Today, 2/26/10, there are 35 properties for sale in the Tysons Corner area (McLean 22102 zip code + Vienna 22182 zip code) in the price range from $300,000 to $600,000. 

Quick Facts

- 19 are Condos, 8 are townhomes, and 8 are detached single family homes

- Communities with properties for sale in Tysons Corner Area in the price range $300,000 to $600,000 = Courthouse Station (2), Dunn Loring Garden, Eudora, Fountains at McLean, Hahn Property (2), Hallcrest Heights (2), Lillian Court (2), Madrillon Springs, Martin, Park Crest (only 2 listed), Regency at McLean (5), Rotonda (7), Spring Lake (2), Sunnybrook, The Colonies (2), The Trails, Tysons Townes, and Tysons Woods

- Distressed Properties (5 of 35 total properties) = 1 is a bank owned property, and 4 are listed as potential short sales.

Tysons Corner available real estate $300,000-$600,000

data from MRIS

Today, 2/19/10, there are 12 properties for sale in the Tysons Corner area (McLean 22102 zip code + Vienna 22182 zip code) under $300,000.  All of those are 1 and 2 bedroom condos located in the 22102 (McLean) zip code.

Quick Facts

- Communities with properties for sale in Tysons Corner <$300,000 = Encore of McLean (1), Fountains at McLean (1), Gates of McLean (5), Regency (1), Rotonda (2), and The Colonies (2).

- All are 1 level properties

- 10 of the 12 are 1 bedroom properties, the other 2 are 2 bedroom properties.

- Distressed Properties (3 of 12 total properties) = 1 is a bank owned property, and 2 are listed as potential short sales.

On the Market right now (2-19-10 11:48am) in Tysons Corner, Virginia under $300,000

data from MRIS

In the month of November, the most recent past month, there was one home sold in the Tysons Corner Condominium community known as The Gates of McLean.  The property sold was a 1 bedroom 1 bathroom home.  There are many 1 bedroom 1 bathroom models, but the one sold was a Danielle model on the 2nd floor of building 1570.  The property had some upgraded flooring and appliances, and included a garage parking space.  It sold for $223,000 when asking $245,000.  There was no subsidy involved so the net price of $223,000 reflected a price of $303/per square foot.  This property was on the market 9 days prior to ratifying a contract.

There continues to be a shortage of good homes on the market, in the gates, and the surrounding area.  This is evidenced even more so by how quickly this one sold.

November 2009 fared similarly with the same month previous year in terms of the number of sales.  As November 2008 also had a single property sold in The Gates of McLean.  That property (in 2008) was a 2 bedroom 2 bathroom Preston model that sold for $285/per square foot.  Comparing 1 bedrooms to 2 bedrooms isn’t a fair comparison, and the sample size is small.  However, looking at the price per square foot numbers many would say that things are looking up for this Tysons Corner community!

At this moment there are 3 properties available for sale in The Gates of McLean.  Two of those are 1 bedrooms, and the third is a 3 bedroom.  There are also 8 properties for rent in this Tysons Corner community.  Of the properties for rent, five are 1 bedrooms, a single 2 bedroom is available, and there are two 3 bedrooms.

Data from MRIS

Key stats for 22102, Tysons Corner area, zip code =

* – 52 homes/properties under contract right now (11-27-09 9:01pm)

* – Of the 52 homes under contract: 27 are condominiums (condos), 4 are townhome or attached homes, and the other 21 are single family homes

* – 20 of the 52 homes are identified as potential short sales

* – 1 of the 52 is identified as a foreclosure or bank owned sale

* – The properties were on the market from 0 to 828 days before getting a contract, with the average number being 72 days on the market for these Tysons Corner area properties.

* – Gates of McLean, the Tysons Corner condominum neighborhood, lead all communities with 7 properties under contract.  Coming in second, all with 3 properties under contract were: Hunting Ridge, Park Crest, Peacock Station, Rotonda and The Colonies.

Tysons Area Properties under contract 22102 zip code

It's an empty cup

I wanted to put a photo, so an empty cup it is.  In terms of sales at the Gates of McLean it was all empty.  There were 0 SOLD properties at the Gates of McLean in September 2009.  This is not an extreme difference from same month last year when there was only a single one bedroom property sold.  September wasn’t all gloomy though. 

You could even say that the “cup runneth over in September.” 

Why would anyone say that?  It would be because there are currently 8 properties under contract.  That’s pretty darn good.  Of the properties that are under contract, there are 3 one bedrooms, 4 two bedrooms, and yes 1 three bedroom (they are so elusive).  So that is good news.  That is action in the market and at the Gates of McLean.  We will see those being sold in October and November.