Fountains at McLean July 2009 Sales Recap

4 homes sold in the Fountains at McLean in Tysons Corner in July 2009. All four of those sold properties were 2 bedroom 2 bathroom homes. The models were: Oak, Willow, Oak, and Dogwood. One of the 4 was in a mid-rise, secure building. The other 3 were in Garden Style buildings. The high sold price was $315,000. The low sold price was $285,000. 2 of the properties were REO, bank-owned properties, more commonly referred to as foreclosures. One was a short sale. And one was a traditional sale. The July 2009 Fountains at McLean real estate statistics for sold properties are = [1] average of $293.23 per square foot + [2] average of 38.75 days on the market.

July 2009 kept a steady pace with July of 2008, as they both had 4 SOLD properties at this Tysons Corner Condo community. Last years statistics were = [3] $311.85 per square foot and [4] and an average of 79.5 days on the market. So this year the sold statistics for the month of July improved in market time, but had a decrease in the price per square foot.

In July 2009 there were also 4 properties rented. 2 were one bedrooms, and 2 were two bedroom properties.

Currently there are 13 properties on the market in the Fountains at Mclean. 6 are for RENT, and the other 7 are for Sale. Here is a graphic of those properties =

data from MRIS

Fountains in McLean in May 2009

2 Homes were Sold in the Fountains at McLean in May 2009. A one bedroom, bank owned elm model, for $200,000 and $4,602 in seller concessions. This property was asking $184,900 at time of contract - but as you can see it was bid up in price.

The other property sold in May 2009 was a 2 bedroom 2 bathroom, Oak model, that settled for $315,000 with no seller subsidy. This was a regular sale. They were asking $324,900 at time of contract. So these two properties sold in an average of 28 days on market for an average of $295.52/per square foot.

The 2 homes sold in May 2009 is double the activity of last year, May 2008, where only 1 home sold in that period. It was a bank owned 2 bedroom 2 bathroom, Magnolia Model, that sold for $320,000 and $7,500 in seller concenssions. So a net price of $312,500, and a price per square foot of $322.50.

Right now in the Fountains at McLean, in Tysons Corner, there are 2 properties available to purchase. The first is a bank owned 2 bedroom 2 bathroom, Willow Model, that is asking $306,800. The second is a 1 bedroom 1 bathroom, Pine Model, asking $224,900.

In terms of rentals, there are now 7 available properties for rent in the Fountains at McLean. 5 of those available are 2 bedroom 2 bathroom models, ranging from $1,599/month to $1,900/month in asking price. The other two properties available for rent are 1 bedroom 1 bathroom models asking $1,250/month and $1,300/month in rent.

Fountains not on in December (2008) - recap of month

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 1 bedroom 1 bathroom variety. They RENTED for an average of $1300/month, and in an average of 97 days on the market. There was a high rent of $1350/month, and a low rent of $1250/month. The properties that RENTED were all 3 different models: Spruce, Birch, and Elm.

(data from MRIS)

Fountains at McLean = November 08 in Review

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)

3rd Quarter Home Sales Summary

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) + Cedar

3 Two Bedrooms
- Average Sold Price = $287,000
- Models Sold = Dogwood (2) + Oak

The 3rd Quarter had an increase in sales over the 4 total sold homes in the 2nd Quarter of 2008.

(data from MRIS)

September Sales + Rental Data (Fountains)

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 = Dogwood

RENTALS:
2 homes RENTED in the month of August

- Two2 Bedrooms
--> High RENTED Price = $1675/month
--> Low RENTED Price = $1600/month
--> Average RENTED Price = $1638/month

CLICK HERE --> for more Fountains Stats and Downloadable information

Information gathered from the MRIS. Information is deemed reliable, but not accurate.

August Sales Statistics 2008

August has come and gone. But what of the listings for sale? or for rent? See the statistics below:

4 homes SOLD in August in the Fountains at McLean

- Three 1 Bedrooms
--> High SOLD Price = $250,000
--> Low SOLD Price = $215,000
--> Average SOLD Price = $230,000
--> Average Subsidy = $5,483
--> Models SOLD = Cedar, Spruce, + Birch


- One 2 Bedroom
--> SOLD Price = $316,100
--> Subsidy = $8,500
--> Model SOLD = Oak

RENTALS:

4 homes RENTED in the month of August

- One 1 Bedroom
--> RENTED Price = $1350/month

- Three 2 Bedrooms
--> High RENTED Price = $1800/month
--> Low RENTED Price = $1600/month
--> Average RENTED Price = $1667/month

CLICK HERE --> for more Fountains Stats and Downloadable information

Information gathered from the MRIS. Information is deemed reliable, but not accurate.