8 different condo neighborhoods had sales in Tysons Corner area January 2011 real estate

In January 2011 there were 13 Condos sold in the Tysons Corner Area. [affectionately I am referring to: real estate in the Vienna zip code 22182 and real estate in the McLean zip code 22102; when I say "Tysons Corner Area"] They were sold in 8 different communities: Encore of McLean, Fountains at McLean, Gates of McLean, McLean Chase, One Park Crest, Rotonda, The Colonies, and The Westerlies.
The most homes sold in the Tysons Corner condo category in January 2011 was in Rotonda. They had 3 condo sales. The Encore of McLean, Gates of McLean and McLean Chase all came in 2nd with 2 condos sold in Tysons Corner.
The properties, all 13, were sold in an average of 54 days on the market, with a low of 7 and a high of 102.

Other Key statistics =

* only 2 of the 13 gave seller subsidy

* sold to list price ratio at time of contract was 97.8%

* 4 of the 13 Tysons Corner condos sold can be referred to as distressed real estate sales

- 1 was described as a short sale

- the 3 others were described as foreclosure or bank owned

For more information on these properties, or anything for sale right now in the Tysons Corner Area, feel free to contact: Jeff Wu, Century 21, New Millennium 571-248-1110 or Jeff@AgentKnowsHomes.com

data from MRIS

For this weekend, 01/28-01/30 we have a total of 7 open houses! Ranging from $404-2995′s in the great communities of McLean, these are great opportunities you do not want to miss!

Sunday, January 30th

12-4pm:

8370 Greensboro Dr #212

1-4pm:

1800 Old Meadow Rd #202

8432 Weller Ave

1005 Woburn Ct

7811 Langley Ridge Rd

2-4pm:

1020 Union Church Rd

1315 Daviswood Dr

Map of all Open Houses in 22102 (McLean) for Weekend 01/28-01/30

12 Tysons Corner condos sell in average of 75 Days on Market in November 2010

 12 condos sold in the Tysons Corner Area, McLean 22102 zip code + Vienna 22182 zip code, in the month of November 2010.  They were sold in 7 different communities = Encore of McLean, Gates of McLean, McLean Chase,  McLean Place Townhome, Rotonda, The Colonies, and The Westerlies.  Other Quick Facts about these Tysons Corner Condo sales =

* Sold in Average of 75 days on the market (Low of 3 days and high of 504)

* Average subsidy of $2,975.92 (only 4 of the 12 transactions had a subsidy)

* Average sold to list/ask price ratio 96.2%

* Prices ranged from $202,000 (McLean Chase) to $754,000 (McLean Place Townhome)

* 4 of the 12 Tysons Corner Condos sold in November were distress sale situations or self-described short sales (Encore of McLean, Gates of McLean + Rotonda)

Data from MRIS

ParkCrest sales not all reported to MRIS by developer

SOLD IN ROTONDA [Tysons Corner Condos]

In August 2010, the most recent past closed month, there were 5 McLean condos sold.  The homes sold in the Rotonda ranged from a 2 bedroom 2 bathroom that sold for $330,000 to a 3 bedroom 3 bathroom that brought in $530,000.  The homes were on the market for an average of 40 days on the market and an average price per square foot of $275.  Only one home had a seller subsidy, and none were distress sales (short sale or bank owned).

Rotonda - Tysons Corner - has 96% sold to list price ratio in August 2010

Compared to previous year, same month – August 2009, this year’s August had one less sale (5 in 2010 vs. 6 in 2009).  While July 2010, the month previous in this same year, had 2 fewer with a total of 3 sold.

UNDER CONTRACT IN ROTONDA [Tysons Corner Condos]

Right now there are 6 condos in the community under contract.  3 are distress situaitons, as 1 is referred to as a foreclosure or bank owned, and 2 others are described as short sales. 

AVAILABLE FOR SALE NOW IN ROTONDA [Tysons Corner Condos]

Right now there are 5 homes available for sale in the Rotonda.  There are a 2 bed 2 bath, three 3 bed 2 baths, and a 3 bed 3 bath model.  The prices range from $349,000 to $599,000.

RENTED IN ROTONDA [Tysons Corner Condos]

August 2010 saw 6 properties rented in the Rotonda.  All but one were 2 bed 2 bath homes.  The outlier was a 2 bed 2 bath and 1 half bath home.  They garnered monthly rents ranging from $1750 to $2650.   These Tysons Corner rentals were on the market an average of 27 days.

FOR RENT NOW IN ROTONDA [Tysons Corner Condos]

Right now there are 6 properties available to lease in the Rotonda.  The asking prices for these Tysons Corner rentals range from $1600/month for a 1 bed 1.5 bath to $2900/month for a 3 bed 3 bath.

For more information about this community, or anything else Tysons Corner, or Real Estate related, feel free to contact =

Jeff Wu

Tysons Corner Real Estate Specialist

Jeff@AgentKnowsHomes.com

data from MRIS

Tysons Corner Condos Sold May 2010

16 Condos (Condominiums) were sold in the Tysons Corner area in Northern Virginia in May 2010.  This includes 22182 (Vienna) and 22102 (McLean)  zip codes.  Properties ranged from a one bedroom one bathroom condo at the Fountains At McLean asking $218,000, with 624 square feet, all the way to a two bedroom two and a half bath condo in the One Park Crest building with 1620 square feet asking $728,000.  Here are some quick stats:

* Tysons Corner Condo real estate changed hands in these condo communities in May 2010 = Fountains at McLean (4), Gates of McLean (3), One Park Crest (2), Regency  At McLean, Rotonda, The Colonies (3), The Westerlies, and Westwood Village

