Click to enlarge the below images for printing or a better view.
If you have any questions about these statistics or would like to discuss them or current real estate market conditions, I follow the market trends very closely and would be happy to discuss them with you. I can be reached by email at taniahosmer@gmail.com or phone at 703-403-8225.
There is a popular saying among top economists: “As goes housing, so goes the economy.”
Normally, nationwide housing and housing-related services account for about 15-19% of the Gross Domestic Product (GDP), depending on the year. However, broad generalizations like, “It’s a great time to buy,” don’t even begin to tell the whole story, particularly here in Northern Virginia. In order to fully understand our local housing market, the statistics need to be broken down into meaningful parts which can be understood and applied by the average home owner and potential buyer.
This analysis provides a snapshot in time of our constantly changing local real estate market. Hopefully, it will provide you with a more detailed and accurate picture of what is happening in our market today.
State of the Real Estate Market in McLean, VA 22102 for the Quarter End 6/30/11
The following table and chart compare the number of active listings (the supply) to the number of properties sold or under contract (the demand) in the local real estate market of McLean 22102 by price range for the period from 12/31/10 – 6/30/11.
Based on the balance, the real estate market in our area can be characterized in one of three ways:
Buyers’ Market – More properties for sale (Supply) than properties that have sold in the past 6 months or are currently under contract (Demand)
Balanced Market – an equal number of properties for sale (Supply) as properties that have sold in the past 6 months or are currently under contract (Demand)
Sellers’ Market – more properties that sold in the past 6 months or are currently under contract (Demand) than properties that are currently for sale (Supply)
To get an enlarged view of the table or chart, click on them.
22102 Summary
If you have any questions about the McLean-Great Falls real estate market, please don’t hesitate to contact me at taniahosmer@gmail.com.
Recently Sold in McLean, VA 22101 – Past 10 Days
Eighteen (18) properties sold in the past 10 days (June 13, 2011 – June 23, 2011) in the postal code area of 22101 of McLean, VA. Three (3) sold for under $500,000. Five (5) sold for between $500,000 and $750,000. Six (6) sold for between $750,000 and $975,000. Four (4) sold between $1,000,000 and $1,700,000.
| ML# | Address | Subdivision | DOM | Close Price | Subsidy |
| FX7570432 | 6800 FLEETWOOD RD #511 | MC LEAN HOUSE NORTH | 37 | $315,000 | $0 |
| FX7596376 | 1951 KIRBY RD | WESTMORELAND PLACE | 17 | $485,000 | $0 |
| FX7596698 | 1841 WESTMORELAND ST | KENT GARDENS | 1 | $475,000 | $0 |
| FX7564697 | 6901 BLUE STAR DR | DEVON PARK | 35 | $548,000 | $0 |
| FX7552728 | 6228 COTTONWOOD ST | CHESTERBROOK | 53 | $600,000 | $0 |
| FX7594907 | 1712 MARGIE DR | W. LEWINSVILLE HEIGHTS | 11 | $675,000 | $2,500 |
| FX7582904 | 1457 HAMPTON HILL CIR | HAMPTONS OF MC LEAN | 25 | $709,000 | $0 |
| FX7583428 | 7407 CHURCHILL RD | WEST LANGLEY | 19 | $749,900 | $9,000 |
| FX7489517 | 6200 CHESTERBROOK RD | CHESTERBROOK WOODS | 401 | $785,000 | $0 |
| FX7582125 | 1869 KIRBY RD | CHESTERBROOK | 17 | $780,000 | $0 |
| FX7576204 | 6856 CHELSEA RD | BEVERLY MANOR | 43 | $857,500 | $14,000 |
| FX7551271 | 6109 RAMSHORN PL | CLEARVIEW MANOR | 104 | $900,000 | $4,000 |
| FX7552938 | 1516 EMERSON AVE | TALAH | 2 | $960,000 | $1,200 |
| FX7589839 | 711 RIDGE DR | LANGLEY OAKS | 1 | $1,000,000 | $0 |
| FX7043082 | 6703 LUPINE LN | PARKVIEW HILLS | 371 | $850,000 | $0 |
| FX7588616 | 1013 BROAD BRANCH CT | TREELINE | 3 | $1,170,000 | $0 |
| FX7579114 | 1886 VIRGINIA AVE | FRANKLIN PARK | 18 | $1,450,000 | $0 |
| FX7599415 | 1230 PROVIDENCE | PROVIDENCE FOREST | 15 | $1,655,000 | $0 |
Below is a link to the complete MRIS listings for these properties which include more details like lot size, number of bedrooms and bathrooms, tax assessment and photographs.
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-143145309-121
If you have any questions about the information contained in this post or the local McLean-Great Falls real estate market, please feel free to contact me at taniahosmer@gmail.com or 703-403-8225.
