Market Analysis Comparison for Great Falls, VA 22066 – Quarter End 3/31/10 vs. Quarter End 3/31/11

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:

$700,000 – $899,999
$2,000,000 – $2,499,999

The following prices ranges changed:

$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The number of withdrawn listings in the $700,000 – $899,999 price range increased from 6 to 15 which indicates that more sellers are not getting the prices that they expect for their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The number of withdrawn listings in the $1,500,000 – $1,999,999 price range decreased from 13 to 8 which indicates that more sellers are getting the prices that they expect for their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.

Tania Hosmer

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.

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