rentals: Westwood Village in Tysons Corner - 3 year high in Sold Price! = August 2010 - 09/05/10 03:54 PM
SOLD IN WESTWOOD VILLAGE [TYSONS CORNER]
In the recently completed month of August 1 Tysons Corner condo was sold in the communty of Westwood Village. This hidden community, is tucked behind the Sheraton, not far from the intersection of Spring Hill Road and Route 7.  Which is where one of the new Tysons Corner Metro stations will eventually be on the Silver Line.  The home that sold was a 1580 square foot 2 bedroom 2.5 bathroom 2 level condo.  It sold for $450,000 when asking $467,900.  There was no seller subsidy.  That's a sold to list price ratio of 96% for this … (0 comments)

rentals: Rentals can't smell - 09/01/09 03:01 PM
It's funny, I've always thought that the main thing in rentals is the price.  Well, I still think that.  But the point of this is that there are indeed other factors.  Odor is one of those.  There are even more, but odor is the one I'll focus on for now.
When someone is living in a property, rental or for sale - they have distinct habits, eating paterns, cleaning disciplines, and other general lifestyle behaviors.  Believe it or not, we all have somewhat different qualities like the ones I've described.  So it should come as no surprise when others do not … (3 comments)

rentals: Gates of McLean - 1 sold in July 2009 - 08/10/09 01:59 PM
1 property sold in the Gates of McLean in Tysosn corner in July 2009. It was a bank owned property on the top floor of building 1580. This property was on the market for 16 days, and it had multiple offers. It was originally asking $190,971, and sold for $193,000 in CASH. The one bedroom one bathroom home was a 642 square foot Chelsea model. There was no seller subsidy to the buyer in this transaction. The price per square foot was $300.62.July of 2009 compared very poorly in terms of number of transactions to the same month last year (July … (0 comments)

rentals: Lillian Court in Tysons Corner July 2009 Sales + Rental Re-cap - 08/08/09 02:01 PM
In Lillian Court, the tysons corner condominium community directly next to the Tysons Galleria mall, there was one property sold in July 2009. This property sold for $330,000 when asking $349,000. There was no seller contribution to the buyer's closing costs. The property was on the market 15 days. It was not a short sale, foreclosure, or bank owned property. The property sold with an average of $346.27 per square foot. It was a 2 bedroom 2 bathroom "Michael" model in building 1625.This compared favorably to the same month last year, July 2008, when there were no (zero = 0) properties … (2 comments)

rentals: Rotonda in Tysons Corner Real Estate Re-cap for July 2009 - 08/08/09 01:38 PM
3 properties were SOLD in the Rotonda in Tysons Corner in the month of July 2009. The properties Sold were = 1) A J model, 3 bedroom 2 bathroom, home in building 8380. This property was asking $399,900 at time of contract, and sold for $390,000 with no subsidy. The home was on the market for 214 days, and originally listed at $444,900.2) A 2 bedroom 1.5 bathroom, D model, in building 8370. This home sold for $334,000 when it was asking $339,000. The property sold in 13 days. There was no subsidy, or seller closing cost contribution on this transaction.3) … (0 comments)

rentals: 01-25-09 = Today's Snapshot = Shirlington Village (Arlington) - 01/25/09 12:43 AM
There have been no SOLD properties of record this year for Shirlington Village, so let's talk about what's available.  I have data on 2 units that are available for purchase.  There is a one bedroom 2 bathroom with over 1000 square feet that his been on the market for over 150 days.  Then there is a one bedroom one bathroom model that has been on the market for just about as long, save a few days.  Both are located on the seventh floor.

While there has been 1 property rented this month.  It was a 2 bedroom 2 bathroom model … (0 comments)

rentals: 4th Quarter 2008 Review - Rotonda (Tysons Corner) - 01/09/09 07:06 AM
In the 4th Quarter of 2008 there were 8 SOLD properties in the Rotonda. The majority of those, 5, were 2 bedroom 2 bathroom models. More data is below.However as a whole the community averages for the 4th Quarter of 2008 are as follows = - 94.8% Net Sold to List price ratio- 132 Average Days on the Market- $1,812.50 Average Seller ConcessionsIn the 4th Quarter of 2008 there was slightly more happening in the Rental market in the Rotonda. 9 properties were RENTED in that quarter. Unlike in the sales side, the majority of these, 6, were 1 bedroom 1 … (0 comments)

rentals: Rotonda has some sales in December 2008 - month recap - 01/02/09 02:03 PM
The Rotonda was significantly more active in terms of Real Estate transactions compared to most of ther other Tysons Corner communities for December 2008. There were 5 SOLD properties, and "x" RENTED properties.Of the 5 SOLD properties this month, 4 were 2 bedroom 2 bathroom style, the other 1 was a 1 bedroom 1 bathroom. These 2 bedrooms averaged out to sell for $362,225 and in an average of 117 days on the market. The high SOLD price was $385,000, with the low SOLD price being $290,000. There was also an average subsidy, to the buyer, of $2,375.The 1 bedroom settled … (0 comments)

