McLean, VA Real Estate News

By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
According to Forbes, McLean, Virginia ranks as the fourth most affluent community in the United States based on a median household income of $156,292.  The Forbes website states that "[t]his Washington, D.C., suburb is favored by government insiders because of its upscale homes and easy access to the Dulles Technology Corridor, the Blue Ridge Mountains and upscale shopping mecca Tysons Corner Center."   In garnering the fourth spot on this list, McLean was bested only by Los Altos CA, Darien CT, and Southlake TX.       Being an affluent community translates directly into expensive housing prices.    McLean truly is where the money is at when it comes to real estate.  At 18.5 square miles, McLean comprises a mere 4% of Fairfax County's vast 407 square mile geography.  Yet, with 219 homes...
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By Jeff Wu
(@Home Real Estate)
Let's see what else happened in November besides Black Friday! In the Fountains at McLean there was 1 property SOLD. That property was a one bedroom in one of the mid-rise buildings. It Sold for $230,000. That property was on the market for 189 days. They originally started asking $264,500. One can only assume that was a tad on the high side, even for 6 months ago.There were 4 transactions closed on the rental side in November. One was a 2 bedroom, all three of the others were 1 bedrooms. The 2 bedroom rented for $1580/month, and took 79 days on the market. While the 3 one bedrooms rented for an aveage of $1250/month and 39 days on the market.That's it for November. The turkey has been eaten!(data from MRIS)
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By Jason Ellis
(Coastal REO Solutions - Myrtle Beach Short Sales & REO's)
  Virginia & Maryland Realtors ® Legends Real Estate will be promoting Sago Plantation at Legends, Myrtle Beach’s Newest Gated - Natural Gas community, at the Live South Real Estate Expo January 9-11 2009… The venue for the Real Estate Show is, The Ritz-Carlton - Tyson’s Corner - in McLean, VA. Friday January 9th          5pm – 8pm Saturday January 10th    10am – 5pm Sunday January 11th      11am – 3pm Free Show Tickets The tickets are great to give out to your customers or potential customers – Just be sure to register them with my office – referral form HERE>> Realtor's over 70% of my sales come from Buyers in your Market! My typical Buyer: 3 to 5 years from moving - "Buy Now, Build Later" it is time to capitalize on this Buyers Market! What they are looking for: Home-site that they c...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Selling a home in Maryland or a home in Virginia?  Selling a home today in Maryland or Virginia is quite different from just a short time ago.  There are so many factors in play.  Banks are requiring more recent sales numbers so appraisals will be confined to the most recent history to compare your home to those recently sold.  In the past, foreclosures and hardship appraisals would most likely be have been dismissed.  Today that is a different story.  Sale of recent comparitive properties in your immediate neighborhoods will most likely include bank owned properties, short sales and foreclosures.  Those distress sales will have an immediate impact on your own home's price.  They will seel substantially below market, and thus pulling other neighborhood homes down in price. If you are th...
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By Jeff Wu
(@Home Real Estate)
The Gates of McLean annual meeting was held yesterday evening. There was a good agenda. It was filled with useful information and effective presenters. I was very happy to be able to help coordinate the attendance of the first presenters, the Dulles Metro and the HOT lanes. Both groups talked about their projects, the updates, the benefits, the construction, and the timing. There were good explanations of what they're trying to do to improve our area transportation options. The metro stop will be literally a block or less from the Gates of McLean. It could end up being a real benefit to the community. The HOT lanes will also have specific on and off ramps into the Tysons area. Both projects are slated to finish around 2013.Next on the agenda was the Fairfax County Police. They gave a go...
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There were 8 of home sold in the Fountains at McLean in the 3rd quarter of 2008.5 One Bedrooms- Average Sold Price = $237,600- Models Sold = Spruce (2), Birch (2) + Cedar3 Two Bedrooms- Average Sold Price = $287,000- Models Sold = Dogwood (2) + OakThe 3rd Quarter had an increase in sales over the 4 total sold homes in the 2nd Quarter of 2008.(data from MRIS)
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There were 9 of home sold in the Gates of McLean in the 3rd quarter of 2008.3 One Bedrooms- Average Sold Price = $226,000- Models Sold = Danielle (2) + Shannon6 Two Bedrooms- Average Sold Price = $333,583- Models Sold = Modified Christine, Preston, Dalton, Logan, + Chandler (2)0 Three Bedrooms- Note of interest = However, one of the two bedrooms was a modified three bedroom.The 3rd Quarter had an increase in sales over the 5 total sold homes in the 2nd Quarter of 2008.(data from MRIS)
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The weather is getting colder, and so is the pace of real estate.See the September statistics below:1 home SOLD in September at The Gates of McLean- One 1 Bedrooms--> SOLD Price = $225,000--> Model SOLD = Danielle- Zero 2 Bedrooms- ZERO 3 BedroomsRENTALS:3 homes RENTED in the month of September- One1 Bedroom--> RENTED Price = $1300/month- Two 2 Bedrooms--> High RENTED Price = $1800/month--> Low RENTED Price = $1700/month--> Average RENTED Price = $1750/month- Zero 3 BedroomCLICK HERE --> For more Stats and Downloadable Gates of McLean informationInformation gathered from the MRIS. Information is deemed reliable, but not accurate.
