McLean Home Sale Statistics – How Long To Sell Your Home and Are Prices Rising?

If you’re thinking of buying or selling a home in McLean VA in 2017, then you’re probably wondering things like:

  • “How long are homes on the market?”
  • “Will I have to pay over list price or can I get a deal?
  • “How long will it take to sell my house?”
  • “Will I have to negotiate my list price?”
  • “Buyer’s Market or Seller’s Market?”

FREE Online INSTANT Home Valuation Estimator

Let’s look at 2016 statistics as they are often an indicator of what you can expect:

  • Average Days on Market in McLean: 90 (slightly slower than 85 days in 2015)
  • Sold Price as % of Original List Price: 93.2% (slight up from 92.3% in 2015)
  • Percent of Homes Sold in 10 Days or Less: 25% (down from 27% in 2015)
  • Average Sold Price: $1,034,826 (up 2.9% from $1,005,557 in 2015)
  • Number of Home Sales: 845 (up 9% from 774  in 2015)
  • More McLean Real Estate Market Stats

BUYERS:

Current housing supply in McLean is 4.7 months. This translates to neither a “Seller’s Market” or a “Buyer’s Market”, and actually puts McLean in a Balanced Market. (Be aware that number is for the market as a whole. If you are buying, you’ll need to ask for an analysis of the price range you’re looking in as some price ranges may actually have much more or much less inventory.) Either way, with 25% of the homes selling in 10 days or less – you need all the advantages you can get. Belt Team Buyers are eligible for our FREE Priority Notification List for new listings not yet in the MLS. Call 703-242-3975 for details.

SELLERS: 

Terry Belt, CEO of The Belt Team commented, “Every year, we see competition for the best listings in the market. Often times, those who sell in January/February sell for more than those who wait for the traditional “Spring Market”. In 2017, we especially think this will bear out as we are already seeing interest rates rise, pricing some folks out of the market. Time will tell as to what 2017 has in store, but The Belt Team is already working with a large number of Buyers and Sellers around Northern VA and we expect the market to start out briskly.”

If you’re selling a home, your next question may be – “Is there a way to sell faster and for more than average?” And the good news is YES!

The best way to do that is to hire a real estate team with an amazing track record of success.  And THAT is The Belt Team.

If you’re wondering whether all Realtors are the same, they’re not. Different real estate teams not only provide different experiences, but vastly different results. Who you choose to represent you can mean the difference of whether you get the house you want to buy and how much money you make when you sell – things that affect YOUR family’s lives forever.

Did you know there are more than 10,000 Realtors in Northern VA? The average agent sold 4 homes last year. The Belt Team sold 82! Our agents each averaged FOUR TIMES as many sales. If you were having surgery on your broken arm, would you want the orthopedist who did 82 surgeries last year or 4?

You can read what 154 of our clients had to say about us on Zillow.

Call The Belt Team at (703) 242-3975 if you would like to buy or sell a home in McLean. We are part owners of McLean’s #1 real estate office – Keller Williams Realty. And we sell more homes than any other single standing office in all of Fairfax County. We know the schools, the parks, the commuter short cuts, the history, the shopping, the recreation options and all the things that make McLean a most special place to live. Not only do we sell homes in McLean, but with genuine enthusiasm & experience, we sell the entire community.

 Don’y you deserve the BEST Realtors in McLean?

Top Realtor Vienna VA

1400 Romeo Ct, McLean, VA 22102 – Listed by The Belt Team & Open Sunday April 17

1400 Romeo Ct McLean VA 22102 in popular McLean Hamlet is listed by The Belt Team and will be OPEN SUNDAY April 17 from 2-4PM. Here’s a sneak peek!

Call  Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

This immaculate colonial shows like a model home and has all the features buyers desire – a spacious floor plan featuring three finished levels; renovated gourmet kitchen with gas cooking, granite counters, and a butler’s pantry as a bonus; a master bedroom suite with walk-in closet and separate bath; a private rear yard with decks off the main and lower levels; sited on a quiet cul-de-sac; located in McLean Hamlet – one of the most desirable neighborhoods in McLean, served by top rated schools, and so much more!

Homes For Sale McLean Hamlet Homes For Sale McLean Hamlet

1400 Romeo Ct, McLean, VA 22102 – Listed by The Belt Team & Open Sunday April 3

1400 Romeo Ct McLean VA 22102 in popular McLean Hamlet is listed by The Belt Team and will be OPEN SUNDAY April 3 from 2-4PM. Here’s a sneak peek!

