Posts Tagged ‘housing market trends



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%
24
Aug
12

July Market Statistics – McLean VA 22101

McLean Real Estate News

StatisticValuesYoYMoM
Total Sold Dollar Volume$39,914,294+14.48%-37.95%
Closed Sales38+2.7%-34.48%
Median Sold Price$823,500+1.79%-11.55%
Avg Sold Price$1,050,376+11.47%-5.3%
Avg Days on Market68 days+11.48%-20.93%
Avg Sold to Orig List Ratio97.92%+2.82%+1.36%
 
 
 
 
Inventory
Jul-12Jul-11%Change
Active Listings144165-12.73%
New Listings5463-14.29%
New Under Contracts1011-9.09%
New Contingents332626.92%
New Pendings433716.22%
All Pendings665324.53%

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07
Jan
12

State of the Real Estate Market for McLean, VA 22102 – Quarter End 12/31/11

State of the Real Estate Market for McLean, VA 22102

Quarter End 12/31/11

Please refer to the following link for my market analysis of McLean, Virginig 22102 for the quarter ending 12/31/11.

http://reserverealestatenews.com/2012/01/07/market-analysis-comparison-for-22102-mclean-va-2/

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

06
Jan
12

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.

02
Dec
11

Real Estate Trends in McLean, Virginia 22102

Real Estate Trends in McLean, Virginia 22102

For Sale

There were close to 22% fewer properties listed for sale in October 2011 (111) as compared to October 2010 (142).  In October 2011, 25 condominiums, 85 detached homes and 1 town home were listed for sale in McLean, VA 22102.  However, there were 28% more new listings (32) in October 2011 versus October 2010 (25).

Contracts

There were more new contracts in October 2011 (26) versus October 2010 (21).  However, the total number of outstanding pending contracts in October 2011 (39) was 9% less than October 2010 (43).

Solds

A total of fourteen (14) homes sold in October 2011, down more than 33% from the same time last year and down more than 50% from September 2011.  Eight (8) condominiums sold in October 2011 while only 4 single family homes and 2 town homes sold during the month of October.  In October of 2010, a total of 21 homes sold (13 condos, 7 single family and 1 town home).

Sold Prices

Average sold prices for detached homes were up over 11% from $1,881,429 in October 2010 to $2,105,100 in October 2011, average sold prices for town homes were also up close to 17% from $575,000 in October of 2010 to $672,500 in October 2011, and average sold prices for condominiums were down almost 12% from $293,608 in October 2010 to $259,938 in October 2011.  The ratio of sold price to original list price stayed stable at close to 93% in October 2011, or unchanged from October 2010.

Days on Market

Average days on the market were up 100% from 38 in September 2011 to 76 in October 2011 and down over 51% from 156 in October 2010 to 76 in October 2011.

24
Oct
11

Market Statistics – McLean VA 22101 – September 2011

Market Statistics – September 2011 – McLean, VA 22101

Statistic Values YoY MoM
Total Sold Dollar Volume $34,333,195 +83.2% -29.28%
Closed Sales 34 +88.89% -22.73%
Median Sold Price $837,000 -17.13% -11.19%
Avg Sold Price $1,009,800 -3.01% -8.48%
Avg Days on Market 58 days +28.89% -12.12%
Avg Sold to Orig List Ratio 94.2% +1.68% -1.16%

Inventory
Sep-11 Sep-10   % Change
Active Listings 187 167 11.98%
New Listings 77 49 57.14%
New Under Contracts 7 12 -41.67%
New Contingents 23 14 64.29%
New Pendings 30 26 15.38%
Total Pendings 40 50 -20%

If you have any questions about these statistics, 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.

10
Oct
11

Market Statistics – McLean VA 22102 – August 2011

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.

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.




“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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