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By Jeff Wu
(@Home Real Estate)
Well kids are back in school, and now September is part of the past.But what of the listings for sale? or for rent?See the statistics below:1 home SOLD in September in the Fountains at McLean- It was a 2 Bedroom 2 Bathroom home--> SOLD Price = $254,900--> Model = DogwoodRENTALS:2 homes RENTED in the month of August- Two2 Bedrooms--> High RENTED Price = $1675/month--> Low RENTED Price = $1600/month--> Average RENTED Price = $1638/monthCLICK HERE --> for more Fountains Stats and Downloadable informationInformation gathered from the MRIS. Information is deemed reliable, but not accurate.
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
McLean Virginia 22101 Real Estate Statistics - McLean VA 22101 Home Sales McLean VA Real Estate.  McLean Virginia 22101 Homes Sales.  The most recent statistics for McLean Virginia homes sales have just been released on September 10 2008.  Basically the statistics show a drop in McLean Virginia 22012 homes sales from 42 sales a year  ago to 40 this year.  A drop of 10.72% in the average sold price and an increase of days on market from 96 average days on market last year to 105 Average days on market to sell a home in McLean Virginia this year.  The problem in this price range is the average price of the homes sold.  Financing is harder to find in these price ranges, but because of McLean VA 22101 proximity to Washington DC and all of northern Virginia it is a great place for foreign pu...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
McLean Virginia 22102 Real Estate Statistics - McLean VA 22102 Home Sales McLean VA Real Estate.  McLean Virginia 22102 Homes Sales.  The most recent statistics for McLean Virginia homes sales have just been released on September 10 2008.  Basically the statistics show a drop in McLean Virginia 22012 homes sales from 33 sales year a drop of 18.18% and an increase of days on market from 96 average days on market last year to 118 Average days on market to sell a home in McLean Virginia this year.  The problem in this price range is the average price of the homes sold.  Financing is harder to find in these price ranges, but because of McLean VA 22102 proximity to Washington DC and all of northern Virginia it is a great place for foreign purchasers to buy a home in McLean Virignia right nex...
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By Donny Samson Team, Great Service at a Great Price
(Samson Properties)
Hi All, Here is a great article concerning recent financial market news. Hoping this will help keep you informed! NEW YORK, Sept 19 (Reuters) - Interest rates on 30-year fixed-rate mortgages climbed on Friday as a result of news of a sweeping U.S. government plan to contain the credit crisis. The 30-year fixed-rate mortgage rose to near 6.25 percent on Friday versus 6.16 percent on Thursday and 5.875 percent on Tuesday when the global credit crises was in full swing, according to Greg McBride, senior financial analyst at Bankrate, Inc, in North Palm Beach, Florida. "The revelation that the Treasury plans to take certain debt off the books of financial institutions helped push mortgage rates higher," he said. "Mortgage rates, however, are still low enough and are not a barrier to afforda...
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By Jeff Wu
(@Home Real Estate)
The lending environment is tighter than ever right now. Well at least much, much, and super much tighter than recent years. In fact FHA loans have become back in style because they are pretty much the lowest down payment loans available now. Sure, don't get me wrong, there are always some unique programs out there that may or may not work for people. However I'm speaking in generalities right now. And right now loans are harder to get. Well one of the market areas, or sub-markets, of the real estate market that is affected even more so by these changes is the condominium market (lovingly referred to as condos). FHA has an Approved condo list in every area. Many areas have few to even fewer approved communities on this list though. Why is that? I don't know. It may have something to do w...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
McLean Virginia Market Update | McLean VA Homes - Fee Simple, Detached Single Family Homes Real Estate Market Report - McLean VA Luxury Homes As of today September 21, 2008 there are 286 active single family fee simple detached McLean homes for sale in our MRIS system.  McLean Virginia Homes for Sale McLean Virginia is located in northern Fairfax County northern VA just west of McLean Virginia, Tyson's Corner and Washington DC.  Luxury homes and estates are common in McLean Virginia because of its prime location to all.  McLean Virginia offers an easy commute to the entire DC area via 7, Dulles Toll Road.  It is convenient to Dulles Airport, Loudoun County, DC, the 495  Beltway, Wolf Trap and more! It makes sense to own  homes in McLean Virginia.  Location, location, location! 286Active...