rentals: Fountains at McLean - water still on for something in December 2008 - 01/02/09 01:47 PM
Although the temperatures aren't very high in December there was still some life in the Fountains real estate market.In December there were 1 SOLD property, and 3 RENTED properties at the Fountains at McLean.The property that SOLD in December was a 1 bedroom 1 bathroom Pine model. It took 174 days to get a CONTRACT. The home sold for $215,000 and gave the buyer another $5,500 in subsidy. That equals out to a net to the seller of $209,500. This was also equivelant to 89% of the original asking price.The 3 properties that RENTED in this month were all of the … (0 comments)

rentals: Sales and Rentals (NOT) in December 2008 in the Gates of McLean - 01/02/09 01:33 PM
What happened in the Gates of McLean in December of 2008? Well in terms of Real Estate, here's a recap:There was 1 SOLD property, and 0 (zero) properties that RENTED.The property that SOLD was a 2 bedroom 2 bathroom Preston model. This is the biggest 2 bedroom in the mid-rise buildings (see earlier blog if not sure about mid-rise vs. garden style building). This home sold for $$317,000 with a subsidy of $8,000. So an effective net price to the seller of $309,000. Coincidentally this was a bank owned property.The lack of rental activity is not suprising. December is one of … (0 comments)

rentals: Lillian Court (Tyons Corner) - December 2008 in Review - 01/02/09 01:19 PM
December is always a fun month in general. Lots of Holidays, and the coming of the new year. This year was no different. However, all those things are independant of real estate.In the Lillian Court neighborhood in December there was 1 property SOLD, and 4 properties RENTED.The only SOLD property of the month was a 2 bedroom 2 bathroom 1002 square foot Jacob model. It SOLD for $370,000. The property was on the market for 30 days. When first going on the market it had been available simultaneously for RENT or for SALE. It SOLD for 92.5% of it's original list … (0 comments)

rentals: 12-29-08 = Available NOW (BUY or RENT) @ Lillian Court - 12/29/08 12:04 PM
The Lillian Court real estate market has 7 properties available right now. 4 of those are for rent, and the other 3 are for purchase.RentThere are 4 completely different homes for rent. And accordingly so, they all have a different rental asking price.- One Bedroom One Bathroom asking $1,350/month- Two Bedroom One Bathroom asking $1,496/month- Three Bedroom Three Bathroom, on Two levels, asking $2,300/month- Two Bedroom Two Bathroom asking $2,500/monthFor PurchaseJust like the properties for rent there are 3 different models for sale, and each has a different asking price to buy.- One Bedroom One Bathroom asking $249,900- Two Bedroom One … (0 comments)

rentals: Still no sales! (Shirlington Village) - 11/07/08 12:49 PM
All last month there were no sold properties in Shirlington Village (2720 Arlington Mill Dr, S - 22206). That means a Zero (0) for October. There were similarly Zero (0) in September, and Zero (0) in August. The last SOLD property in the building is shown as closing July 28th.Right now there are 5 properties available for sale, and another 5 available for rent. One of which is listed both for sale and rent.
Sellers/Owners look for answers. At any given price something will happen, it's possible that many are not willing to go to that price. November and December, historically, … (0 comments)

rentals: Shirlington Sales to Rentals - 10/08/08 03:22 PM
Nothing has SOLD in the building (*based on MRIS data, as are all other data points mentioned in this blog post) since the end of July. There is nothing under contract as well. On the norm it takes 30-60 days on the norm to get from contract to settlement. So at this rate there will be no SOLD properties, even if one of those listed gets a contract tomorrow, until November or December.And this time of year isn't really known for the pick up in real estate sales. That independant of itself would be enough to make sellers get the serious … (0 comments)

rentals: Shirlington Village September Real Estate - 10/02/08 02:36 PM
Will this trendy area be able to withstand the seasonal drop off of real estate transactions?See the September statistics below:ZERO homes SOLD in September at Shirlington VillageOne that's available now = http://picasaweb.google.com/AgentKnows/ShirlingtonVillageLoftCondoForSale#ZERO homes RENTED in the month of SeptemberOne that's available now = http://picasaweb.google.com/AgentKnows/2720ArlingtonMillDrS2BedroomForRENT#CLICK HERE --> For more Stats and Downloadable Shirlington Village informationInformation gathered from the MRIS. Information is deemed reliable, but not accurate.
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rentals: September Rental/Sales Statistics = Gates of McLean - 10/02/08 01:36 PM
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.
… (0 comments)

rentals: September Fountains at McLean Sales/Rental Data - 10/02/08 01:14 PM
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.
… (0 comments)

rentals: Where does the inventory go? - 08/22/08 02:22 PM
For a while after the market turned the rental market was somewhat HOT. Many chose not to buy, or their financial situation made it so that they weren't able to buy. Well this turned buyers into renters. And with supply and demand factors that greatly increased the demand for rental property. That was good for landlords. Many properties rented quickly, and for sizeable rents. Landlords increased rents they were asking, and often got it.Well that same market continued, and since buyers weren't buying sellers started to have problems. If they couldn't sell what would they do? They decided to try to … (1 comments)