What Recession? – An Old Washington Post Article About the Reserve – Published March 10, 2001
Posts Tagged ‘Reserve McLean VA
15
Nov
11
What Recession? – An Old Washington Post Article About the Reserve – Published March 10, 2001
Just Listed in the Reserve – 7686 Ballestrade Ct, McLean, Virginia 22102
The property located at 7686 Ballestrade Ct, McLean, Virginia 22102 was listed on 10/22/11 for $4,150,000.
Here is a link to the complete listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-151931858-673
Here is a link to a photo slideshow:
http://slideshow.mris.com/slideshow.cfm?ListingKey=97452738810
This property is shown by appointment only. If you have any question about this listing or would like to schedule a showing, please contact me at taniahosmer@gmail.com or 703-403-8225.
Can You Time the Market?
Historical Contract Data in the Reserve in McLean, VA 22102
Is it possible to time the market?
Recently a neighbor asked, have we missed the opportunity to list our property and get a contract/sell it this year? I based my answer on some generalizations and what we typically see in the real estate industry. Generally, we see more properties come on the market in the Spring and a peak in sales and closings in June and July of each year. However, there are 2 schools of thought. If you list a property in an “off”season like the Fall or Winter, there will be less inventory and thus less competition for properties on the market.
Many families with children prefer to buy in the summer, so they can move and settle in before the beginning of the school year. But, there are people who have to buy in the “off” months because of necessity or perceive more value in properties on the market in the “off” seasons (i.e. that property prices are lower).
So can you really time the market? What you need to do is price your home properly for current market conditions. This means that you need to consider the following:
(1) recent sales of comparable properties,
(2) sold prices of recently sold comparable properties,
(3) how long they were on the market and any price changes,
(4) comparable properties currently under contract, their list prices, any price adjustments, and how long they were on the market,
(5) comparable properties currently on the market, their list prices, any price adjustments, and how long they have been on the market,
(6) comparable properties that were taken off the market, their list prices, any price adjustments, and how long they were on the market,
(7) how many comparable properties sold in the past 6 months,
(8) how many comparable properties are currently under contract, and
(9) how many comparable properties are currently on the market.
The last 3 numbered items will tell you about the balance of the market – whether it is a buyers’ or sellers’ market.
I decided to look into it further for my neighborhood (the Reserve in McLean, VA) and see if the data supports this argument. I pulled all the historical sales data for the Reserve including the contract dates and this is what I found.
Below is a link to a pdf file containing the raw data.
Some years show peak numbers (of contracts) in the Spring, and some actually show peak numbers in the Summer, Fall and/or Winter months. Some showed no peak month. There does not seem to be any clear pattern. I don’t see any month that stands out over others with more contracts, but rather I see a pretty even distribution throughout the months of the year and a different peak month year to year. Each year is different and there is no consistency. And, of course, historical data doesn’t always predict what will happen in future years.
Based on this information, it is clear that you can not time the market and you should look at the current market conditions as outlined in the above-list.
If you have any questions about this post, the real estate market in McLean, or just want to work with a knowledgeable and experienced real estate agent, please contact me at 703-403-8225 or taniahosmer@gmailcom.
Price Reduced in the Reserve – 871 Centrillion Drive, McLean, VA 22102
The price on the residence located at 871 Centrillion Drive, McLean, Virginia 22102 in the Reserve neighborhood was reduced to $2,975,000 yesterday (Wednesday, 10/5/11). It was originally listed for sale on February 22, 2011 for $3,300,000.
This gracious southern-style colonial has a large columned balcony and is sited on an ample 1.56 acre meticulously landscaped corner lot. It is a Yeonas and Ellis New Orlean House model and was built in 2002.
The entry foyer with its dramatic black granite flooring has a wall of windows which overlooks the backyard. The main level also features a formal living room with a fireplace, an embassy-sized dining room, a study with floor-to-ceiling cherry bookshelves and paneling, a family room, a light-filled sun room with three walls of windows, a kitchen, a breakfast area and a conservatory. The well-appointed gourmet kitchen has top-of-the-line stainless steel appliances and opens to the family room with a built-in bar. The backyard features a patio, a built-in stone and brick pavilion with a ceiling fan, and a dramatic waterfall.
The upper level has a spacious master bedroom suite with a separate sitting area with a fireplace and built-in bookshelves and large his and her bathrooms and walk-in closets. There are three additional bedrooms with en suite bathrooms and a children’s study/game room on the upper level of this home.
The expansive walk-out lower level is full of wonderful living spaces including: a billiards area, a second family room with a gas fireplace, a built-in bar with a cozy seating area and a second fireplace, an au pair suite, a home gym, a sauna, and a home theatre.
It is in the Churchill Road Elementary, Cooper Middle and Langley High School Pyramid and is currently listed for $3,300,000.
Directions to the home: From 495, take the Georgetown Pike West exit, take a left on Centrillion Drive into the Reserve neighborhood. Continue on Centrillion until you reach house number 871. It is on the left hand side of the road at the corner of Centrillion and Loughran.
Here is a link to the full listing in the multiple listing service:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-150741042-92
If you would like more information about this listing or to schedule a showing of this property (or any other listing in the Reserve), please contact me at taniahosmer@gmail.com or 703-403-8225.
