Posts Tagged ‘housing market trends in McLean Virginia 22102

20
Feb
13

January Housing Market Statistics for McLean, Virginia 22102

January Housing Market Statistics for McLean, Virginia 22102

Statistics for McLean, Virginia 22102
Values YOY MoM
Total Sold Dollar Volume $26,458,510 +34% +18%
Closed Sales                 25 39% +14%
Median Sold Price       $610,000 -33% – 27%
Avg Sold Price    $1,058,340 –  4% +  3.5%
Avg Days on Market     112 days -19% +15.5%
Avg Sold to Orig List Ratio       94.65% + 8%   – 3%
Inventory   22102
13-Jan 12-Jan %  Change
Active   Listings
65 86 -24%
New Listings 45 33 36%
New Under Contracts 16 5 220%
New Contingents 19 10 90%
New Pendings 35 15 133%
All Pendings 45 34 32%
For more information on the McLean VA Housing Market, please contact Tania at TaniaHosmer@gmail.com or 703-403-8225.
22
Dec
12

November Market Statistics for McLean, VA 22101 and 22102

November Market Statistics for McLean, Virginia 22101 and 22102

McLean, Virginia 22101

Statistic  Values  YoY MoM
Total Sold Dollar Volume $39,912,456 29.06% 78.61%
Closed Sales 38 52% 65.22%
Median Sold Price $901,500 7.07% 9.94%
Avg Sold Price $1,050,328 -15.09% 8.11%
Avg Days on Market 57 -25% 5.56%
Avg Sold to Orig List Ratio 96.35% 0.28% 2.09%

cart 22101

Inventory
November 2012 November 2011 % Change
Active Listings 123 143 -13.99%
New Listings 46 28 64.29%
New Under Contracts 11 12 -8.33%
New Contingents 26 17 52.94%
New Pendings 37 29 27.59%
All Pendings 56 50 12.00%

McLean, Virginia 22102

Statistic Values YoY MoM
Total Sold Dollar Volume $30,235,555 67.30% 94.15%
Closed Sales 38 40.74% 46.15%
Median Sold Price $451,500 11.90% 16.07%
Avg Sold Price $795,673 18.87% 32.84%
Avg Days on Market          67 days 15.52% -22.99%
Avg Sold to Orig List Ratio 94.68% -0.38% -1.90%

chart 22102 agian

Inventory
November 2012 November 2011 % Change
Active Listings 75 91 -17.58%
New Listings 23 32 -28.13%
New Under Contracts 6 12 -50.00%
New Contingents 19 20 -5.00%
New Pendings 25 32 -21.88%
All Pendings 42 46 -8.70%

For more information pertaining to the McLean, Virginia real estate market, please contact Tania Hosmer at TaniaHosmer@gmail.com or (703) 403-8225

21
Nov
12

October Market Statistics for McLean, VA 22101 and 22102

October Market Statistics for McLean, Virginia 22101 and 22102

McLean, Virginia 22101

Statistic Values YoY MoM
Total Sold Dollar Volume $22,345,800 -19.46% -46.93%
Closed Sales 23 -8.% -23.33%
Median Sold Price $820,000 +17.99% -12.53%
Average Sold Price $971,557 -12.45% -30.78%
Average Days on Market 54 days +35% -40.66%
Average Sold to Original List Ratio 94.38% -1.67% +0.05%

Inventory      
  October 2012 October 2011 % Change
Active Listings 133 179 -25.70%
New Listings 42 54 -22.22%
New Under Contracts 10 10 0.00%
New Contingents 35 24 45.83%
New Pendings 45 34 32.35%
All Pendings 63 46 36.96%

McLean, Virginia 22102

Statistic Values YoY MoM
Total Sold Dollar Volume $15,573,689 +31.48% +12.43%
Closed Sales 26 +85.71% +18.18%
Median Sold Price $389,000 +12.75% -33.79%
Average Sold Price $598,988 -29.2% -25.9%
Average Days on Market 87 days +14.47% +67.31%
Average Sold to Original List Ratio 96.51% +3.98% -0.4%

Inventory      
  October 2012 October 2011 % Change
Active Listings 85 111 -23.42%
New Listings 28 32 -12.50%
New Under Contracts 21 11 90.91%
New Contingents 16 15 6.67%
New Pendings 37 26 42.31%
All Pendings 56 39 43.59%

For more information pertaining to the McLean, Virginia real estate market, please contact Tania Hosmer at TaniaHosmer@gmail.com or (703) 403-8225

12
Oct
12

September Market Statistics for McLean, VA 22101 & 22102

September Market Statistics for McLean, Virginia 22101 & 22102

September Market Statistics for 22101

Statistic Values YoY MoM
Total Sold Dollar Volume $42,109,902 +22.65% -13.9%
Closed Sales 30 -11.76% -25%
Median Sold Price $937,500 +12.01% +15.74%
Average Sold Price $1,403,663 +39% +14.8%
Average Days on Market 91 Days +56.9% +42.19%
Average Sold to Original List Ratio 94.33% 0.14% -1.33%

