Brian Block -- Northern Virginia & D.C. Real Estate

As of today, June 8th, there are 397 homes on the market for sale in McLean, Virginia. 80 of these were listed for sale within the last 30 days

This chart shows the current inventory, number of pending sales and average list price sorted by neighborhoods within McLean:

The average listing price for all homes currently on the market in McLean is $1,751,018. Of the 397 homes, 256, or 64% of all McLean Virginia homes listed for sale are priced above $1 million. Interestingly, there were 55 sales of homes in McLean in the last 30 days. 16 of these, or 29% sold for over $1 million. The discrepancy points to the fact that the higher priced homes are not selling as rapidly.

However, the average sales price of a home in McLean, Virginia in the last 30 days was $906,848. Certainly nothing to sneeze at!

Additionally, there are 152 pending sales in McLean.

Are you wondering about Northern Virginia real estate and pondering what has sold recently?

Here's some information about the most expensive home sales in Northern Virginia (Arlington County, Alexandria City, Fairfax City, Fairfax County, and Falls Church City) for April 2009. All information was obtained through MRIS.

Overall, there were 61 sales topping $1 million during the month of May 2009, a 50% increase from the 40 that sold in April. The luxury market seems to be heating up a bit. Or maybe it's just those Maryland Millionaires moving down our way to Virginia.

MAY'S MOST EXPENSIVE SALES

Single Family Detached Homes:

• 7724 Georgetown Pike, McLean, VA 22102 -- Sold on May 8th for $7,850,000.
  Wow! What a sale. Though the economy has surely taken its toll since this one sold for $2.65 million below the asking price of $10.5 million. This stone mansion custom built in 2006 has over 22,000 square feet of living space! On 5 acres, this magnificent home features 9 bedrooms, a 6 car garage, 12 full baths and 5 half bathrooms. Space to entertain, for sure.
  
  
• 860 Nicholas Run Drive, Great Falls, VA 22066 -- Sold on May 5th for $2,600,000.
  With over 12,000 square feet of space, this home includes an elevator and a first floor "Grand Ballroom." This house was built in 2007 and sold after over a year on the market for about $400K under the $3 million asking price.
  
  
• 909 Whann Avenue, McLean, VA 22101 -- Sold on May 14th for $2,600,000.
  5 bedrooms, 4 full bathrooms in this large Colonial home in the Langley Forest area of McLean. The home features a gourmet kitchen, patio, and landscaped gardens. The finished 3rd level is perfect for an office or second master bedroom.
  
  
• 1324 Ballantrae Farm Drive, McLean, VA 22101 -- Sold on May 15th for $2,360,000.
  Even though this home is 25 years old, Ballantrae Farms in McLean is perenially popular. The interior features a marble foyer and gourmet kitchen. There's a billiards room, 6 bedrooms, 6 full bathrooms, and an outdoor pool.
  
  
• 9211 Black Riffles Court, Great Falls, VA 22066 -- Sold on May 6th for $2,250,000.
  On 5 acres in Great Falls, this home sits on a circular dirveway at the top of a scenic knoll in a cul-de-sac. There are 5 bedrooms and 10 full bathrooms! With 5 fireplaces and 8 garages, a pool, gym, and maid's quareters, this home will delight its new owner.
  

CLICK TO SEARCH FOR AVAILABLE SINGLE FAMILY HOMES IN NORTHERN VIRGINIA

Note: 26% of the million dollar plus single family homes that sold in May were sold in McLean. It's a Great Place to Have a Real Estate Office, I Can Tell You That.

Townhouses:

• 114 Madison Place, Alexandria, VA 22314 -- Sold on May 8th for $1,175,000.
  Overlooking the Potomac River, this townhouse features an open floor plan with a gourmet kitchen. It has 3 bedrooms, 4.5 bathrooms, and is steps away from the bike path, health club, and shops and restaurants in Old Town Alexandria. It has a 2 car garage and 4 levels of luxury living.
  
  
• 1510 Colonial Terrace, Arlington, VA 22209 -- Sold on May 15th for $1,100,000.
  2.5 blocks from the Rosslyn Metro and 3/4 mile from Georgetown, this townhouse features of 3,200 square feet of living space with an enormous master suite with luxurious new bath. The townhouse was built in 1991.
  

• 421 S. Lee Street, Alexandria, VA 22314 -- Sold on May 1st for $1,075,000.
  Right in the heart of Old Town Alexandria, this 3 bedroom townhouse was originally built in 1810. There's a 2 story addition of a kitchen and master suite.
  
  
• 325 N. Pitt Street, Alexandria, VA 22314 -- Sold on May 29th for $945,000.
  Also in Old Town Alexandria, this brick townhouse built in 1971 was renovated with wood floors, and a sleek kitchen. 4 bedrooms 3.5 bathrooms on 3 levels.
  

SEE AVAILABLE TOWNHOUSES IN NORTHERN VIRGINIA

Condominiums:

• 11776 Stratford House Place #1404, Reston, VA 20190 -- Sold on May 15th for $745,000.
  This Penthous condo in Reston offers great views of Tysons Corner. With 3 bedrooms and 3 bathrooms, it is walking distance to the Reston Town Center and the first Penthouse to sell at the Stratford in 5 years.
  
