201732$275,000$188,500$400,000
201624$262,450$160,000$400,000
201533$265,000$180,000$420,000
201423$280,000$185,000$475,000
201325$279,000$195,000$430,000
201218$265,000$155,555$300,000
201113$265,000$164,950$323,500
201015$250,000$163,000$360,000
200912$254,500$152,000$360,000


How Much Is My Home Worth?

Are you thinking about making a move? Are you wondering how much equity is in my The Colonies home? Get Your The Colonies Home Value Today with our Easy-To-Use Professional Home Value Estimator or to get prices of recently sold homes in your neighborhood. Act now to see your property’s value from the best McLean real estate agent Peggy Yee.


Closed Sales in The Colonies

The chart below indicates the number of closed sales within the past year in The Colonies.


Median Home Price in The Colonies

The chart below shows the median home values by month for the past year in The Colonies. While there are seasonal changes in the sales price, this charts give you a good idea of home price trends in the neighborhood.


Median Days on Market in The Colonies

The chart below shows the median days on market for the past year in The Colonies, which indicates how fast homes are selling in the neighborhood. This is calculated from the time the home hits the market until it goes under contract.


Months of Supply in The Colonies

The chart below shows the months of supply for The Colonies, which shows how much inventory is on the market. This is a snapshot of how long it would take all the houses in The Colonies to sell right now and indicates how much a neighborhood is in demand. Typically, 3 months of supply is a balanced market. Anything less than 3 months of supply is considered a seller’s market and, vice versa, anything more than 3 months of supply is considered a buyer’s market.


The Colonies Schools

Fairfax County Public Schools near The Colonies include: Spring Hill Elementary School. For the Great School ratings, click on the school name. To look up the schools serving a specific address, go to the Fairfax County Public School boundary locator.



About Peggy Yee

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 The Colonies with dozens of 5 Star Zillow reviews. Click here for Zillow Reviews.



* Source: BrightMLS. Information deemed reliable but not guaranteed.

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