Market Analysis Comparison for Great Falls, VA 22066
Quarter End 3/31/10 vs. Quarter End 3/31/11
I compared my market analyses for Great Falls, VA 22066 for the quarters ending 3/31/10 and 3/31/11 and compiled the data first into a table, then charted the data. The table and chart are below. Click on either to enlarge them.
Summary of 22066 Comparison
The following price ranges stayed virtually stable:
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$700,000 – $899,999
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$2,000,000 – $2,499,999
The following prices ranges changed:
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$1,200,000 – $1,499,999 – between the first quarter of 2010 and the first quarter of 2011, this range switched from a buyers’ market to a sellers’ market.
- $1,500,000 – $1,999,999 – between the first quarter of 2010 and the first quarter of 2011, this range became a weaker buyers’ market, or became slightly better for sellers.
- $2,500,000 – $2,999,999 – between the first quarter of 2010 and the first quarter of 2011, this range became a stronger buyers’ market, or became slightly better for buyers.
- $3,000,000+ – between the first quarter of 2010 and the first quarter of 2011, this range also became a stronger buyers’ market, or became slightly better for sbuyers.
The number of withdrawn listings in the $700,000 – $899,999 price range increased from 6 to 15 which indicates that more sellers are not getting the prices that they expect for their homes and are taking them off the market.
The number of withdrawn listings in the $1,500,000 – $1,999,999 price range decreased from 13 to 8 which indicates that more sellers are getting the prices that they expect for their homes and are leaving them on the market.
If you have any questions about this post or about the McLean-Great Falls real estate market, please don’t hesitate to contact me at tania@hbgroup.us.
