Posts Tagged ‘real estate market statistics

13
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 housing market in McLean, VA, please contact Tania at TaniaHosmer@gmail.com or 703-403-8225.
25
Jan
13

December Market Statistics for McLean, VA 22102

December Market Statistics for McLean, Virginia 22102

Statistic Values YoY MoM
Total Sold Dollar Volume $22,484,729 44.81% -25.63%
Closed Sales 22 29.41% -42.11%
Median Sold Price $835,750 73.39% 85.11%
Avg Sold Price $1,022,033 11.90% 28.45%
Avg Days on Market            97 days 16.87% 44.78%
Avg Sold to Orig List Ratio 97.50% 7.05% 2.98%

Inventory    
  Dec-12 Dec-11 % Change
Active Listings 64 77 -16.88%
New Listings 16 14 14.29%
New Under Contracts 10 6 66.67%
New Contingents 10 12 -16.67%
New Pendings 20 18 11.11%
All Pendings 37 39 -5.13%

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

07
Jun
12

Market Statistics – McLean, Virginia 22102 – April 2012

Market Statistics – McLean, Virginia 22102 – April 2012

Inventory Oct-12 Oct-11  % Change
Active Listings 121 131 -7.63%
New Listings 51 55 -7.27%
New Under Contracts 10 16 -37.50%
New Contingents 23 22 4.55%
New Pendings 33 38 -13.16%
Total Pendings 56 53 5.66%

Statistic Values YoY MoM
Total Sold Dollar Volume $10,203,350 -47.12% -58.71%
Closed Sales 14 -33.33% -44%
Median Sold Price $683,425 -17.66% +84.71%
Average Sold Price $728,811 -20.68% -26.27%
Average Days on Market 40 days -57.89% -52.94%
Avg Sold to Orig List Ratio 95.85% +3.8% +2.65%
07
Jan
12

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

State of the Real Estate Market or McLean, VA 22102

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 22102 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’ 21 3 18 or 85.71% 4
$900,000-$1,199,999 Sellers’ 17 6 11 or 64.71% 12
$1,200,000-$1,499,999 Sellers’ 11 9 2 or 18.18% 9
$1,500,000-$1,999,999 Sellers’ 15 10 5 or 33.33% 11
$2,000,000-$2,499,999 Sellers’ 10 5 5 or 50.00% 4
$2,500,000-$2,999,999 Strong Buyers’ 3 12 -9 or -300.00% 8
$3,000,000+ Buyers’ 7 17 -10 or -142.86% 9

Summary of Zip Code 22102

  • $700,000 – $899,999Sellers’ Market. The number of sold properties combined with the number of under contract listings is 7 times the number of homes currently on the market (active listings).  If you factor in the properties that were withdrawn from the market or expired listings, there are still 3 times the number of active listings as sold properties plus under contract properties.
  • $900,000 – $1,199,999Sellers’ Market.  If you factor in the properties that were withdrawn from the market and listings that expired, this price range is balanced.
  • $1,200,000 – $1,499,999Sellers’ Market.  But, this price range is very close to a balanced market (without factoring in the withdrawn and expired listings).  If you factor in the properties that were withdrawn from the market and listings that expired, this price range shifts from a sellers’ market to a buyers’ market.
  • $1,500,000 – $1,999,999Sellers’ Market.  If you factor in the number of properties that were withdrawn from the market and listings allowed to expire, this price range becomes a buyers’ market.
  • $2,00,000 – $2,499,999 Sellers’ Market.  The number of properties sold between 6/30/11 and 12/31/11 plus the number of properties currently under contract is twice the number of homes currently for sale.
  • $2,500,000 – $2,999,999Strong Buyers’ Market.  The number of homes listed for sale is 4 times the number of homes sold between 6/30/11 and 12/31/11 combined with the number of properties currently under contract.
  • $3,000,000 and upBuyers’ Market.  The number of homes currently listed for sale is more than twice the number of homes sold between 6/30/11 and 12/31/11 plus the number of homes currently under contract.

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.

24
Oct
11

Market Statistics – McLean VA 22102 – September 2011

Market Statistics – McLean VA 22102 – September 2011

Statistic Values YoY MoM
Total Sold Dollar Volume $21,351,500 +34.1% +0.16%
Closed Sales 29 +31.82% +3.57%
Median Sold Price $612,000 +52.05% +53%
Avg Sold Price $736,259 +1.73% -3.3%
Avg Days on Market 38 days -11.63% -62.75%
Avg Sold to Orig List Ratio 95.49% +2.42% +2.03%

Inventory
Sep-11 Sep-10   % Change
Active Listings 115 153 -24.84%
New Listings 39 42 -7.40%
New Under Contracts 9 8 12.50%
New Contingents 15 16 -6.25%
New Pendings 24 24 0.00%
Total Pendings 33 42 -21.43%

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.




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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