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

This Tysons Corner condo community is tucked away where many don’t know about it.  However it had some good sales in september.  Although it’s definately in Tysons Corner, it is in the Vienna side (22182 zip code).  Last month there were 2 homes sold in this community.  Both were 2 level two bedroom two bathroom homes.  One was a upper style (bedrooms on the top floor – listed as a Tiffany C model) and the other was a lower style (bedrooms on the lower level – listed as a Victoria B model).  These homes sold for an average of $372,500 and gave an average seller subsidy to the buyer of $7,900.  These Tysons Corner condos were on the market an average of 45 days.  The Westwood Village price per square foot in September was $382 (net).

Right now there are 6 similar properties for rent, ranging in asking price from $1,700 to $2,000/month.  There is one with an application registered, that was asking $1,695.  There are also 3 properties undercontract in Westwood Village.

data from MRIS