Posts filed under McLean Real Estate Market
1 week, 2 days ago
While the median list and the median sold prices continued to slide down when compared to the past five July's, overall last month's condos sales were consistent with previous years. The 14 that s...
4 weeks, 2 days ago
Looking at the data from July 2010 and comparing it to the previous five July's shows that market for townhouses softened in McLean last month. Only eight townhouses traded hands in July, compar...
on 08/02/10
McLean's median list ($1,099,000) and median sold ($1,020,000) prices in July 2010 were significantly higher than July 2009 and closer to prices prior to the market downturn. The 45 single family ...
on 07/31/10
McLean's condos only stayed on the market a blistering 17 days from January-June 2010, the fewest by far compared to the previous five first-half of the years. The 95 sold in the first half of 201...
on 07/30/10
McLean's townhouse median list price ($659,500) and median sold price ($635,000) in the 1st half of 2010 continued a steady 1st half of the year decline since 2006. Each 1st half of the year since...
on 07/29/10
Single family home sales in McLean for the first half of 2010 were very strong. In fact, the 25 median days on the market in January-June 2010 were the shortest compared to the first half of 2006,...
on 07/28/10
In June 2010, 14 condos changed hands, the second fewest in the past five Junes and nearly half the number that sold in June 2009. The condos sold quickly, staying on the market only 20 days, whic...
on 07/27/10
In June, townhouses in McLean only stayed on the market for twenty days, the fewest days of four of the previous five Junes. Only June 2007 had fewer days on the market when townhouses remained on...
on 07/26/10
Single family home sales in McLean strongly rebounded in June 2010 compared to June 2009, posting a higher median sold price, and a significantly lower days on the market. Single family home sales...
on 06/13/10
Condos in McLean continued to sell quickly in May with a median days on the market of only 6 days. Last month's days on the market was far quicker than any other May in the last five years. Condo...
on 06/12/10
Townhouse sales in McLean last month were on par with other Mays over the past five years. The four that sold were similar to last year and 2006 but down from the seven that were sold in 2007 and ...
on 06/10/10
What jumps out the most when examining single family home sales in McLean for May 2010 is that only 13 sold. This is about 1/3 the total that sold in the past four Mays, by far the fewest in the p...
on 05/11/10
April's condo market in McLean continued to be one of the strongest in the past five springs. In April 2010, more condos sold (18) than in any of the previous 5 Aprils. Also, the 29 days on the ma...
on 05/05/10
s I have cautioned before, it can be tough to analyze townhouse sales in McLean for shorter periods of time due to the lack of data points. There aren't that many townhouse developments here, so i...
on 05/04/10
Only nineteen single family homes changed hands in McLean last month, a significantly lower number than any of the previous five Aprils, and less than half the number that sold in April 2006. On t...
on 04/29/10
This week, Virginia Governor Bob McDonnell brought back to life plans to create toll lanes for I-95/395 as a way to ease traffic congestion. According to the Washington Examiner, the previous A...
on 04/27/10
It seems that more questions than answers were raised at last Wednesday's marathon session regarding the future growth plans for the Tysons Corner area. The Fairfax Times said that after more th...
on 04/22/10
When former Washington Post owner John Roll McLean decided to name a Great Falls and Old Dominion Railway stop after himself at what is now the interesection of Old Dominion Drive and Chain Bridge ...
on 04/20/10
Condo sales for the 1st Quarter 2010 are arguably the best of any of the past 5 1st quarters. The 15 median days on the market is nearly half the time of the next best 1st Quarter of 28 in 2006, a...
on 04/19/10
On Wednesday, April 21 at 7:30 p.m., the Fairfax County Planning Commission will hold a critical public meeting to discuss future development plans for the Tysons Corner area. You know you can exp...
on 04/17/10
The total number of townhouses that sold in the 1st Quarter of 2010 in McLean climbed back to 12 after dropping to 8 and 7 in the 1st Quarters of 2009 and 2008, respectively. In another sign that ...
on 04/15/10
Last year's 1st Quarter single family home sales in McLean saw the fewest homes sold (53) compared to any of the 1st Quarters in the past 5 years, and the longest Median DOMP (134). Fast forward t...
on 04/09/10
The Median Days on the Market for McLean Condos was 3 days in March! Multiple contracts within hours of a listing seemed to be the norm in this market sector. I recently ratified a condo for a c...
on 04/08/10
Because McLean doesn't have them many townhouse developments, extrapolating meaningful trends from monthly sales can be difficult. In March 2010, 4 townhouses traded hands, which was one more than...
on 04/06/10
Last month, 21 single family homes sold in McLean, up 4 from March 2009. More notable is that the median list price in March 2010 was nearly $200,000 higher than last year at that time, and the me...
on 03/03/10
More condos sold in McLean (12) than any of the previous five Februaries. Also, the median days on the market in February was the least since February 2006, at the height of the market. Both indi...
on 03/02/10
Despite four snow storms in a row that essentially closed everything in the Metropolitan D.C-area down for nearly two weeks, real estate sales still occurred. In February, 14 single family homes i...
on 02/22/10
I ran across an interesting tidbit from the Dallas Morning News about Kay Bailey Hutchinson, the senior senator from Texas who is currently running for Governor of that state this fall.
