Jeff Wu

Tysons corner is changing everyday, as is every city in the nation. But we have much bigger plans in store for the future. Here's an update on some of the planned changes:

- county staff to draft a new comprehensive plan for Tysons by July 09
o "aggressive timeline" said James Zook (director of Fairfax County's department of planning and zoning)
o hope to get a vote when board of supervisors returns from recess in August 09
- 95% of development will be within a half a mile of one of 4 metro stations, and within 600 feet of a planned Circulator route
- Hopes to increase housing from 14,000 to 100,000
- Federal Transit Administration approved $900 million in funding 12/4 for the Dulles Metro Rail

The good news is that things are changing. More good news is that the ones doing the planning are concerned with how people, of all interests and walks of life, will benefit from new Tysons. The question mark is how will things really shake out.

Sources = 1) DullesMetro.com + 2) Vienna Connection 12/17-23/2008 pages 3 + 7

Lillian Court sits in a great location in Tysons Corner. It's right next to the Galleria Mall, and across the street from Greensboro Drive, which is home to many of the areas big employers: SAIC, BAE, Booz Allen Hamilton, and more.

In November 2008 there were 2 properties SOLD in Lillian Court.

The first was a 2 bedroom 2 bathroom home on 2 levels. It had approximately 1200 square feet in total. The home sold for $345,000 in approximately 162 days on the market.

The other home to sell in November was a one bedroom one and a half bath property. This property was only on one level. It had approximately 988 square feet. The home sold for $270,000 with a subsidy of $5,000. It sold in approximately 12 days.

No properties are showing as having RENTED in Lillian Court in November of 2008.

There are currently 3 properties For Sale in Lillian Court. There are also 5 homes available For Rent.

(data from MRIS)

Harris Teeter is still staying strong. They're opening up a bunch of other locations across the region very soon. Why do I mention it. Well, there's not much to talk about in real estate transactions in 2720 Arlington Mill Drive, south for November.

There were 0, yes zero, sales for November 08. So I can't reference particular models selling better, or being more appealing. I can't talk about average days on market. I can't even talk about sold price to list price ratios. Because there were not SOLD properties for November.

There was one property that rented in November. It was a 2 bedroom model. It rented for $2,299/month. The property was on the market for 54 days. That is the high, low, and average days on market for rentals this month.

Let's hope that a holiday present this year is a little more real estate action!

(data from MRIS)

Let's see what else happened in November besides Black Friday! In the Fountains at McLean there was 1 property SOLD. That property was a one bedroom in one of the mid-rise buildings. It Sold for $230,000. That property was on the market for 189 days. They originally started asking $264,500. One can only assume that was a tad on the high side, even for 6 months ago.



There were 4 transactions closed on the rental side in November. One was a 2 bedroom, all three of the others were 1 bedrooms. The 2 bedroom rented for $1580/month, and took 79 days on the market. While the 3 one bedrooms rented for an aveage of $1250/month and 39 days on the market.



That's it for November. The turkey has been eaten!



(data from MRIS)

November, a month for Thanksgiving and real estate sales. Well one property at the Gates of McLean sold. It was a two bedroom two bathroom home in a mid-rise building. This property Sold for $350,000 and gave back a closing cost credit to the buyer of $5,000. The property was on the market a paltry 9 days.

The rental market fared slightly better than the Gates resale market in November. There were 3 properties that Rented in November. One was a 3 bedroom, renting for $1850 in 21 days on the market. Both of the other properties that rented were 2 bedroom 2 bathroom homes. They rented at an average of $1750 and in an average of 17 days on the market.

Overall not a ton of activity. But what activity that did occur happened at a very good pace.

(Data taken from MRIS)