Sunday, February 22, 2009

New Listing = 1524 Lincoln Way #109

Tysons Corner is a big job center. It's also a lot of fun with the Tysons Corner Center Mall, Tysons Galleria, plus lots of other great shopping. Construction is underway for 4 metro stations in the Tysons Corner area. Along with those metro stations, many developers have ideas to make the idea even more fun and trendy. This is the place to be now and in the future. So come and live here!

This home has been amazingly made over from top to bottom, or floor to ceiling. There are upgrades almost every where you look. From the expansive granite countertops that flow from the kitchen into the living area to the bamboo flooring to the upgraded lighting. There is a vessel sink in the fun modern bathroom. Come take a look. You'll like the deck, the extra storage, the walk-in closet in the bedroom, and of course garage parking.

Plus this home is located in a community full of amenities: clubhouse, table tennis, pool table, outdoor pool, fitness center, meeting room, party room, walking path, gated building, pet friendly, and more. This home is also convenient to Harris Teeter (a great brand new grocery - WALK!) and major roads: 495, 7, 123, 66, 267, and more!

Virtual Tour = http://www.homevisit.com/tour/vtour.asp?id=36638

Tons of photos = http://picasaweb.google.com/AgentKnows/1524LincolnWay109McLeanVA22102?feat=directlink

For more information or to see this property, contact:

Jeff Wu
Tysons Corner Specialist
Weichert, Realtors
AgentKnowsHomes.com
703-938-6070x198
240-994-7938
Jeff@AgentKnowsHomes.com
Licensed VA + MD
Equal Housing Opportunity

Friday, January 2, 2009

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)

Sunday, December 7, 2008

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)

Sunday, October 12, 2008

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)

Thursday, October 2, 2008

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.

Tuesday, September 23, 2008

Guilty Party or Victim of the System?

The lending environment is tighter than ever right now. Well at least much, much, and super much tighter than recent years. In fact FHA loans have become back in style because they are pretty much the lowest down payment loans available now. Sure, don't get me wrong, there are always some unique programs out there that may or may not work for people. However I'm speaking in generalities right now. And right now loans are harder to get.
Well one of the market areas, or sub-markets, of the real estate market that is affected even more so by these changes is the condominium market (lovingly referred to as condos). FHA has an Approved condo list in every area. Many areas have few to even fewer approved communities on this list though. Why is that? I don't know. It may have something to do with the developer when the community was created/converted. Or it may have something to do with the FHA not being pro-active in getting communities involved. I have no idea, and don't claim to know why these lists are so bare. However, it doesn't change the fact that there are so few communities on these "approved" list.
The Fountains at McLean is one of these communities missing from the list. Not being on the "approved" list means that it is harder, if at all possible to get that increasingly popular and increasingly necessary FHA loan through. This is now the loan of choice and necessity for first time buyers. And in our area a first time buyer buys a condo. This is a Catch-22 that must be addressed. But by who, and how.....?

Wednesday, September 3, 2008

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.