Just Listed in the Reserve – 896 Alvermar Ridge Drive, McLean, Virginia 22102
The property located at 896 Alvermar Ridge Drive, McLean, Virginia 22102 was listed on 9/30/11 for $4,775,000.
Here is a link to the complete listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-150531056-349
Here is a link to the virtual tour:
http://pix1.homevisit.com/mlsTour/?id=53718&skin=&ver=&fp=
This property is shown by appointment only. If you have any question about this listing or would like to see it, please feel free to contact me at taniahosmer@gmail.com or 703-403-8225.
15
Oct
11
Open House in the Reserve – Sunday, October 16, 2011 – 871 Centrillion Drive, McLean, VA 22102
Open House in the Reserve – Sunday, October 16, 2011 – 871 Centrillion Drive, McLean, VA 22102
The property located at 871 Centrillion Drive, McLean, VA 22102 in the Reserve will be open to the public from 2 – 4 pm this Sunday, October 16, 2011. It is on the market for $2,975,000.
Here is a link to the complete listing for the open house:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-151430538-232
For more detailed information about this listing, please refer to my previous post:
Directions to the home: From 495, take the Georgetown Pike West exit, take a left on Centrillion Drive into the Reserve neighborhood. Continue on Centrillion until you reach house number 871. It is on the left hand side of the road at the corner of Centrillion and Loughran.
If you would like to see this listing or any other listing in the Reserve, please feel free to contact me at TaniaHosmer@gmail.com or 703-403-8225.
Price Reduced in the Reserve – 871 Centrillion Drive, McLean, VA 22102
The price on the residence located at 871 Centrillion Drive, McLean, Virginia 22102 in the Reserve neighborhood was reduced to $2,975,000 yesterday (Wednesday, 10/5/11). It was originally listed for sale on February 22, 2011 for $3,300,000.
This gracious southern-style colonial has a large columned balcony and is sited on an ample 1.56 acre meticulously landscaped corner lot. It is a Yeonas and Ellis New Orlean House model and was built in 2002.
The entry foyer with its dramatic black granite flooring has a wall of windows which overlooks the backyard. The main level also features a formal living room with a fireplace, an embassy-sized dining room, a study with floor-to-ceiling cherry bookshelves and paneling, a family room, a light-filled sun room with three walls of windows, a kitchen, a breakfast area and a conservatory. The well-appointed gourmet kitchen has top-of-the-line stainless steel appliances and opens to the family room with a built-in bar. The backyard features a patio, a built-in stone and brick pavilion with a ceiling fan, and a dramatic waterfall.
The upper level has a spacious master bedroom suite with a separate sitting area with a fireplace and built-in bookshelves and large his and her bathrooms and walk-in closets. There are three additional bedrooms with en suite bathrooms and a children’s study/game room on the upper level of this home.
The expansive walk-out lower level is full of wonderful living spaces including: a billiards area, a second family room with a gas fireplace, a built-in bar with a cozy seating area and a second fireplace, an au pair suite, a home gym, a sauna, and a home theatre.
It is in the Churchill Road Elementary, Cooper Middle and Langley High School Pyramid and is currently listed for $3,300,000.
Directions to the home: From 495, take the Georgetown Pike West exit, take a left on Centrillion Drive into the Reserve neighborhood. Continue on Centrillion until you reach house number 871. It is on the left hand side of the road at the corner of Centrillion and Loughran.
Here is a link to the full listing in the multiple listing service:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-150741042-92
If you would like more information about this listing or to schedule a showing of this property (or any other listing in the Reserve), please contact me at tania@hbgroup.us or 703-403-8225.
Just Sold in the Reserve – 872 Centrillion Drive, McLean, Virginia 22102
The property located at 872 Centrillion Drive, McLean, VA 22102 settled on September 29, 2011, for $2,620,000 with no subsidy. It was listed 0n 8/12/11 for $2,825,000 and went under contract on 8/23/11 after 12 days on the market.
Here is a link to the virtual tour for this property:
http://pix1.homevisit.com/mlsTour/?id=53403&skin=&ver=&fp=
Here is a link to the full listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-150531398-601
If you have any question about this or any other listing in the Reserve, please feel free to contact me at taniahosmer@gmail.com or 703-403-8225.
Just Listed in the Reserve – 896 Alvermar Ridge Drive, McLean, Virginia 22102
The property located at 896 Alvermar Ridge Drive, McLean, Virginia 22102 was listed on 9/30/11 for $4,775,000.
Here is a link to the complete listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-150531056-349
Here is a link to the virtual tour:
http://pix1.homevisit.com/mlsTour/?id=53718&skin=&ver=&fp=
This property is shown by appointment only. If you have any question about this listing or would like to see it, please feel free to contact me at taniahosmer@gmail.com or 703-403-8225.
Price Reduced in the Reserve – 7820 Loughran Road, McLean, Virginia 22102
The price for the property located at 7820 Loughran Road Drive, McLean, Virginia 22102 was reduced to $2,350,000 yesterday (Tuesday, September 27, 2011). It was originally listed on 6/2/09 for $2,700,000, then reduced to $2,490,000 on 8/11/10. It has been on the market for 846 days.
Here is a link to the full listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1582934X2DOF&p=DE-150132657-992
If you have any question about this or any other listing in the Reserve, feel free to contact me at taniahosmer@gmail.com.
Reserve Real Estate News 