25
Jan
15

State of the McLean VA 22102 Housing Market — July 1, 2014 to December 31, 2014 — Text Summary

State of the McLean VA 22102 Housing Market – July 1, 2014 to December 31, 2014 — Text Summary

  • $700,000 – $899,999Sellers’ Market. The number of homes sold between 7/1/14 and 12/31/14 combined with the number of under contract listings is more than three times the number of homes currently listed for sale (active listings). If the 5 homes that were withdrawn from the market or allowed to expire were put back on the market, the number of sold properties plus under contract properties would still be 50% more than the number of active listings and this price range would remain a sellers’ market.
  • $900,000 – $1,199,999Sellers’ Market. The number of properties sold between 7/1/14 and 12/31/14 combined with the number of under contract homes is 5 times the number of homes currently on the market for sale. If you factor in the 10 properties that were withdrawn from the market or allowed to expire, there would still be 30% more sold plus under contract properties as active listings and this price range would stay a sellers’ market.
  • $1,200,000 – $1,499,999Sellers’ Market. The number of properties sold between 7/1/14 and 12/31/14 combined with the number of under contract listings is more than the number of homes for sale. If you factor in the 10 homes that were withdrawn from the market and listings that expired, the number of active listings would be 50% more than the number of sold properties plus under contract properties and this price range would become a buyers’ market.
  • $1,500,000 – $1,999,999Sellers’ Market. The number of properties sold between 7/1/14 and 12/31/14 combined with the number of under contract listings is 55% more than the number of homes for sale. If you factor in the 17 homes that were withdrawn from the market or expired, this price range becomes a buyers’ market.
  • $2,000,000 – $2,499,999Sellers’ Market. The number of properties listed for sale is slightly less than the number of homes that sold between 7/1/14 and 12/31/14 combined with the number of properties currently under contract. This price range is close to balanced. If you factor in the 11 properties that were withdrawn from the market and listings that expired, the number of active listings would be three times the number of sold plus under contract properties and this price range would become a buyers’ market.
  • $2,500,000 – $2,999,999Sellers’ Market. The number of homes listed for sale is only 2/3 the number of homes sold between 7/1/14 and 12/31/14 combined with the number of properties currently under contract. If the 3 homes that were withdrawn from the market in this price range between 9/30/12 and 12/31/14 went back on the market, the number of homes listed for sale would equal the number of sold plus under contract listings and this price range would become balanced.
  • $3,000,000 and upBuyers’ Market. The number of homes currently listed for sale is almost 3 times the number of homes sold between 7/1/14 and 12/31/14 plus the number of homes currently under contract. If you factor in the 14 properties that were withdrawn from the market and listings that expired, the number of homes on the market would be almost 5 times the number of sold homes combined with properties currently under contract and it would become an even stronger buyers’ market.

Note: All of the numbers for the withdrawn and expired listings were cross referenced against currently active listings, sold listings and under contract listings.  If they were listed in another category, they were excluded from the numbers and thus not accounted for more than once.

If you have any questions about any of this housing market data or the McLean Housing market, please do not hesitate to contact Tania at 703 403-8225 or taniahosmer@gmail.co


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“it’s not your father’s real estate market anymore” ®

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.

Contact Information:

Tania Hosmer
Keller Williams Realty
6820 Elm Street, Suite 100
McLean, Virginia 22101
cell: 703-403-8225
email: taniahosmer@gmail.com
website: www.taniahosmer.com

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Disclaimer:

If your home is currently listed with another broker, this is not intended as a solicitation of that listing.

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