Tysons Corner Real Estate Market, Washington DC Real Estate Market, the Real Estate Market of the whole region – It’s heating up!
Right now in the Tysons Corner Zip Codes = McLean 22102 and Vienna 22182, there are 39 homes that are under contract in the price point <$800,000. This includes all different styles of homes = Tysons Corner Condos, Tysons Corner Townhomes, and Tysons Corner Detached Single Family Homes.
Of these 39 homes under contract 33 of the 39, also known as 84.6%, were ratified – or accepted a contract – in 30 days or less. And of those 30, 24 were under contract in 10 days or less. To hone in even farther on this fast pace of sales in Tysons Corner Real Estate, a micro market of Fairfax County Real Estate, three of the homes were reported as under contract in “0” (yes “zero”) days on market.
So to average it out, of all the properties in Tysons Corner that are under contract <$800,000, these homes went under contract in an average of 12 days on market. This is fast.
The statistics don’t lie. It’s simple law of supply and demand. The Real Estate Market is coming on strong. and this is also traditionally a seasonal business. And this is the time that things start to pick up. People love real estate in spring and summer. And it looks like they’re going to love it all year long in Washington DC area.
People are buying homes. The real estate Market in the DC Metro area is doing well for many reasons = low inventory, low rates, increasing values, and steady demand. All this, plus in Tysons Corner people are excited about Metro, and all the development accompanying it and planned for the future.
If you’re interested in buying, selling, or investing in real estate in Tysons Corner, Fairfax County, or anywhere nearby, we’d love to help. Jeff Wu and the Agent Knows Homes Team