State of the Real Estate for McLean, VA 22101 – Quarter End 12/31/11

State of the Real Estate Market for McLean, VA 22101

Quarter End 12/31/11

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, VA 22101 by price range for the period from 6/30/11 – 12/31/11.

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 markets can be characterized in one of 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)




		Solds +					Expireds +
		Contracts					Withdrawns
	Type of	(6/30/11-	Active				(6/30/11-
List Price Range	Market	12/31/11)	Listings	Difference			12/31/11)
$700,000-$899,999	Sellers’	62	14	48	or	77.42%	25
$900,000-$1,199,999	Sellers’	40	12	28	or	70.00%	19
$1,200,000-$1,499,999	Sellers’	24	15	9	or	37.50%	12
$1,500,000-$1,999,999	Buyers’	24	33	-9	or	-37.50%	15
$2,000,000-$2,499,999	Buyers’	5	12	-7	or	-140.00%	9
$2,500,000-$2,999,999	Balanced	5	5	0	or	0.00%	4
$3,000,000+	Strong Buyers’	4	22	-18	or	-450.00%	2

Summary of 22101

$700,000-$899,999 – Sellers’ Market. There are more than 4 times as many sold plus under contract listings as active listings. If you factor in the expired and withdrawn listings, there are still twice as many sold properties plus under contract properties as currently listed properties and this price range is still a sellers’ market.
$900,000 – $1,199,999 – Sellers’ Market. There are more than 3 times as many sold plus under contract properties as currently listed properties. If you factor in the withdrawn and expired listings, this price range is still a sellers’ market.
$1,500,000 – $1,999,999 – Buyers’ Market. The nuber of active listings is greater than the number of sold plus under contract listings combined. If you factor in the withdrawn and expired properties, this price range would be a stronger buyers’ market.
$2,000,000 – $2,499,999 – Buyers’ Market. There are twice as many properties currently on the market as sold plus under contract properties.
$2,500,000 – $2,999,999 – Balanced Market. There is an equal number of active listings as sold and under contract listings combined. If you factor in the withdrawn and expired listings, this price range would shift to a buyers’ market.
$3,000,000 and up – Buyers’ Market. There are 5 times the number of active listings as sold and under contract listings combined. The nubmer of withdrawn listings would not significantly impact the balance.

If you would like to dicsuss the trends in the McLean-Great Falls real estate market, please don’t hesitate to contact me at TaniaHosmer@gmail.com.

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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