Tags: craig richardson mclean va real estate h
I ran across an interesting tidbit from the Dallas Morning News about Kay Bailey Hutchinson, the senior senator from Texas who is currently running for Governor of that state this fall.
Coming in at Number 18 in their article, "50 things you need to know about Kay Bailey Hutchinson," is the following: "She and her husband, Ray, sold their house in McLean, Va., in October for $1.4 million. That's $170,000 less than they bought it for in 2006." The home is pictured to the left (photo courtesy of MRIS).
When you've got to sell, you've got to sell I guess, particularly when you're running for office back home again. The problem for Senator Hutchinson is that she bought at the height of the market and sold at or near the bottom. Still, an 11% hit isn't too bad considering what others have faced. It also shows the overall strength of the McLean and surrounding Northern Virginia market.
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