McLean/Tysons Corner, VA Market Report – 1/11/2012

11 Jan
January 11, 2012

They say the only thing constant is change.

Tysons Corner is going through changes and there is no doubt about it as you pass by on the Beltway.  Just when you think you’ve gotten the roads figured out, they change. But don’t worry, this too shall pass. Since the only thing constant is change and change is good, you can bet Tysons Corner will be bigger and better than ever when construction is complete and the metro system is in place.

The figures below might be an indication of the holiday traffic conditions in the Tysons Corner area during December. It shows a slight drop in total revenue from the month before. While the number of units sold came down slightly, the average sales prices have increased.

December 2011 December 2010 November 2011
Total Revenue $29,477,490 $29,810,353 $29,990,700
Average Sold Price $823,796 $689,000 $685,213
Units Sold 36 43 44
Days on Market 93 81.5 50.5
Active Listings 131 164 158
New Listings 25 33 48
Pending Sales 58 58 74

With interest rates at an all time low and ongoing plans to make Tysons Corner a walkable, sustainable, 24-hour urban center where you’ll live, work and play; people are going to take advantage of these wonderful market conditions and buy in the Tysons Corner area. It’s an exciting, dynamic place to live and will only get better with time. It’s going to be a place where you can have it all – business, shopping, entertainment and right now, affordable housing. “Work to live!”

Want to see what’s available?  Contact us at AveryHess.com.

Market data and commentary provided by Charlie Carroll and Pattie Mancini

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