There is a popular saying among top economists: “As goes housing, so goes the economy.”
Normally, nationwide housing and housing-related services account for about 15-19% of the Gross Domestic Product (GDP), depending on the year. However, broad generalizations like, “It’s a great time to buy,” don’t even begin to tell the whole story, particularly here in Northern Virginia. To further understand our local housing market, the statistics need to be compared from quarter to quarter or year to year, so that the average home owner and potential buyer can see the trends in the local housing market.
Hopefully, this analysis will provide you with a more detailed and accurate picture of what is happening in our local housing market.
Housing Market Comparative Analysis for McLean, VA 22102
Quarter End 3/31/10 vs. Quarter End 3/31/11
I compared my market analyses for McLean, VA 22102 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. For a larger view of either the table or chart, click on them.
Summary of 22102 Comparison
Please refer to my previous post for the quarter end 3/31/10:
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 taniahosmer@gmail.com.
There is a popular saying among top economists: “As goes housing, so goes the economy.”
Normally, nationwide housing and housing-related services account for about 15-19% of the Gross Domestic Product (GDP), depending on the year. However, broad generalizations like, “It’s a great time to buy,” don’t even begin to tell the whole story, particularly here in Northern Virginia. In order to fully understand our local housing market, the statistics need to be broken down into meaningful parts which can be understood and applied by the average home owner and potential buyer.
This analysis provides a snapshot in time of our constantly changing local real estate market. Hopefully, it will provide you with a more detailed and accurate picture of what is happening in our market today.
State of the Real Estate Market in McLean, VA 22102 for the Quarter End 3/31/11
The following table and chart compare the number of active listings (the supply) to the number of properties sold or under contract (the demand) in the local real estate market of McLean 22102 by price range for the period from 9/30/10 – 3/31/11.
Based on the balance, the real estate market in our area can be characterized in one of three ways:
Buyers’ Market – More properties for sale (Supply) than properties that have sold in the past 6 months or are currently under contract (Demand)
Balanced Market – an equal number of properties for sale (Supply) as properties that have sold in the past 6 months or are currently under contract (Demand)
Sellers’ Market – more properties that sold in the past 6 months or are currently under contract (Demand) than properties that are currently for sale (Supply)
To get an enlarged view of the table or chart, click on them.
22102 Summary
If you have any questions about the McLean-Great Falls real estate market, please don’t hesitate to contact me at taniahosmer@gmail.com.
McLean, VA 22101 – Multiple Listing Service Statistics – May 2011
Here are 2 jpeg files containing the latest market statistics for McLean VA 22101 from the local multiple listing service (click on files to see larger views):
Here are links to pdf files of the statistics (which are easier to read):
The statistics show the following changes from May 2010 to May 2011:
34 properties sold in McLean VA 22101 in May of 2011. As of May 31, 2011, 163 properties were on the market and 69 properties were under contract.
As compared to May 2010, the number of active listings was down by 5.23% and the number of contracts was down 15.85%, but the number of properties sold was up by 9.68%.
If you have any questions about this post or the McLean-Great Falls real estate market, please don’t hesitate to contact me at taniahosmer@gmail.com,
Market Analysis for McLean, VA 22101 – Quarter End 3/31/11
The following table and chart compare the number of active listings (the supply) to the number of properties sold or under contract (the demand) in the local real estate market of McLean 22101 by price range for the period from 9/30/10 – 3/31/11. To get an enlarged view of the table or chart, click on them.
This analysis is a snapshot in time. The real estate market constantly changes just like any other market. However, this is an accurate picture of the local real estate market at this point in time. Based on the balance, the market can be characterized three ways:
Buyers’ Market – More Active Listings (Supply) than Sales and Under Contract Listings (Demand)
Balanced Market – An Equal Number of Active Listings (Supply) vs. Sales and Under Contract Listings (Demand)
Sellers’ Market – More Sales and Under Contract Listings (Demand) than Active Listings (Supply)
22102 Summary
If you have any questions about the McLean-Great Falls real estate market, please don’t hesitate to contact me at taniahosmer@gmail.com.
Tania grew up in Northern Virginia and is a life long resident of the area. She has lived in McLean, Virginia with her husband and 2 children since 2001. She holds a bachelor’s degree in Physics from Mary Washington College and an MBA in Finance from The George Washington University. Tania began her real estate career over 20 years ago. In addition to real estate sales, her experience includes managing residential renovation projects in the greater Washington area, planning and overseeing new residential construction and managing rental properties. After completing her MBA in 1996, she joined CIG International (a Washington-based residential real estate investment firm) as Vice President where she conducted extensive due diligence investigations of real estate investment opportunities and oversaw ongoing investment projects. Tania became a residential real estate agent in 2006.