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By Jay Hurst, Luxury Homes in McLean, Tyson's, and Great Falls
(Coldwell Banker Luxury)
Many of my agent friends have been sitting around talking about " the bottom of the market". Interesting. The theory is that at some point,home prices do cease dropping, and stabilize. Then at some point begin to rise. History tell us this will happen. Why are they waiting for this? They want things to go back to the “bubble” time a few years back. They also feel there is a pent up demand. More on that in my next blog.Well, I am proud to say that in most of the areas in McLean and Vienna we began seeing this trend towards the end of July.Does that mean it is time to buy ( for you folks sitting on the fence )?Sure. But, it is always a good time to buy if you plan to use your home as a home, and not simply as a share of stock.Here is the rub. We see interest rates heading back up for vari...
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By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
When you move to a new area with children, chances are that one of the first things you look at are the schools.  The quality of the public education is a major factor for many people in determining where to purchase their next home.  Even families without children will want to consider the public school system in their housing decision since this is one factor that can greatly affect resale values. Every year, Newsweek Magazine compiles their list of the top public high schools in America.  And every year high schools throughout Northern Virginia capture many of the top spots on this list.  In fact, in 2008, eight Northern Virginia public high schools made the top 100.  Another seven placed in the top 200, and there are many other area schools on Newsweek's list of the Top 1,300 U.S. P...
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By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
Money Magazine recently detailed the towns and cities with the highest median family incomes in the country.  It's no surprise that McLean, Virginia made this list.  Traditionally viewed as one of the ritziest communities in the Washington, D.C. metro area, McLean placed #8 on Money Magazine's list.  See the full list here. With a population of just 40,715, McLean boasts a median family income of $180,103.  The Money Magazine snippet states that some powerful movers and shakers make McLean their home, including Supreme Court Justice Antonin Scalia, Democratic Senators Ted Kennedy and Patrick Leahy, as well as many Washington area business leaders. While the article reports that the median home price in McLean is $840,000, take a look at some of the following real estate statistics for t...
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By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
Are you wondering about Northern Virginia real estate and pondering what has sold recently? Here's some information about the most expensive home sales in Northern Virginia (Arlington County, Alexandria City, Fairfax City, Fairfax County, and Falls Church City) for July 2008.  All information was obtained through MRIS. JULY'S MOST EXPENSIVE SALES Single Family Detached Homes: 619 S. Lee Street, Alexandria, VA 22314 -- Sold on July 9th for $4,759,000.This 4 bedroom 5 bathroom home on .82 acre in the middle of Old Town Alexandria was built in 1800 with 8 fireplaces and includes a 2 bedroom carriage house. 914 Whann Avenue, McLean, VA 22101 -- Sold on July 10th for $3,788,000.A brand new 6 bedroom 6 full and 3 half bath home with over 10,000 square feet of living space includes an elevator...
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Friday, July 18, 2008 (6:00 PM-10:00 PM)Wiseacres Comedy Club8401 Westpark DriveMcLean, VA 22102If you haven't had a good laugh lately, then you should check out A Night of Comic Pain Relief presented by the Power of Pain Foundation. This is the second annual show & it is right around the corner - scheduled for July 18, 2008 at Wiseacres Comedy Club in Tyson's Corner. Tickets are on sale now. The comedians include Big Al, Jasper Reed from comedy central and Virginia native Marby Ingle.The Foundation's programs are geared to Neuropathy Pain Disorders such as Diabetic Neuropathy, Post Cancer Pain and Reflex Sympathetic Dystrophy (RSD). All proceeds from the event are used in awareness programs, research, patient supports and Education programs for Healthcare Professionals, Patients and Pu...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
MCLEAN VIRGINIA for NEW HOMES.  Just look at the fabulous features available to new home buyers in McLean, Virginia.  A search for for luxury homes in Fairfax County Virginia starts with McLean. Homes in McLean are convenient, beautiful with shopping, a quick commute to Georgetown or downtown DC, and one of the locations of choice for luxury home buyers in Northern Virginia. Real estate in McLean is in a lovely area bordering the Potomac River offering newer luxury homes and older homes with mature trees, parks and conveniences. Tour the following pages and you'll be ready to take a personal tour of single family homes, town homes or condominium homes in McLean, Virginia. Contact us, we can help. WORLD CLASS SHOPPING TOP RANKED PUBLIC SCHOOLS CONVENIENT TRANSPORTATION TO DC, PENTAGON QU...
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