Coming in...
on 02/08/10
While the January 2010 single family and townhome sales activity show real positive signs for the local market, the condo sales last month didn't indicate much progress and was similar to the Janua...
on 02/04/10
The market for townhouses last month was arguably the strongest of any of the past five Januaries. Comparing January 2010 to the four previous Januaries, the 7 that sold was the most, edging out J...
on 02/01/10
The most startling piece of information when examining the January sales for single family homes in McLean over the past 5 years is how low the January 2009 market fell. In January 2009, only 15 s...
on 01/20/10
Like townhouse sales in 2009, the median days on the market for condos in McLean last year was the shortest than any of the previous years going back to 2006. Condos stayed on the market a median ...
on 01/18/10
In 2009, townhouses in McLean stayed on the market the shortest median days in the past 4 years. The 49 DOMP in 2009 was nearly half as long as the 92 median DOMP that townhouses stayed on market ...
on 01/16/10
It's not too early to start planning for the 2010 McLean Day. The date is Saturday, May 15 at the usual Lewinsville Park location. Click here for McLean Day 2010 Exhibitor Application or click...
on 01/14/10
With the downturn in real estate starting in 2007 and the stock market crash just prior to the 2008 elections, people were wondering how this would impact a high-end area like McLean where home val...
on 01/10/10
More good news for the McLean real estate market. The December condo sales in McLean over the past 4 years did not change dramatically, except for how long they stayed on the market. The median...
on 01/08/10
According to data gleaned from MRIS, in December, 9 townhouses sold in McLean, which is more than any of the three previous Decembers. 5 townhouses sold in December 2008, 4 in December 2007, and 7...
on 01/06/10
The December 2009 sales for single family homes in McLean continues to signal a strengthening local market. In total, 33 single family homes were sold in December 2009 compared with 26 sold in Dec...
on 01/02/10
With the extension of the Metro through Tysons Corner and out to Dulles Airport, several condominium complexes are now poised to suddenly have the Metro in walking distance. According to NBC Washi...
on 12/29/09
In their ongoing attempt to ease traffic congestion, Metro announced they would be adding a limited-service bus to the King Street-Tysons Corner route (28) in order to "speed travel." According to...
on 12/22/09
I've heard of Black Friday and Super Bowl Sunday, but did you know there is now something called "Super Saturday"? Apparently the last Saturday before Christmas is called "Super Saturday," because...
on 12/14/09
The most encouraging news when looking at the November 2009 McLean Condo sales versus the previous three Novembers is how short the properties were on the market. Condos that sold in November 2009...
on 12/11/09
With a low number of townhouse developments in general, gleaning real estate market trends from townhouse sales in McLean can be difficult. November is also a month when sales typically start slow...
on 12/04/09
In November, 36 single family homes sold in McLean, up from 21 in November 2008 and essentially identical to the November 2007 figures, when 37 sold. In November 2006, only 20 single family homes ...
on 12/02/09
Well, you can put the 2009 McLean Mustangs Football season in the bank after tomorrow night. We are hosting an appreciation dinner for our coaches, Team Moms, and other volunteers. The dinner wil...
on 11/06/09
In October 2009, 24 single family homes closed in McLean, with a median list price of nearly $1.6 million and a median sold price of $1.47 million. Both the median list and sold prices are signifi...
on 10/22/09
With the downturn in the real estate market and the worsening economy last year, not surprisingly, the homes which tended to do the best were the entry level price points. This was true in McLean ...
on 10/08/09
According to the data from the MRIS, the number of condos sold and closed in September 2009 bounced back to 20 after dipping to 10 sold in September 2008. The twenty condos sold last month is clos...
on 10/07/09
With its limited number of townhome developments, the McLean townhouse market is not as active as its single family home market. An examination of the number of townhouses that closed in September...
on 10/02/09
From examining McLean single family home sales that closed in the last four Septembers, it is clear that at least here, the housing market downturn has hit bottom and is now clearly on its way bac...
on 09/10/09
After examining the MRIS data of McLean single family homes sold between January 1 and August 31 in 2006, 2007, 2008, and 2009, two things jump out. The first is that the percentage of homes liste...