When is 39% not really 39%?

Good news is that transactions were up for our region, as a whole, 39% for the closed month of January 2009 vs. January 2008. However, this is the Tysons Corner Real Estate Blog. So we should focus in a little more locally.

The two zip codes that combine, border each other, or whatever you want to call it to make up Tysons corner area are 22102 (McLean) and 22182 (Vienna). Neither of these was up 39% in January for transactions. In fact one was up, and the other was down.

The zip code area of 22102 was down 46.15% for the month of January compared to the previous year. The numbers themselves weren't huge, 7 (2009) vs. 13 (2008), for total properties sold.

The zip code area of 22182 was in line with the regional trend, although slightly below the regional rate, with a 20.22% increase in transactions. The numbers were again not overwhelming at 11 (2009) vs. 9 (2008).

So, although those two zipcodes cover more than just the Tysons Corner area, when you put them together they end up with a number of negative 18.28%. That's our 39%.....or not.

[data from MRIS]