Inventory      
  Sept 2012 Sept 2011 % Change
Active Listings 155 187 -16.58%
New Listings 69 77 -10.39%
New Under Contracts 6 7 -14.29%
New Contingents 27 23 17.39%
New Pendings 33 30 10.00%
All Pendings 47 40 17.50%

September Market Statistics for 22102

Statistic Values YoY MoM
Total Sold Dollar Volume $17,784,100 -16.71% -40.48%
Closed Sales 22 -24.14% -35.29%
Median Sold Price $587,500 -4% -32.1%
Average Sold Price $808,368 +9.79% -8.02%
Average Days on Market 52 Days +36.84% +13.04%
Average Sold to Original List Ratio 96.9% +1.48% +1.8%

Inventory      
  Sept 2012 Sept 2011 % Change
Active Listings 108 115 -6.09%
New Listings 41 39 5.13%
New Under Contracts 10 9 11.11%
New Contingents 19 15 26.67%
New Pendings 29 24 20.83%
All Pendings 47 33 42.42%

For more information on the McLean and Great Falls markets, please contact Tania Hosmer at TaniaHosmer@gmail.com or (703) 403-8225.

13
Sep
12

August Market Statistics for McLean, VA 22101 and 22102

August Market Statistics for McLean, Virginia 22101

Statistic Values YoY MoM
Total Sold Dollar Volume $48,910,000 +0.75% +22.54%
Closed Sales 40 -0.09% +5.26%
Median Sold Price $810,000 -14.06% -1.64%
Average Sold Price $1,222,750 +10.82% +16.41%
Average Days on Market 64 days -3.03% -5.88%
Average Sold to Original List Ratio 95.6% +0.3% -2.37%

 

 

Inventory      
  August 2012 August 2011 % Change
Active Listings 148 168 -11.90%
New Listings 55 59 -6.78%
New Under Contracts 12 21 -42.86%
New Contingents 18 18 0.00%
New Pendings 30 39 -23.08%
All Pendings 48 47 2.13%

August Market Statistics for McLean, Virginia 22102

Statistic Values YoY MoM
Total Sold Dollar Volume $29,880,888 +40.17% +3.9%
Closed Sales 34 +21.43% +6.26%
Median Sold Price $865,250 +116.31% +6.49%
Average Sold Price $878,850 +15.43% -2.21%
Average Days on Market 46 days -54.9% -19.3%
Average Sold to Original List Ratio 95.19% +1.71% -0.21%

 

 

B

Inventory      
  August 2012 August 2011 % Change
Active Listings 109 122 -10.66%
New Listings 37 42 -11.90%
New Under Contracts 15 17 -11.76%
New Contingents 13 16 -18.75%
New Pendings 28 33 -15.15%
All Pendings 42 45 -6.67%
21
Sep
11

State of the Real Estate Market of McLean, VA 22102 – Quarter End 6/30/11

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

  • $700,000 – $899,999 – Sellers’ Market. There are over 4 times the number of sold plus under contract listings as the number of active listings.
  • $900,000 – $1,199,999 – Sellers’ Market. If you factor in the withdrawn and expired listings, this range is closer to balanced.
  • $1,200,000 – $1,499,999 – Sellers’ Market, but very close to a balanced market (without factoring in the withdrawn and expired listings). 
  • $1,500,000 – $1,999,999 – Balanced Market.  There is an equal number of active listings as sold and under contract listings combined.  If you factor in the number of withdrawn and expired listings, this range would become a sellers’ market.
  • $2,000,000 – $2,499,999 – Buyers’ Market.  There are 3 times the number of active listings as sold and under contract listings combined.
  • $2,500,000 – $2,999,999 – Strong Buyers’ Market.  There are more than 5 times the number of active listings as sold and under contract listings combined.
  • $3,000,000 and up – Buyers’ Market.  There are more than 3 times the number of active listings as sold and under contract listings combined.

If you have any questions about the McLean-Great Falls real estate market, please don’t hesitate to contact me at taniahosmer@gmail.com.

21
Jun
11

McLean, VA 22102 Housing Market – Comparative Analysis – Quarter End 3/31/10 vs. Quarter End 3/31/11

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

  • $700,000 – $1,199,999 – between the first quarter of 2010 and the first quarter of 2011, this range stayed relatively stable as a sellers’ market.
  • $1,200,000 – $1,499,999 – between the first quarter of 2010 and the first quarter of 2011, this range stayed relatively stable as a balanced market.
  • $1,500,000 – $1,999,999 – between the first quarter of 2010 and the first quarter of 2011, this range stayed relatively stable as a buyers’ market.
  • $2,000,000-$2,499,999 – between the first quarter of 2010 and the first quarter of 2011, this range became a weaker buyers’ market, or better for sellers.
  • $2,500,000 – $2,999,999 – between the first quarter of 2010 and the first quarter of 2011, this range stayed relatively stable as a strong buyers’ market.
  • $3,000,000+ – between the first quarter of 2010 and the first quarter of 2011, this range became a weaker buyers’ market, or better for sellers’.

Please refer to my previous post for the quarter end 3/31/10:

https://mcleanrealestate.wordpress.com/2010/06/08/first-quarter-2010-market-analysis-for-mclean-great-falls/

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.




“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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