Posts Tagged ‘McLean Virginia

23
Mar
11

McLean, Virginia 22102 Market Analysis – 9/22/10 – 3/22/11

McLean 22102 Market Analysis

(9/22/10-3/22/11)

The table and chart below 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 9/22/10 – 3/22/11.  If you click on either the table or chart, you will get an enlarged view.

Based on the balance, the market can be characterized 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)

22102 Summary

  • $700,000 – $1,199,999 – Sellers’ Market.   If you factor in the withdrawn and expired listings, this range is closer to balanced.
  • $1,200,000 – $2,499,999 – Buyers’ Market (without factoring in the withdrawn and expired listings)
  • $2,500,000 + – Strong Buyers’ Market
  • $2,500,000 – $2,999,999 – There are 4 times the number of active listings as sold and under contract listings.
  • $3,000,000 and up – There are 3 times the number of active listings as sold and under contract listings.

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

22
Jul
10

Settlement Scheduled – 7681 Ballestrade Court

Settlement Scheduled – 7681 Ballestrade Court

The property located at 7681 Ballestrade Court, McLean, Virginia 22102 in the Reserve neighborhood has been scheduled for settlement on Tuesday, August 3, 2010.  It was listed for $4,170,000 (after one price reduction) and went under contract on June 27, 2010 after 118 days on the market.  I will post the sales price once it settles.

Here is a link to the full listings for the property:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-117891421-805

Here is a link to my previous post about the property which includes a photo gallery:

https://reserverealestatenews.com/2010/03/29/featured-listing-7681-ballestrade-court/

If you have any questions about this listing or any other listing in the Reserve, please feel free to call me at 703-403-8225.

10
Jul
10

New Listing in the Reserve – 1017 Founders Ridge

New Listing in the Reserve – 1017 Founders Ridge

The property located at 1017 Founders Ridge Drive, McLean, Virginia 22102 in the Reserve neighborhood went on the market Friday, July 9.  The home is owned by its original owners Al and Sam Hall who built the home in 2003.  The property sits on a corner lot with beautiful landscaping that is partially maintained by the homeowners association.  It is listed for $4,850,000.

Below is a link to the full listing:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-116698928-406

If you have any questions about this listing or any other listing in the Reserve, please contact me at taniahosmer@gmail.com.

03
Jul
10

Market Conditions in the Reserve in McLean, VA as of 6/30/10

Market Conditions in the Reserve in McLean, VA as of 6/30/10

Properties in the Reserve are selling more readily than properties in 22102 outside of the Reserve neighborhood in the same price range.

As of 6/30/10, 7 properties were listed for sale in the Reserve.  There have been 3 sales in the past 6 months in the Reserve and there are currently 3 properties under contract.

This means that the supply and demand for properties in the Reserve are about equal or “balanced”.  The demand is the number of sold properties plus the number currently under contract (3+3).  The supply is the number of properties currently on the market (7).

Attached is a pdf file which shows more detailed information about these listings.  Here is the link to that file:

Reserve Market as of 063010

One of the “under contract” properties – 1026 Founders Ridge Lane – went on the market on 6/17/10 for $3,695,000 and went under contract in 8 days.

I will post the sales price of the under contract properties once they settle.

In contrast, in the postal code area of 22102 overall excluding the properties in the Reserve, 37 properties are listed for sale for $2,400,000+, with 3 under contract and 4 sold.  Thus, the supply is more than 5 times the demand, i.e. not balanced.

A pdf file with more detailed information on these listings is also attached.  Here is a link to that file:

22102 $2.4M+ Market Outside Reserve

Clearly, at the present time, properties in the Reserve are selling more easily than properties in 22102 outside of the Reserve neighborhood in the same price range ($2,400,000+).

If you have any questions about this or any other post, please contact me at tania@hbgroup.us.

02
Jul
10

New Listing – 936 Dominion Reserve Drive

New Listing – 936 Dominion Reserve Drive

The property located at 936 Dominion Reserve Drive, McLean, Virginia 22102 was listed on July 1, 2010 for $2,850,000.  The house was built by Basheer and Edgemoore in 2001 and is an expanded Fallswood model.  There is no sign on the property.

Below is a link to the complete listing:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-115953423-357

If you have any questions about this listing or any other listing in the Reserve, please contact me at tania@hbgroup.us.

02
Jul
10

928 Dominion Reserve Drive – Price Reduction

928 Dominion Reserve Drive – Price Reduction

The list price of the property located at 928 Dominion Reserve Drive, McLean, Virginia  22102 in the Reserve neighborhood was reduced from $2,995,000 to $2,895,637 on July 1, 2010.  It has been on the market for 43 days.

Here is a link to the complete listing:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-115952740-812

If you have any questions about this listing or any other listing in the Reserve, please contact me at tania@hbgroup.us.

01
Jul
10

New Listing in the Reserve – 1012 Founders Ridge Ln

New Listing in the Reserve – 1012 Founders Ridge Ln

The property located at 1012 Founder Ridge Ln, McLean, VA 22102 in the Reserve neighborhood went on the market on 6/25/10 for $6,750,000.  There is no sign on the property.

Below is a link to the full listing:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-115843154-828

If you would like to visit this listing or any other listing in the Reserve, please feel free 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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Tania’s Contact Information:

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

Disclaimer:

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

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