  
• 888 N. Quincy Street #1512, Arlington, VA 22203 -- Sold on May 15th for $696,000.
  A 2 bedroom 2 bathroom condo at the Residences at Liberty Center. From the 15th floor there's a panoramic view of the entire DC area -- not to mention the 24 foot balcony!
  
  
• 1600 N. Oak Street #527, Arlington, VA 22209 -- Sold on May 20th for $657,500.
  1420 square feet of space in this 2 bedroom 2 bathroom condo at the popular Belvedere in Rosslyn. The large gourmet kitchen with new cabinets and granite counters complete the package.
  
  
• 2101 N. 15th Street #1201, Arlington, VA 22201 -- Sold on May 20th for $610,000.
  Often on the list of highest price condos sold, here's another sale of a 2 bedroom 2 bath condo at the Odyssey condos in Arlington. When you get bored of your 1,135 square foot unit, head up to the rooftop pool!
  

SEE AVAILABLE CONDOMINIUMS IN NORTHERN VIRGINIA

Contact Brian Block, Managing Broker, REALTOR/Attorney, RE/MAX Allegiance: Licensed in Virginia & Washington D.C. 703-626-0715. If you are interested in purchasing or selling a property in Northern Virginia including Arlington County, Alexandria City, Annandale, Burke, D.C., Fairfax County, Falls Church City, Great Falls, Lorton, McLean, Springfield, Washington D.C., contact Brian today.

In real estate, as you know, there are three important words. Location. Location. Location.

Whether it's a potential homebuyer deciding upon where to live, or a seller trying to value their home, location plays the primary role. I always tell people that you can change the home both interior and exterior on your own. However you cannot change the location.

The same rule applies when deciding where to establish a business. In this case, a real estate office.

My RE/MAX office is located in McLean, Virginia.

Take a look at this short video which covers a recent study that named McLean, Virginia as the wealthiest community in America.

Emulating what the banker said in the video clip:

I can attest that McLean, Virginia is a Great Place to have a Real Estate Office.

And you can quote me on that.

Do you want to buy a house in McLean? Click here to start your McLean home search.

Want to sell your McLean home? Click here to get a market analysis of your McLean home.

Are you a Northern Virginia real estate agent that wants to join a dynamic brokerage in an office in the most affluent community in the country? Give me a call at 703-626-0715 or contact me by e-mail. We're always looking for enthusiastic and experience agents.

Interested in getting your real estate license? I'm teaching the class starting in June. Click here for more information and to register for the Virginia real estate salesperson pre-licensing course.

Whether you are "Top Brass" coming to work at the Pentagon, a new White House appointee, an undercover CIA agent, airline pilot, the top draft pick for the Washington Wizards, a college professor, or the 3rd baseman for the Washington Nationals, you should know that if you decide to make McLean, Virginia your home, you'll have an easy commute to your place of employment.

In the map above, I've drawn a ten mile radius with McLean, Virginia in the center. Some of the areas within this circle are within a 25 minute commute. I can't promise that for all areas -- much depends upon traffic and which route and which direction you travel. Additionally, there are areas outside this 10 mile radius that may take less time to get to than some that are within the circle due to highway travel versus local roads.

Nonetheless, here are commuting distances and approximate times from McLean, Virginia to popular areas of employment within the metro-D.C. area.

Commuting times can certainly be an important consideration of where to live. To help you make your decision about choosing McLean, Virginia as your home, here are some other helpful articles:

McLean Virginia Real Estate Market Snapshot - May 2009

Meet McLean, Virginia: The Fourth Most Affluent Community in the U.S. (UPDATE: McLean has recently been named THE most affluent community)

Making Money in McLean

Ready to buy a home in McLean, VA? I'm the Managing Broker of the McLean Virginia
RE/MAX Allegiance office.

** CLICK HERE TO START YOUR HOME SEARCH IN MCLEAN **

That's my RE/MAX Allegiance office in McLean, Virginia.

We're located at

6226 Old Dominion Drive, McLean, VA 22101

Stop on by and say hello. I'm the Managing Broker of the office and either myself or one of our 40 terrific agents can help you with any of your McLean, Virginia real estate needs.

SO...

What's Happening in the McLean, Virginia Real Estate Market?

Here's a snapshot of McLean Virginia home sales in the last 30 days:

MCLEAN VIRGINIA HOME SALES:

• Active homes for sale: 416 (including 96 new listings in the last 30 days). This is a 16% increase inventory from one month ago! Lots of homes to choose from in McLean.
  
  
• Homes sold in the last 30 days: 50 That's over 2 times the amount sold in the previous 30 days.
  
  
• Average Sales Price: $905,272
  
  
• Median Sales Price: $679,500
  
  
• Average Days on Market: 71
  
  
• Average Sales Price/Original Listing Price: 92.53% This number is up almost 2% from last month indicating that either homes are being priced more realistically or that buyers have slightly less negotiating power.

Interesting Notes:

There are 264 homes or over 63% the homes on the market in McLean priced at $1 million or more.

There's an additional 82 McLean homes that had accepted contracts in the last 30 days and will be going to settlement soon.

The McLean real estate market is heating up!

** Find a Home in McLean **

Contact Brian Block, Managing Broker, RE/MAX Allegiance, McLean:
Licensed in Virginia & Washington D.C. 703-626-0715.
If you are interested in purchasing or selling a property in McLean or elsewhere in Northern Virginia or Washington D.C., contact Brian today.