Call  Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

This immaculate colonial shows like a model home and has all the features buyers desire – a spacious floor plan featuring three finished levels; renovated gourmet kitchen with gas cooking, granite counters, and a butler’s pantry as a bonus; a master bedroom suite with walk-in closet and separate bath; a private rear yard with decks off the main and lower levels; sited on a quiet cul-de-sac; located in McLean Hamlet – one of the most desirable neighborhoods in McLean, served by top rated schools, and so much more!

Homes For Sale McLean Hamlet

6395 Stagg Ct Springfield, VA 22150 – Just Listed by The Belt Team (TH in Greenwood!)

6395 Stagg Ct Springfield, VA 22150 has just been listed by The Belt Team. Here’s a sneak peek!

Call Martin Bristow & The Belt Team at (703) 861-2967 to schedule a showing!

This charming, light-filled townhome is in the sought after community of Greenwood. An ideal location for commuters & close to many amenities…the Springfield Metro is a short walk away or hop on the free community shuttle! Features of this 3 bedroom/2.5 bath home include 3 finished levels, a separate dining room, kitchen with breakfast nook, a walk-out lower level with a rec room & den/office (could be used as 4th bedroom), a back deck & fenced–in lower patio, and 2 assigned parking spaces

Townhouses for sale Springfield VA

1400 Romeo Ct, McLean, VA 22102 – Just Listed by The Belt Team in McLean Hamlet

1400 Romeo Ct McLean VA 22102 has just been listed by The Belt Team. Here’s a sneak peek!

Call  Tom Reilly & The Belt Team at (703) 629-1263 to schedule a showing!

This immaculate colonial shows like a model home and has all the features buyers desire – a spacious floor plan featuring three finished levels; renovated gourmet kitchen with gas cooking, granite counters, and a butler’s pantry as a bonus; a master bedroom suite with walk-in closet and separate bath; a private rear yard with decks off the main and lower levels; sited on a quiet cul-de-sac; located in McLean Hamlet – one of the most desirable neighborhoods in McLean, served by top rated schools, and so much more!

Homes For Sale McLean Hamlet

Honey I Shrunk The Real Estate Market! But By How Much?

If you’re actively looking to buy or sell a home in Northern Virginia right now, then you are very aware the market is tight. We have a LONG list of buyers looking for homes. And many Sellers who go on the market are selling quickly. Last Friday we put a home on the market and by Sunday we had 6 contracts. The home sold for almost 5% above list price!

In 2013, the market was also tight in many areas. But we were curious how this year compares to the past. So we ran some stats. Here’s a market snapshot of January sales from 2010 – 2014. What you’ll see is that in Arlington County, Fairfax County, Loudoun County, closed sales & contracts were the lowest in 5 years. The same was true for Fairfax City And Alexandria City. Falls Church City was the only exception.

January Contract Snapshot Alexandria City Real Estate Sales 2010 to 2014

January Contract Snapshot Arlington County Real Estate Sales 2010 to 2014

January Contract Snapshot Fairfax City Real Estate Sales 2010 to 2014

January Contract Snapshot Fairfax County Real Estate Sales 2010 to 2014

January Contract Snapshot Falls Church City Real Estate Sales 2010 to 2014

January Contract Snapshot Loudoun County Real Estate Sales 2010 to 2014

BUYERS:

In a market like this, Buyers need every advantage they can get. That’s why we launched a state-of-the-art home search web site. We had so many buyers coming to us after looking on other sites and finding outdated info or worse – after homes sold that they never even knew were on the market. When the market shrinks like it has, homes sell quickly. The first buyer in the door is poised to win. Our site updates more frequently than others and so our Buyers have the advantage. (They also have the advantage of our Secret Weapon – the “Showing Partner Model“!)

SELLERS:

On the other side of the coin, Sellers need to ensure their equity is not only protected, but maximized. How do they do this? Work with seasoned, proven professionals. And ask lots of questions.

