Doug Francis | Realtor

  • Our Business
  • About Me
  • Home Sellers
  • Contact

Figuring out the Vienna Home Market… August 2009

September 15, 2009 By Doug Francis

Vienna station signI understand that you are bombarded with August’s real estate sales data, but I always like to keep it simple, and the Vienna home market  in the 22182 zip code was actually pretty flat versus 2008… which may be good news to some of you.

But, if you are a seller with a home priced over $800,000 then you are still searching for a needle in a haystack. I just looked over real estate resale data from MRIS of the Vienna zip codes ( 22180 and 22182)  for the month of August, and there wasn’t a gain in either area.

But please know that this information is reported from MRIS which is not guaranteed to be 100% accurate but should be considered pretty darn close.

Keep in mind, mortgage rates were super-low in August. Still, the numbers were flat!

Numbers for 22182:

  • Total Units Sold in August 2009, 30 vs. 31 in 2008 (down 0.57%)
  • Average Sold Price in August 2009, $753,718 vs. $733,616 in 2008 (up 2.74%)
  • In the $500,000 to $599,999 range, 6 sold with 19 active listings
  • In the $600,000 to $699,999 range, 8 sold with 19 active listings
  • In the $700,000 to $799,999 range, 8 sold with17 active listings
  • In the $800,000 to $999,999 range, 3 sold with 17 active listings
  • In the $1,000,000 to $2,499,999 range, 4 sold with 55 active listings
  • Average days on market in August 2009 was 74 vs. 68 in 2008
  • The average sold price in July 2009 was 94.59% of the average list price

The statistics for the Town of Vienna, 22180, show a similar trend.

Numbers for 22180:

  • Total Units Sold in August 2009, 27 vs. 27 in 2008 (0.00%)
  • Average Sold Price in August 2009, $528,583 vs. $601,283 in 2008 (down 12.09%)
  • In the $400,000 to $449,999 range, 8 sold with 8 active listings
  • In the $450,000 to $499,999 range, 3 sold with 7 active listings
  • In the $500,000 to $599,999 range, 7 sold with 21 active listings
  • In the $600,000 to $799,999 range, 2 sold with 4 active listings
  • In the $800,000 to $899,999 range, 1 sold with 2 active listings
  • In the $1,000,000 to $2,499,999 range, 2 sold of 30 active listings
  • Average days on market in August 2009 was 93 vs. 52 in 2008 (up 78.85%)
  • The average sold price in July 2009 was 96.51% of average list price
Share this with a friend...Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestEmail this to someone

Filed Under: Blog Tagged With: buyer, MRIS, seller, Vienna

About Doug Francis

A Realtor specializing in unique and new homes around Vienna, Virginia, Doug started writing a first-hand blog about his everyday real estate experiences a decade ago. In depth, helpful and fun has always been the objective. Outside real estate, he "starred" in a tech commercial for Verisign's "Where the World Clicks" campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna. He's a Boston University graduate who feels morning coffee is non-negotiable.

Being able to guide my clients through many real estate sales, either moving out, moving in, or just across town, has been a rewarding experience that helps when discussing a plan with a future client.

Being able to help them focus and understand our proven sales plan always eases their anxiety of this looming personal task. And, putting it into bite-sized steps always helps them get where they really want to be.

My background… I’ve been an active licensed agent in Virginia for 25 years, work at TTR Sotheby’s International Realty in McLean, and sell homes in all price ranges. I donate to the town tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Questions? Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

Thinking of Moving?

Let me know if you want to talk about your house and getting it ready for the market. Let me know if it's a second opinion, it's okay. Start here and let's talk.
  • This field is for validation purposes and should be left unchanged.

Have a question?

Homeowners: Add a level of privacy

name withheld by request

Privacy: Remove your name

Looking for testimonials?

Read through a collection of client comments originally posted on Zillow, Google and Trulia. See what my clients say...

Looking for a Custom Home?

Insights into New Homes in Vienna VA
Home project during pandemic

It’s Okay! Pretend like you’re Getting Ready to Sell

Right now, having a do-able home project may be just what you need to reduce your stress levels. Really, it’s okay to pretend a little while improving your home and current lifestyle. Putting together plans to help my clients prepare their homes to appeal to the Vienna real estate market is always fun, but, these […]

“Doug nailed it! Within days, we had three offers, one of which not only met, but far exceeded all of our goals.”
– R. Pollard

“He truly was a partner integrating us unto the community and made it easy for us to take advantage of all Vienna has to offer.”
– A. D’Eredita

“We are so thankful we found Doug to guide us through the complex home selling and buying processes!”
– Scott and Jennie

About Doug Francis

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I have been a full-time Realtor licensed in Virginia since 1991, and cover a big territory specializing in the Vienna real estate market and custom homes for sale.

I have unique knowledge of digital real estate marketing ~ and my marketing starts here. My elite clientele has been attracted to my results-oriented strategy for years, and I am accepting new clients now.

Thanks for reading... and feel free to contact me at 703-304-6827 or send me an email at doug@dougfrancis.com anytime!

Search for a subject

Contact

Doug: (703) 304-6827

TTR Sotheby's International Realty
6723 Whittier Avenue McLean, VA 22101

Office: 703-319-3344
Why do people hire me?

Search for homes in Vienna

Vienna Real Estate Guide

Logo for Washingtonian Best 2020
This material can only be used with written permission from Doug Francis, Realtor. Copyright 2020

Equal Housing Opportunity

 

Copyright © 2021 · Minimum Pro Theme on Genesis Framework · WordPress · Log in

Deciding where you should start is often the most complex decision when planning a move.

I help my clients achieve their real estate goals starting with a plan.

Let’s talk, and give your dream a deadline.


Please know that we don’t share your phone number, email or any other information you provide.