Doug Francis | Realtor

  • About Doug
  • Services
  • Sell Your Home
  • Case Studies
  • Get Started

Figuring out the Vienna Home Market… July 2009

August 26, 2009 By Doug Francis

economyYou may be bombarded with July’s real estate sales data but I want to keep it simple, and the Vienna home market  in the 22182 zip code appears to have picked up pace in July over 2008’s numbers. 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 July, and the biggest gain in the number of sales or transactions are in the 22182 zip code. 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.

In my opinion, the key factors were low interest rates (around 5% on 30-year fixed), lower price points for homes vs. last year, and buyer anticipation that we were bouncing along a real estate bottom.

Numbers for 22182:

  • Total Units Sold in July 2009, 36 vs. 26 in 2008 (up 38.46%)
  • Average Sold Price in July 2009, $694,444 vs. $786,410 in 2008 (down 11.69%)
  • In the $500,000 to $599,999 range, 7 sold of 15 active listings
  • In the $600,000 to $699,999 range, 9 sold of 19 active listings
  • In the $700,000 to $799,999 range, 6 sold of 13 active listings
  • In the $800,000 to $999,999 range, 4 sold of 21 active listings
  • In the $1,000,000 to $2,499,999 range, 4 sold of 58 active listings
  • Average days on market in July 2009 was 65 vs. 72 in 2008
  • The average sold price in July 2009 was 93.64% of the average list price

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

Numbers for 22180:

  • Total Units Sold in July 2009, 32 vs. 28 in 2008 (up 14.29%)
  • Average Sold Price in July 2009, $568.267 vs. $564,224 in 2008 (up 0.72%)
  • In the $400,000 to $449,999 range, 8 sold of 10 active listings
  • In the $450,000 to $499,999 range, 5 sold of 11 active listings
  • In the $500,000 to $599,999 range, 7 sold of 17 active listings
  • In the $600,000 to $799,999 range, 4 sold of 6 active listings
  • In the $800,000 to $899,999 range, 2 sold of 4 active listings
  • In the $1,000,000 to $2,499,999 range, 2 sold of 35 active listings
  • Average days on market in July 2009 was 64 vs. 99 in 2008 (down 35.35%)
  • 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, real estate, 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 was profiled in a commercial for Verisign's "Where the World Clicks" global ad campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna (#3!). He's a Boston University graduate who feels morning coffee is non-negotiable.

Vienna real estate agent Doug Francis

Everyone has a different reason for moving. Helping people focus and put a life plan together isn’t what most people think of when they hear “Realtor”.

Where you are in life today will be our starting point, from first home, marriage, kids, cross-country relocation, retirement, divorce, to estates. Yes, I’ve helped people navigate happy and difficult times.

All conversations are confidential, and helping my clients achieve their unique goals is my mission.

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 of Vienna tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Let me help you: Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

Filmed in Vienna and McLean

https://youtu.be/ClqEIV1zoQg

Planning to sell your home?

Case Studies

Listing Case Studies Continue Reading

Thinking of Moving?

If you want to talk about your house and getting it ready for the market then let's set up a time to talk. Even if it's a second opinion, it's okay. Start here.
  • 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

Real Estate Offers | What’s In and What’s Out

Changes in Latitudes Attitudes This story may sound slightly made up, but the 2022 real estate market across Northern Virginia was full of fast-paced drama which is still kind of hard to picture. The brakes weren’t just tapped… they were slammed! Or to create a picture for you, we went from a wild Category 5 […]

“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 clients have been attracted to my results-oriented strategy for years, and I am accepting new clients for 2023 right now.

Thanks for reading, and feel free to contact me at 703-304-6827 or email me 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

Doug Francis Vienna Real Estate 2021
This material can only be used with written permission.

Equal Housing Opportunity

 

Copyright © 2023 Doug Francis · Minimum Pro Theme on Genesis Framework · WordPress · Log in