Jeff Wu

I've heard that Tysons Corner is either the 12th or 14th largest city in the country, by # people, Monday through Friday from 9am-5pm. That's pretty big. However, that's also a lot of depreciation or shrinkage, or any other fun term for smaller, during the off hours. I konw there are a lot of things planned to alter the landscape and make Tysons Corner more of a destination. Much more than people just going to the mall.

Events that involve a large part of the community can be a lot of fun. There should be a bunch of events like that in Tysons Corner. And they should occur every year. One event that I know people have a lot of fun at in Arlington, is the Taste of Arlington. There are lots of restaurants, big ones and small ones, and all types of ethnic food. There are also a multitude of entertainment acts from within the community. And last but not least there is even a program of events and activities for families and children. It is a really good community event for all ages and tastes.

I know that there are many terrific restaurants in Tysons Corner. Let's have the Taste of Tysons Corner. It would be a great way to create community here in one of the premier destinations in DC. Shoot, I'm hungry just thinking about it.

1641 International Dr #416 was the only property SOLD in April 2009. It is/was a Jaclyn model. Which is a 2 bedroom 2 bathroom with 1114 square feet. It was asking $387,500, and it ended up selling for a price of $350,000 with no seller subsidy. The property sold in 71 days on the market.

Last year in the same month, April 2008, there were zero (0) properties sold. So even though this year there was only 1 sold in April, 1 is better than 0!

2 properties available for sale in Lillian Court right now. Both are 2 bedroom, and both are multi-level style properties. One is a townhouse style, and one is a top floor 2 level within the condo building.

data from MRIS

There were 3 properties sold in the Rotonda in April 2009. They are shown above. They were models = C, E, + F. The average time on market was 61 days on market. The average price per square foot was $259.75.

In same month, April 2008, last year there were 5 sold properties. They were on the market an average of 99 days on market. And they had an average price per square foot of $303.8.

Right now at the Rotonda there are 15 properties on the market for sale. And at 3 a month that equals 5 month's supply if nothing new were to come on the market.

data from MRIS

In April of 2009 there were 2 homes sold in the Fountains at McLean. Both were "1st floor" homes in mid-rise buildings. The reason I used quotes around the "1st floor" is because depending what side of the building you're on you may be on the ground (1st floor) or you may be up 3 levels above the ground. This is because of the grading of the land around the buildings.
These properties also shared similarities in that they were both 1 bedrooms, and they both came with 1 garage parking. That's where the similarities end though. The property condition was very different.
The two properties sold were
- 1524 Lincoln Way #109 = $229,000 + $8,000 seller subsidy to buyer [VIRTUAL TOUR]
--> on the market 24 Days
- 1504 Lincoln Way #102 = $190,000 + $0 seller subdiy to buyer
--> on the market 139 Days
--> Bank Owned

In April 2008, the same month last year, there were also 2 properties SOLD.

Right now there are 2 properties available to buy in the Fountains at McLean. Both are 2 bedrooms, ranging from $306,800 to $314,900.

data from MRIS

Just like the title of this post says, there was one SOLD property in the Gates of McLean in 2009. It was a 2 bedroom 2 bathroom property in building 1570. That is a Mid-Rise building with garage parking. This property had 1 garage parking and 1 assigned out door parking space. So a total of 2 parking spaces. This is definately a plus. The home was also very nicely appointed with upgraded flooring, cabinetry, and countertops. There was also the benefit of not facing the parking lot, as half the homes do. This home faced into the courtyard, and was even somewhat protected by some mature trees to give you a private feel.

Click here for your exclusive view of the virtual tour

So now to what you really care about, the money. The home sold for $335,900 and no subsidy. It was on the market for a total of 18 days. This is great considering that the Gates of McLean average days on market for the past year for the SOLD properties is 56 days.

There is still plenty more on the market right now at the Gates. In fact, there are 7 other properties available for sale. 4 of these are one bedrooms (asking $219,950 to $267,900), and the other 3 are two bedrooms (asking $309,000 to $329,000).

1 Sold property in April this year (2009) is keeping pace with April of last year (2008). As there was only one sold property in that same month last year. May may be a little better as there are 2 properties under contract right now.

-most data from MRIS-