McLean, VA

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 January 2010. All information was obtained through MRIS.

Overall, there were 48 Northern Virginia home sales topping $1 million during the first month of 2010.

Currently, there are 633 homes on the market in Northern Virginia with list prices topping $1 million just up from the 627 that were on the market in December.

JANUARY 2010'S MOST EXPENSIVE SALES

Single Family Detached Homes:

• 1030 Aziza Court, Great Falls, VA 22066 -- Sold on January 4th for $2,800,000
  After a long time on the market, this home built in 2008 sold for $800,000 under the listing price of $3.6 million. With 6 bedrooms, 8 full bathrooms, and 8 fireplaces, this Great Falls home features luxuries such as an elevator, sauna, home theater and 4 car garage.
  
  
• 1317 Kurtz Road, McLean, VA 22101 -- Sold on January 4th for $2,285,000
  Sold in just 13 days for 96.2% of the listing price, this home in Salona Village of McLean was built in 2008. In addition to 5 bedrooms and 5 full bathrooms, this custom designed home has outdoor fireplaces and porches offering vistas of parkland. The home has a gated entry, 6 fireplaces, and a 3 car garage.
  
  
• 2373 N. Fillmore Street, Arlington, VA 22207 -- Sold on January 27th for $1,825,000
  Green house! Not the color, but the whole house is 5 star Energy Star Certified. This 6 bedroom, 6.5 bathroom house is in the Woodmont neighbrohood of Arlington. It sold for just $100K under the asking price.
  
  
• 1911 Kirby Road, McLean, VA 22101 -- Sold on January 5th for $1,636,500
  After a price reduction of $200K, this custom built home built in 2004 recently sold. With almost 6,900 square feet of living space, this home also has a heated pool, custom hot tub, and lush professional landscaping.
  
  

CLICK TO SEARCH FOR AVAILABLE SINGLE FAMILY HOMES IN NORTHERN VIRGINIA

Townhouses:

• 18 Franklin Street, Alexandria, VA 22314 -- Sold on January 29th for $1,225,000
  January's most expensive townhouse sale was in the ever-popular Fords Landing area in Old Town Alexandria. This 3 bedroom 2.5 bathroom townhouse also has a 2 car garage.
  
  
• 1448 Harvest Crossing Drive, McLean, VA 22101 -- Sold on January 14th for $1,125,000
  Located in McLean's premiere gated community, this Evans Farm townhouse has 3 bedrooms, 2.5 bathrooms on 4 levels. With an open floorplan and high-end kitchen, this home sold for $125K under the listing price.
  
  
• 231 N. Lee Street, Alexandria, VA 22314 -- Sold on January 29th for $1,050,000
  Right in the heart of Old Town Alexandria, this all-brick townhouse built in 1998 features 2,745 square feet of living space, 3 bedrooms, 3.5 bathrooms, tall ceilings, and wood floors.
  

SEE AVAILABLE TOWNHOUSES IN NORTHERN VIRGINIA

Condominiums:

• 1600 Clarendon Blvd. #W305, Arlington, VA 22209 -- Sold on January 28th for $1,700,000
  Wooster and Mercer Lofts in Arlington often make the list of most expensive condo sales. This is the most expensive sale there in quite a while. 3 bedrooms plus an open loft and 3 bathrooms providing a total of 3,000 of living space! This corner unit has views of Courthouse and allows the new owner to easily walk to the Metro.
  
  
• 1401 N. Oak Street #605, Arlington, VA 22209 -- Sold on January 8th for $1,400,000.
  Over in Rosslyn, this condo at The Weslie provides 1,778 square feet of space, 2 bedrooms and 2.5 baths on 3 levels! The awesome view of D.C., the Potomac River and the monuments make this spacious condo a great place for entertaining.
  
  
• 11776 Stratford House Place #1104, Reston, VA 20190 -- Sold on January 29th for $1,060,000
  This huge 2,850 square foot condo at Stratford House in Reston has 2 master suites and a third bedroom. All the way from Reston, there are great views of Tysons Corner and the National Cathedral!
  
  
• 828 Slaters Lane #406, Alexandria, VA 22314 -- Sold on January 29th for $940,000
  This penthouse condo at Old Town Crescent offers almost 2,200 square feet of space throughout 3 bedrooms and 3.5 bathrooms. While close to D.C., this condo is right by the Potomac River and biking and nature paths. The condo has two master suites, 2 parking spaces, and a jacuzzi.

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.

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 January 2009 numbers.

Seven condos changed hands in 2010, only one more than in January 2009. This is significantly lower than numbers for January 2006 (17), January 2007 (13), and January 2008 (12). The January 2010 median list ($375,000) and median sold ($355,000) were lower than January 2009 but not the lowest in the past 5 years. Only January 2008 posted lower numbers in both median list and median sold. January 2010's median DOM-P was back over 100 days, and only in January 2007 did condos sit longer on the market.

Condos do tend to be the first to stall in a declining market and the last to rebound in a recovering market, which might explain part of the numbers for last month. Also, with many of McLean's condo developments located in and around Tysons Corner, the Metro extension construction may be putting a damper on condo sales. 2013 is only just around the corner, the expected completion date for the new Metro Line through Tysons, so now is an excellent time to buy there.

Below is a chart comparing McLean's condo sales over the past five Januaries. Data is gleaned from the MRIS.

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 January 2006, when 6 changed hands. The 60 Med. DOM-P was the least in January 2010, less than half the time townhouses remained on the market in January 2009. Only January 2006 had a higher median list price ($925,000 compared to January 2010's $789,500) and a higher sold price ($850,000 compared to last month's $775,000).

It is important to remember that McLean doesn't have a huge number of townhouse developments, so the sales numbers in general tend to be on the low side compared to neighboring areas where this type of property are more prevalent. Please see below for more information on townhouses sales taken from data gleaned from MRIS.

Well, just as my children predicted, we got another dose of the white stuff over night in McLean. The timing was perfect...for my kid's sake. It started snowing in the late afternoon yesterday and didn't stop until the early morning. This ensured yet another a snow day from school.

According to Wikipedia, the average snowfall for the Washington, D.C. area is 16.6 inches. We got that and then some in just the one storm that hit right before Christmas! Add that to the snow last Saturday and the snowfall over night, and we've just about doubled the average.

Did I mention we're getting another whopper this weekend. The National Weather Service has already issued a Winter Storm Watch starting Friday morning through Saturday night. And the expected amount? 12 inches up to 20 inches in some areas.

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 single family homes sold, the fewest in the last five years, after staying on the market for 120 days, the longest DOM-P in the past five years. More striking is that the median list price of $649,900 and median sold price of $648,500 was half the values versus January 2007, which saw prices at $1,310,000 and $1,300,000 respectively.

In January 2010, fortunately, the market rebounded and the numbers improved across the board. The 18 homes that changed hands last month was identical to January 2008, although not nearly as high as the 31 that sold in 2007. The 75 median days on the property was down 45 days from last year and better than any of the previous five Januaries except for January 2006. The median list price and median sold price also climbed back over a million in January 2010 and were very similar to the January 2006 prices for both.

Below is a report of single family home sales in McLean for the past five Januaries. Data is gleaned from MRIS.