Posts Tagged ‘real estate market trends

20
Feb
13

January Housing Market Statistics for McLean, Virginia 22102

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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.
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22
Dec
12

November Market Statistics for McLean, VA 22101 and 22102

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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

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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

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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

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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%

 

 

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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

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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

By Tania Hosmer 1 Comment
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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

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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.

06
Jan
12

State of the Real Estate Market for Great Falls, VA 22066 – Quarter End 12/31/11

By Tania Hosmer 1 Comment
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State of the Real Estate Market for Great Falls, VA 22066

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 Great Falls, VA 22066 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)

Table 1
Market Analysis for 22066   (6/30/11 – 12/31/11)
 
  Solds + Expireds +
Contracts Withdrawns
Zip Type of (6/30/11- Active (6/30/11-
code List Price Range Market 12/31/11) Listings Difference 12/31/11)
22066 $700,000-$899,999 Sellers’ 31 15 16 or 51.61% 18
22066 $900,000-$1,199,999 Sellers’ 32 12 20 or 62.50% 26
22066 $1,200,000-$1,499,999 Balanced 20 21 -1 or -5.00% 27
22066 $1,500,000-$1,999,999 Buyers’ 17 20 -3 or -17.65% 18
22066 $2,000,000-$2,499,999 Balanced 8 8 0 or 0.00% 6
22066 $2,500,000-$2,999,999 Buyers’ 4 9 -5 or -125.00% 2
22066 $3,000,000+ Strong Buyers’ 3 13 -10 or -333.33% 9

Summary of 22066

  • $700,000 – $1,199,999 – Sellers’ Market.  There are twice as many sold plus under contract properties as currently listed properties.  However, there are as many withdrawn and expired listings as currently listed properties, so if you factor in the withdrawn and expired properties, this price range would be balanced
  • $1,200,000 – $1,499,999 – Balanced Market.  However, if you factor in the withdrawn and expired listings, this price range would be a sellers’ market.
  • $1,500,000 – $1,999,999 – Buyers’ Market.  However, it is close to a balanced market.  If you factor in the withdrawn and expired listings, this range would be a stronger buyers’ market.
  • $2,000,000 – $2,499,999 – Balanced.  However, if you factor in the withdrawn and expired listings, this range would be a buyers’ market.
  • $2,500,000 – $2,999,999 – Buyers’ Market.  There are twice as many active listings as sold plus under contract listings.
  • $3,000,000 and up – Strong Buyers’ Market.  There are 4 times as many active listings as sold plus contract properties.

If you have any questions about 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

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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.

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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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