* Average Days on Market = 24

* Average Sold to List Ratio = 99.15%

* Average Subsidy $479 (only 3 had any subsidy)

* Bank Owned or “Foreclosure” properties in Tysons Corner = 2

* Short Sale Transactions in Tysons Corner Condos = 0

* Up 46% over the number of Tysons Corner Transactions settled in May 2009 (same month, previous year)

* up 5.5% over the number of Tysons Corner Condos sold in April 2010 (previous closed month)

Data from MRIS

Sold (April 2010)

In April 2010, just last month, there were 3 properties sold in this Tysons Corner condo community.  The sales in the Rotonda were a 1 bedroom 1 bathroom 992 square foot “C” Model, a 3 bedroom 2 bathroom 1685 square foot “J” Model, and a 2 bedroom 2 bathroom 1132 square foot “F” Model.  These properties were sold for an average of

- 98% of asking price, and 97.8% of asking vs. net sold price

- An average of 107 days on the market

- An average subisdy of $400 per transaction

The 3 Tysons Corner Condos sold in April 2010 is 1 less than the 4 sold in March 2010, a month prior.  And it is exactly even with the 3 sold in April 2009.

Sold in April 2010 - Tysons Corner Real Estate - Rotonda Condos

Almost Sold (Under Contract)

There are 8 properties under contract in the Rotonda Condominium community right now.  These range from a 1 bedroom 1 bathroom short sale property asking $219,900 all the way upto a 3 bedroom 2 bathroom, also a short sale, asking $505,000.

5-17-10 under contract in Rotonda condo community in Tysons Corner Real Estate

For Sale

As Tysons Corner real estate goes, there are 9 properties available for sale in the Rotonda.  These properties range in price from a 2 bedroom 1 bathroom, self described short sale, asking $275,000, all the way upto a 3 bedroom 3 bathroom, normal sale, asking $645,000.  Of the 9 properties for sale, only one – the lowest priced one, is a short sale.

05-17-10 for sale now (Rotonda Condominium) Tysons Corner Real estate

Rented (April 2010)

5 Rotonda properties rented in Tysons Corner in the month of April 2010.  They averaged 71 days on the market.

For Rent

There are 10 properties available to rent right now in this Tysons Corner Community.  They range in asking price from $1,345 a month to $3,300 a month.

data from MRIS

In March 2010 there were 18 condos sold in the Tysons Corner Real Estate Market.  The most of those were in Park Crest, the luxusious new Tysons Corner condominium that is right next door to the (also new) Harris Teeter Grocery, and not far from Tysons Corner Galleria Mall.  Park Crest had 9 of the 18 sales.  That is amazing for a community that was close to 80% sold out before breaking ground then had about half of those people walk away from their deposits when the market turned leaving them in the 40% sold range.  They’ve definately come a good ways from that bottoming out point.  I’m sure it helps that they’re on the FHA approved list now, and of course the drop in their asking prices doesn’t hurt either.  Either way, their luxury and style fits right in with the energy in Tysons Corner.

The rest of the sales of Tysons Corner Condos in March 2010 occured in: Fountains at McLean (3), Gates of McLean, Lillian Court (2), and the Rotonda (3).

Sales ranged as low as $205,000 in the Fountains for a 1 bedroom, to as high as $745,200 for a 2 bedroom 2 bathroom Tysons Corner home.

The non Park Crest Condos (data not tracked for new home days on market) were on the market an average of 54 days. 

Of all the tysons corner condos sold there was an average of $4,300 in subsidy from the seller to the buyer.

3 of the 18 tysons corner condos sold were listed as potential short sales.

0 of the condos, none, of the tysons corner real estate we’re referring to above was listed as bank owned or foreclosure.

The sold vs. list ratio of the properties was 99.5%, while the net sold vs. list ratio was 98.5%.

See all the Tysons Corner Condos sold in March 2010 in the chart below.

Tysons Corner Condos Sold in March 2010

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

Tysons Corner area Home sales in January 2010

- 23 Homes Sold in Tysons Corner Area (22102 McLean Zip Code + 22182 Vienna Zip Code) in January 2010

- The Type of homes sold were = 14 Tysons Corner Single Family Homes, 4 Tysons Corner Townhomes + 5 Tysons Corner Condos

- For all Tysons Corner Area Properties sold in January 2010 the average statistics were [1] 99.68% sold to list price ratio, [2] an average subsidy of $2,456.22 and [3] average of 98 days on the market

- The numbers are somewhat different by property type though:

–> Tysons Corner Single Family Homes = [1] 99.8% sold to list price ratio, [2] average subsidy of $1,942.2, and [3]average of 104 days on the market

–>Tysons Corner Townhomes = [1] 98.9%, sold to list price ratio, [2] $7,325.50 average subsidy, and [3] average of 88 days on the market

–> Tysons Corner Condos = [1] 100% sold to list price ratio, [2] average subsidy of ZERO ($0), and [3] an average of 89.8 days on the market.

- Homes sold in a variety of communities and neighborhoods =

–> Tysons Corner Single Family Homes = Colvins Glen, Estates at Great Falls, McLean Hamlet (2), Peacock Station, Pine Hill, Saddlebrook Farms, Shouse Village, Smith Farm, Spring Hill, Spring Lake, Timberly South, Woodhaven, and Woodside Estates

–> Tysons Corner Townhomes = Colonies of Madrillon, McLean Court, The Reserve at Tysons Corner, and Westwood towns

–> Tysons Corner Condos = Fountains at McLean, Regency at McLean, Rotonda (2), and The Colonies

- Of the 23 homes sold in the Tysons Corner area in January 2010, there was 1 identified as a Short Sale, and 1 identified as a “foreclosure” or bank owned sale

data from MRIS