Just because an agent sells a lot of homes, does NOT mean they are the best agent for you. (As an example, there are 3 top agents in the Vienna/Oakton area. The Belt Team is #1, but Agent/Team #2 and Agent/Team #3 have sold a ton of homes and have been in the market for many years. However, our statistics are vastly different. Last year, The Belt Team’s listings sold more than a month faster. AND they sold for 4-5% more than the other two agents’ listings.)

Questions To Ask:

  • How many homes have you sold?
  • What was the average days on market?
  • What percent of list price did you average?
  • How do all of these compare to the market in general?
  • (Call 703) 242-3975 for a FREE REPORT with our entire list of interview questions

In addition to getting information from the agents you’re talking to, find out what real buyers & sellers have to say about their experience with each agent. A good place to start is on 3rd party web sites like Zillow.com. Unlike the agents’ own web sites, the agent can’t post reviews directly on Zillow. Consumers post reviews and they are published by Zillow with no input from the agent. So you’re likely to get a good idea of what it’s like to work with each agent. (Reviews about The Belt Team.)

FREE – What Is My Northern VA Home Worth?

Call The Belt Team at (703) 242-3975. We’re happy to help you create a plan to buy or sell that’s the RIGHT plan for YOU!

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McLean Home Open Sunday Jan 19th

If you’re looking for a home in McLean, just 10 minutes to Washington DC – then stop by our open house on Sunday. You just might find the home of your dreams at 6423 Linway Terrace!

Listed at $969,000

OPEN SUNDAY, JANUARY 19TH 1-4PM

McLean Homes For Sale

Mint condition.Brand new top of the line appliances granite counter tops ,new carpets, new bathroom fixture. Custom painted inside out.5 bedrooms 4 full baths. Main level bedroom. Family room with fireplace and sliding doors to the back yard and deck. Fully fenced lot. Located on cul de sac . Lower level with Rec room and Den

More pictures & info about 6423 Linway Terrace in McLean

Directions to Linway Terrace Open House

I Can’t Attend The Open House, But Want To Schedule A Showing

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Custom Luxury Home Beauty in McLean – Open Sunday, Nov 24th

Open Sunday, November 24th in McLean from 2-4PM!

Home For Sale in Evermay

Welcome to this custom brick beauty just minutes to DC & Tysons, and superbly located adjacent to Potomac School. This one owner home has been cherished. Incredibly well built with excellent craftsmanship and thoughtful design, it offers endless versatility. Enjoy 7 bedrooms, 6 full & 2 half baths, 5 fireplaces, two-story entry foyer and family room.The impressive gourmet kitchen has 3 ovens, two 4 burner ranges with heat lamp & tray, 2 oven warmers, and 2 dishwashers. Spacious dining and living rooms, and an amazing garden level with lounge, game, billiard areas and more! You’ll love the natural setting on the expansive main level deck, sheltered patio and private upper level deck/balcony.

Peek inside the interior at 1324 Potomac School Road

Map/directions to 1324 Potomac School Road

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McLean Open House – Potomac School Road – Nov 17th

If you’re looking for a gorgeous custom luxury home in McLean, that’s just one stoplight from Washington DC – we’ve got JUST the home for you – and it will be open this Sunday, Nov 17th from 1-4PM!

Home For Sale in Evermay

Potomac School Entry Potomac School GR Custom Home For Sale McLean

More info about 1324 Potomac School Road

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Directions: From Heart Of McLean: Take Rt. 123 N toward the River; Right Potomac School Rd To End, To Left (Just Before School Entry) On Private Lane. 1324 Is On Left Enter Far End Of Circular Drive

Call (703) 242-3975 for more information!

Gorgeous Custom Home Just LIsted in Evermay!

Home For Sale in Evermay

Welcome to this custom brick beauty just minutes to DC &Tysons, and superbly located adjacent to Potomac School. This one owner home has been cherished its entire existence. !incredibly well built with excellent craftsmanship and thoughtful design, it offers endless versatility for its new owners. Exceptional features include 7 bedrooms, 6 full/2half baths, 5 fireplaces, two-story entry foyer and family room. The impressive gourmet kitchen has 3 ovens, two 4 burner ranges with heat lamp & tray, 2 oven  warmers, and 2 dishwashers. Spacious dining and living rooms, and an amazing garden level with lounge, game, billiard areas and more! Enjoy the natural setting on the expansive main level deck, sheltered brick patio or private upper level deck/balcony.

Search More Homes For Sale in McLean

Call (703) 242-3975 for more information!