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McLean, VA

McLean's September Condo Market Returns to Normalcy

Craig Richardson: Real Estate Agent in McLean, VA

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 close to September 2007, when 19 condos were sold, and September 2006, when 23 sold.

Again, prices are still down in September 2009 compared to September 2007 and September 2006. The median sold price hit $380,000 in September 2007 before dipping to $269,950 in September 2008 and then rose slightly to 284,500 in September 2009.

The bottom line for the McLean real estate market -- single family, townhouses, and condos -- is that we've bounced back to the numbers sold before the downturn but prices are well below the levels at the peak of boom. Here is the data for September 2009 condo sales.

UNDER CONTRACT - 3 Offers in 3 Days !

James Downing - REALTOR®,GRI, ABR - DC Real Estate: Real Estate Agent in Washington, DC

Yes; thats right. My team just put a home under contract in near record time. Buyer's market? Not in many areas of Washington DC.

It is true that there are a few deals to be had out there; however multiple offers and homes selling in days - is happening in many areas of the Washington DC Metro area.

This latest Listing was in nearby McLean, Virginia. A popular area due to it's proximity to Major Transportation Routes; Shopping and employment centers. Of course - while location is always KEY; fresh paint; fix-ups; and a great cleaning all go into the Selling Process.

In fact; it took weeks to get this home ready for sale. This preparation seems to have paid off in a big way.

The listings sitting on the market: Are not clean, freshly painted; fixed up; staged or priced right. If they were - they would be sold!

UNDER CONTRACT !!!

Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800 Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW Suite 100 * Washington DC 20016

McLean September Townhouse Sales Hold Steady

Craig Richardson: Real Estate Agent in McLean, VA

With its limited number of townhome developments, the McLean townhouse market is not as active as its single family home market. Using MRIS data, an examination of the number of townhouses that closed in September 2009 versus those that sold in September 2008, September 2007, and September 2006 does not show a great deal of change in this market niche. Total townhouses that closed in the past three Septembers remained virtually the same with 9 selling in September 2009, 8 in September 2008, and 9 in September 2007. Not surprisingly, the median list price and the median sold price are down significantly in September 2008 and September 2009 compared to September 2007, a drop of of more than $100,000 in both categories. This reflects the overall drop in real estate prices during this time frame not only in McLean but the whole region and country for that matter.

Below is a detailed chart that examines townhouses sold over the past 4 Septembers. A review of condos to follow shortly.

September's Most Expensive Sales in Northern Virginia

Brian Block  -- Northern Virginia & D.C. Real Estate: Real Estate Agent in 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 September 2009. All information was obtained through MRIS.

Luxury home sales have been slowing down quite a bit during the last few months. The majority of the activity in Northern Virginia real estate is occurring with first-time buyers anxious to take advantage of the $8000 tax credit expiring on November 30th. Needless to say, most of these first-time buyers are not purchasing in the luxury price ranges.

Overall, there were 54 Northern Virginia home sales topping $1 million during the month of September 2009, down from 76 in August and 90 in July 2009.

Currently, there are 845 homes on the market in Northern Virginia with list prices topping $1 million.

 SEPTEMBER'S MOST EXPENSIVE SALES

Single Family Detached Homes:

  • 10447 New Ascot Drive, Great Falls, VA 22066 -- Sold on September 14th for $2,780,000.
    Think short sales are only for lower price ranges? Think again. This one was listed for sale at $3,499,999 and sold for a lot less. This 6 bedroom, 11,000 square foot home on 2 acres has a 4 car garage, an in-ground swimming pool, an elevator, home theater, and 2 wine cellars. It was built in 2008.

  • 7624 Burford Drive, McLean, VA 22012 -- Sold on September 28th for $2,525,000.
    Built in 2008, this 6 bedroom home also has 7 full bathrooms and 3 half bathrooms. With a 3 car garage , an open floor plan and fully finished basement, this home spent nearly 2 years on the market before selling.

  • 824 Whann Avenue, McLean, VA 22101 -- Sold on September 22nd for $2,251,000.
    Located in Langley Forest on one acre in McLean, this home was a foreclosure sale. Most of the home was completed, but it did not have fixtures and appliances. The home has 7 bedrooms and 8.5 bathrooms.

  • 4701 N. 34th Street, Arlington, VA 22207 -- Sold September 29th for $2,200,000.
    In the Country Club Hills area of North Arlington, this 5 bedroom, 4.5 bathroom home was built in 1952 and has been renovated and expanded. It features a top of the line kitchen and sits on 1/3 acre of land.

  • 7837 Kent Road, Alexandria, VA 22308 -- Sold on September 28th for $2,050,000.
    A 1938 colonial home on over an acre of land with tall trees and mature plantings, this 1938 home features a pool, grand circular staircase, 4 fireplaces and 5 bedrooms and 5.5 bathrooms.

