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Figuring out the Vienna Home Market… May 2009

June 18, 2009 By Doug Francis

With all you read about the housing market, buying a Vienna home in 22182 appears to be a better bet right now. But if you are a seller with a home priced over $800,000 then you will be sobered. I just looked over resale data from MRIS of the Vienna zip codes ( 22180-22182)  for the month of May, and the biggest gains seem to be in the 22182 zip code again… looking at the number of sales. 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.

Numbers for 22182:

  • Total Units Sold in May 2009, 25 vs. 17 in 2008 (up 47%)
  • Average Sold Price in May 2009, $672,560 vs. $846,776 in 2008 (down 20.57%)
  • In the $500,000 to $599,999 range, 7 sold of 18 active listings
  • In the $600,000 to $699,999 range, 6 sold of 31 active listings
  • In the $700,000 to $799,999 range, 5 sold of 18 active listings
  • In the $800,000 to $999,999 range, 0 sold of 23 active listings
  • In the $1,000,000 to $2,499,999 range, 3 sold of 55 active listings
  • Average days on market in April 2009 is 70 vs. 114 in 2008
  • The average sold price in April 2009 was 93.91% of average list price

The statistics for the Town of Vienna, 22180, reflected sharply contrasting numbers.

Numbers for 22180:

  • Total Units Sold in May 2009, 23 vs. 26 in 2008 (down 11.54%)
  • Average Sold Price in May 2009, $520,835 vs. $566,265 in 2008 (down 8.02%)
  • In the $400,000 to $449,999 range, 3 sold of 14 active listings
  • In the $450,000 to $499,999 range, 7 sold of 11 active listings
  • In the $500,000 to $599,999 range, 2 sold of 21 active listings
  • In the $600,000 to $799,999 range, 0 sold of 16 active listings
  • In the $800,000 to $899,999 range, 0 sold of 10 active listings
  • In the $1,000,000 to $2,499,999 range, 2 sold of 43 active listings
  • Average days on market in April 2009 is 134 vs. 68 in 2008 (up 97.06%)
  • The average sold price in April 2009 was 92.90% of average list price
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Filed Under: Blog Tagged With: buyer, MRIS, real estate, 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!

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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!

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