Tysons Corner Real Estate Market Report - Fairfax, Virginia
Tysons Corner, Virginia - Fairfax
| Market Commentary Provided by Marie Barresi If you can qualify, now is an exceptional time to buy a home in Tysons Corner. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 703-915-3905 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Marie Barresi
Keller Williams Realty Tysons Corner, Virginia 703-915-3905 marieunderstands@kw.com Agent Home Page  |
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| Nearest Metro Area | Washington | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $450,000 - View Graph Trend | ||||
| Best Selling Price Range | $300,000 - $349,000 | ||||
| Worst Selling Price Range | $1,000,000+ | ||||
| Compared to Last Year | Down 10-15% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | Seller's are getting multiple offers on Foreclosures and Short Sales. | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Tysons Corner is | No Change | ||||
| Seller Activity for the past 90 days in Tysons Corner is | No Change | ||||
| Is Financing Available For Qualified Buyers in Tysons Corner? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% | ||||
| Housing Hot Spots | Most cities within the Fairfax County area are considered 'Housing Hotspots' | ||||
| Reason to Buy/Sell | Job Growth | ||||
| Average Sold Price | $450,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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