CLICK TO SEARCH FOR AVAILABLE SINGLE FAMILY HOMES IN NORTHERN VIRGINIA

Townhouses:

  • 6 Keiths Lane, Alexandria, VA 22314 -- Sold on September 25th for $1,275,000.
    With views of the Potomac River in Old Town Alexandria, this Fords Landing townhouse was built in 1999 and featurs 3 bedrooms including a decadent master suite with a spa-like bathroom. the grourmet kitchen with granite counters enhances the open floor plan of the main level.

  • 423N N. Columbus Street, Alexandria, VA 22314 -- Sold on September 15th for $957,000.
    Another Old Town Alexandria townhouse originally built in 1890 that has been totally renovated and remodeled but retained some period fixtures, antique chandeliers and transom lights and the original southern pine floors. It has 2,541 square feet of living space.

  • 717 Potomac Street, Alexandria, VA 22314 -- Sold on September 15th for $875,000.
    This 1978-built townhouse in Old Town Alexandria features an off-street parking space and front and rear private brick patios. It has 3 bedrooms, 3.5 bathrooms which are newly renovated. There's also a separate au pair/in-law suite with an extra kitchen.

  • 2044 Beacon Heights Drive, Reston, VA 20191 -- Sold on September 15th for $875,000.
    Built in 2003, this townhouse is on the waterfront at Lake Audubon. The townhouse has 5 levels with an elevator, gorumet kitchen and a Trex deck. With 3 bedrooms and 3.5 bathrooms, this large townhouse offers 3,237 square feet of space.

SEE AVAILABLE TOWNHOUSES IN NORTHERN VIRGINIA

Condominiums:

  • 1600 Clarendon Blvd. #W303, Arlington, VA 22209 -- Sold on September 15th for $1,142,000.
    At the ever-popular and ever-expensive Wooster and Mercer Lofts, this 2 bedroom plus loft condo features 1,990 square feet of living space and ultra-high end appliances and finishes.

  • 635 First Street #101, Alexandria, VA 22314 -- Sold on September 21st for $850,000.
    This condo at Liberty Row in Old Town Alexandria has 2,100 square feet of space spread throughout 3 bedrooms and 2.5 bathrooms. It features a gourmet kitchen, a custom sound system, and 2 underground parking spaces.

  • 1781 Chain Bridge Road #208, McLean, VA 22102 -- Sold on September 9th for $792,380.
    Newly built, this condo at the Morgan at McLean is a corner unit with over 2,100 square feet of space in a 2 bedroom 2 bathroom unit. It is very close to the upcoming Tysons East Metro stop.

  • 1600 Clarendon Blvd. #W311, Arlington, VA 22209 -- Sold on September 8th for $680,000.
    Another Wooster & Mercer Lofts gem, this one is a one bedroom unit with 2 full baths. The condo has 18 foot ceilings with walls of glass overlooking a park and measures in at 1,365 square feet.

SEE AVAILABLE CONDOMINIUMS IN NORTHERN VIRGINIA

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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.

Open House Today 1-4pm

James Downing - REALTOR®,GRI, ABR - DC Real Estate: Real Estate Agent in Washington, DC

Great Town Home - Fantastic Location

7329 Eldorado St, McLean, VA 22102 View Map

Location ! This 3 level end-unit town home features 3 bedrooms, 2 full and 2 1/2 baths and hardwood floors. Featuring an Eat-In Kitchen plus a separate dining room.

Relax on your private outdoor patio or by one of the two fireplaces. and enjoy your private beautifully manicured courtyard. This home even has a recreation room and a walkout lower level. Close to CIA, stores, parks and restaurants.

James T. Downing
Team Leader -
The Downing Real Estate Group

REALTOR, GRI, ABR
Licensed in Maryland, Virginia & Washington DC

703.244.3971 Direct
Jim@JimDowning.com Email

Coldwell Banker
Residential Brokerage
5028 Wisconsin Ave. NW
Suite 100
Washington, DC 20016
202-362-5800 Office

Details

Asking Price:
$565,000
MLS:
FX7172619
Bedrooms:
3
Bathrooms:
2 + 2
# of Floors:
3
HOA/Maintenance Fees:
90
Year Built:
1972

Property Amenities

    - Range/Oven
    - Sink Disposal
    - Full Refrigerator
    - Washer/Dryer
    - Dishwasher
    - Fireplace
    - Hardwood floors
    - Wet Bar
    - Basement
    - Patio
    - Central A/C
    - Central Heat
    - Walk-in closet
    - Living room
    - Bonus/rec room
    - Dining Room
    - Breakfast nook
    - Laundry area - inside

Community Amenities

    - Guest Parking

Contact Info

James Downing
REALTOR, GRI, ABR



Main 202-362-5800
Dir 703-244-3971
Email | Website


All information is deemed reliable but is not guaranteed.