Market Analysis Comparison for 22102 (McLean, VA)

for the Past Three Quarters

I compared my last three market analyses for 22102 for the quarters ending 9/30/09, 12/31/09 and 3/31/10 and compiled the data first into a table, then charted the data. I have attached the resulting table and chart in a pdf file. The file has the comparison table and the tables from the past three quarters and also the chart of the data.

Please refer to the link below:

22102 Comparison

Summary of 22102 Comparison

$700,000 – $899,999 – between the third quarter of 2009 and the fourth quarter of 2009, this range stayed a sellers’ market, but became a weaker sellers’ market. Between the fourth quarter of 2009 and the first quarter of 2010, this range became an even weaker sellers’ market.
$900,000 – $1,199,999 – between the third quarter of 2009 and the fourth quarter of 2009, this range switched from a buyers’ market to a sellers’ market. Between the fourth quarter of 2009 and the first quarter of 2010, this range became a stronger sellers’ market.
$1,200,000 – $1,499,999 – between the third quarter of 2009 and the fourth quarter of 2009, this range switched from a buyers’ market to a balanced market. Between the fourth quarter of 2009 and the first quarter of 2010, this range stayed a balanced market.
$1,500,000 – $1,999,999 – between the third quarter of 2009 and the fourth quarter of 2009, this range stayed a buyers’ market, but became a stronger buyers’ market. Between the fourth quarter of 2009 and the first quarter of 2010, this range became a slightly stronger buyers’ market.
$2,000,000 – $2,499,999 – between the third quarter of 2009 and the fourth quarter of 2009, this range stayed a buyers’ market, but became a slightly stronger buyers’ market. Between the fourth quarter of 2009 and the first quarter of 2010, this range stayed a buyers’ market, but became a strong buyers’ market.
$2,500,000 – $2,999,999 – between the third quarter of 2009 and the fourth quarter of 2009, this range switched from a buyers’ market to a strong buyers’ market. Between the fourth quarter of 2009 and the first quarter of 2010, this range became an even stronger buyers’ market.
$3,000,000+ – between the third quarter of 2009 and the fourth quarter of 2009, this range stayed a strong buyers’ market, but weakened a little. Between the fourth quarter of 2009 and the first quarter of 2010, this range became a stronger buyers’ market.

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 tania@hbgroup.us.

Tania Hosmer

Tania grew up in Northern Virginia and is a life long resident of the area. She has lived in the Reserve in McLean, Virginia with her husband and 2 children since 2001. Tania and her husband Jim purchased their lot in Section 1 of the Reserve in June of 1999 and built their home in the following 18 months. 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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