Are AndresenTysons Corner Real Estate For Sale
your sixth sense in real estate
If you followed our earlier articles in this series "The Craig's List Ad", "7 Questions You Are Allowed to Ask", "The Showing Appointment" and read our articles on Overcrowding, Renters Insurance and "My Tenants' Dog Ate My Hardwood" you should have a good idea of what lies ahead as a landlord and be prepared for the final step - qualifying and selecting your tenants! So, lets say you met some nice tenants at your property and one you particularly liked fit one or more of the...Continue Reading!
With the inventory of homes low in much of Northern Virginia purchasers are looking wherever they can for homes that are not listed in the Multiple Listing services (MRIS.) The first place they look is typically for foreclosures. The "foreclosures" in the MRIS are not typically true foreclosures though - they are homes that have already been foreclosed upon and are now owned by banks. They are what should be correctly called REO or "bank owned properties." REO properties are sold by...Continue Reading!
There has been a good level of activity in Woodburn Village this year with 16 sales this year (up to 8/13/2012.) Last year there was a total of 28 sales, so the number of transactions may end up a little bit down for this year. One great piece of news is that the number of distressed sales keep going down. In 2009, only 23% of the sales were normal sales, in 2010 33%, in 2011 57% of the sales were normal and this...Continue Reading!
Based on the first seven months of 2012 the Tysons Corner (Vienna and McLean) market will remain strong. The 2012 spring and summer market has followed the trends of 2011 with about the same amount of homes coming on the market. July did see less activity so it will be exciting to see what August will bring. The number of closings are up some but overall I expect this year to be the same as last year. For the rest of the summer we'll probably...Continue Reading!
The market activity at Idylwood Towers has slowed a lot this year. The prices are also continuing to go down (apart from a small bump in 2010.) There were 22 homes sold in 2011 - up to this point only 7 homes have sold this year (8/17/2012.) The lowest price was a junior 1br/1ba at $135,000. The highest price was a 2br/2ba property at $222,000 (that asked $250,000 initially...) As can be seen by the graph to the right, the percentage of distressed...Continue Reading!
Real estate in the Pimmit Hills subdivision in Falls Church is doing well in 2012. About 30 homes have sold so far this year with high demand for homes. As usual anything listed in the $300s sell very quickly. The foreclosures and short sales in the community keep going down - so far this year there has been a few short sales but no foreclosure. Prices in the neighborhood have stabilized and there is great construction activity throughout Pimmit Hills. (more…)Continue Reading!
The sales activity at the Gates of McLean is continuing at about the same pace in 2012 as last year. With the new Silver Line McLean Metro stop "almost there" the community remains very popular with homeowners and investors alike. There were 24 homes sold in 2010 and 22 homes sold in 2011. In 2012 18 homes have sold so far this year. The average sales price has increased by about $10,000 for each of the models this year - so we are...Continue Reading!
We currently have for sale a great updated home on Great Falls Street in McLean. It is a 4 bedroom, 3 bath split level that has been updated throughout and shows great. The price is $699,000. The upper floor has three bedrooms (all with hardwood floors) and two full baths. The main level has a living and dining room with hardwood floors, the updated kitchen and a wood burning fireplace. The lower level has a large rec room with new berber...Continue Reading!
There is great excitement in Tysons Corner these days with the HOT Lanes and new Silver Line metro nearing completion. Many new communities will now be within walking distance to the metro for the first time - Fountains at McLean being one of them. The number of sales in 2012 seems to be on track for the Fountains at McLean. This year there has been 11 sales so far (versus 15 in 2011 and 24 in 2010.) The prices in 2012 are still struggling to...Continue Reading!
The market in Fairfax County (Virginia) is still holding up well in 2012. The number of transactions for 2012 seem to be on par with 2010 and 2011. The prices seems to also have held up well thanks to low interest rates and good employment opportunities. A lot of the attention in real estate has been towards distressed sales the last few years. While foreclosures and short-sales never really ruined the market in Fairfax County as a whole, some areas did see...Continue Reading!