Fall is almost here and the 2017 real estate market in Tysons Corner Virginia has had another great year so far. March, April and May were again the most popular months for sellers to put their home on the market in the Tysons Corner area (zip codes 22102 and 22182.)
In January, 81 homes were listed for sale in Tysons Corner. That is the highest January number of the last 5 years. In February the numbers were a bit down from last year but far above the 5 year average. While April was a bit slow things caught up again in May listing-wise and the market really took off in May/June with lots of homes selling.
The spring market was more than ready to absorb the listings coming on the market – the number of homes sold in June was an amazing 114 for the 22102/22182 zipcodes (the 5 year average is 82 homes sold.)
So, how is the market in Tysons Corner, Mclean and Vienna? It looks to be doing great. Reasonably priced homes in the area sell quickly at great prices. Prices are pretty stable though. For condominiums prices are still below their peak (not back to 2005 levels yet in most places) and buyers are taking advantage of that.
Anecdotally there seems to be quite a few investor buyers (many with cash.) I can only speculate that people are cashing out from the US stock market or moving money from abroad to the United States. Regardless – despite interest rate hikes there is still a healthy supply of confident buyers looking for homes.
2017 is shaping up to be yet another great year for real estate. Call me today at 703 861-0845 to talk about how I can help make it great for you too!