Tysons Corner, Virginia is home to numerous big-name companies, the highest concentration of office and retail space on the East Coast after New York City, some wonderful restaurants, large shopping malls, world-class hotels, and lots of traffic. Some of this traffic should be alleviated over the next 5-10 years with the planned completion of the Metro rail through Tysons Corner en route to Dulles Airport.
Many people commute to Tysons Corner as their place of business in the D.C. metro area. Fewer people actually live there at night, but those that do enjoy the amenities that the area has to offer. Condominiums form the majority of the homes available in Tysons Corner.
Tysons itself is an unincorporated area between McLean, Virginia and Vienna, Virginia.
How much do condos in Tysons Corner cost?
In November 2007, there were 13 sales of condos in Tysons Corner at an overall average price of $351,823. Taking into account the average seller subsidy of $1,231, the average net sales price was $350,592 -- equivalent to 94.81% of the listing price.
Of the 88 condominium units on the market as of December 11, 2007, there are:
- 30 one bedroom condos at an average listing price of $321,711
- 44 two bedroom condos at an average listing price of $411,602
- 14 three bedroom condos at an average listing price of $577,944
There have been 161 condo units sold in the first 11 months of 2007, or approximately 14.6 sales per month. Thus, the current inventory reflects approximately a 6 month supply of condos in Tysons Corner.
Here is a detailed cost summary of the asking prices of currently available units for some of the most popular condominiums in Tysons Corner:
| Condominium | 1 BR Avg. Price | 2 BR Avg. Price | 3 BR Avg. Price |
| The Colonies | $251,988 | $303,600 | $382,000 |
| Encore of McLean | $299,000 | $398,557 | X |
| Fountains of McLean | $267,956 | $333,700 | X |
| Gates of McLean | $294,132 | $380,948 | X |
| Lillian Court at Tysons | X | $410,857 | X |
| Park Crest Condominiums * | $569,900 | $676,400 | $2,187,900 |
| Regency Club of McLean | $303,467 | $450,000 | $549,000 |
| Rotonda | $301,257 | $410,570 | $623,380 |
* Park Crest Condominiums are luxury condos in the heart of Tysons Corner currently under construction to be completed in 2008. The 3 bedroom unit for $2,187,900 is a penthouse luxury unit consisting of 3 bedrooms, 3.5 bathrooms and over 2200 square feet of living space. That figure was not used in the computation of the averages that appear above.
CLICK HERE TO FIND A TYSONS CORNER CONDO TODAY
More information about condo prices in other Northern Virginia areas:
Condos in Arlington Virginia: How Much Do They Cost?
Condos in Alexandria: How Much Do They Cost?
UPDATE: Tysons Corner Center had a recent renovation and expansion and is now the country's 6th largest mall!
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