Tysons, VA

If you’re in the market to buy a house in the Tysons, McLean and Vienna areas, you’ve got options to explore.

According to Homesnap, there are 105 homes for sale, with a median list price of $479,888.

Here are a few open houses taking place this weekend:

6333 Old Chesterbrook Road, McLean
5 BD/6.5 BA single-family home
Listed: $2,987,432
Open: Sunday, 1-4 p.m.

6519 Elmhirst Drive, Falls Church
5 BD/4.5 BA single-family home
Listed: $1,549,900
Open: Sunday, 2-4 p.m.

1875 Massachusetts Avenue, McLean
4 BD/2.5+ BA single-family home
Listed: $995,000
Open: Sunday, 1-4 p.m.

8139 Madrillon Court, Vienna
3 BD/3.5 BA townhome
Listed: $885,000
Open: Sunday, 1-4 p.m.

203 Scott Circle SW, Vienna
3 BD/1 BA single-family home
Listed: $650,000
Open: Saturday, 1-3 p.m.

Photo via Tim Mossholder/Unsplash

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Welcome to spring! The cherry blossoms are out, and the real estate market is booming. With the summer months fast approaching, now is the time to think about your next big move. Perhaps, it is a new primary residence? Or a second home

Maybe you are dreaming of that stunning home situated perfectly on the waterfront. Whether it’s in Alexandria, Georgetown, Foggy Bottom, Dumfries, McLean, Reston, Southwest D.C. or Woodbridge, take a look at these active listings, ranging from $160,000 to $32 million — all giving you the deep-breath-feeling of being on the water…

3903 Belle Rive Terrace, Alexandria, VA 22309 listed for $2,275,000

501 Slaters Lane #303, Alexandria, VA 22314 listed for $599,999

7931 E. Boulevard Drive, Alexandria, VA 22308 listed for $32,900,000

3150 South Street NW #3D, Washington, DC 20007 listed for $5,950,000

3069 Canal Street NW, Washington, DC 20007 listed for $1,860,000

2500 Virginia Ave NW #1102/3-S, Washington, DC 20037 listed for $1,999,000

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If you’re in the market to buy a house in the Tysons, McLean and Vienna areas, you’ve got some options to explore.

According to Homesnap, there are 109 homes for sale, with a median list price of $475,000.

Here are a few open houses taking place this weekend:

1654 Strine Drive, McLean
6 BD/6.5 BA single-family home
Listed: $2,440,000
Open: Saturday and Sunday, 1-3 p.m.

1761 Old Meadow Road #315, McLean
2 BD/2.5 BA condo
Listed: $859,990
Open: Saturday, 12-4 p.m. and Sunday, 1-4 p.m.

8032 Trevor Place, Vienna
3 BD/2.5+ BA townhome
Listed: $759,900
Open: Saturday, 1-4 p.m.

8370 Greensboro Drive #603, McLean
2 BD/2 BA condo
Listed: $499,800
Open: Sunday, 1-3 p.m.

Photo via Tim Mossholder/Unsplash

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8115 Spring Hill Farm Drive, McLean (Photo via Google Maps)

It was a busy month in real estate — 122 homes were sold across Tysons, Vienna and McLean.

As of March 28, Homesnap reported that the median sales price is $490,000, and properties are spending an average of 127 days on the market.

Let’s take a look at five of the most expensive properties sold this past month:

In the market? Check out the latest in Tysons area real estate.

Photo via Google Maps

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If you’re in the market to buy a house in the Tysons, McLean and Vienna areas, you’ve got some options to explore.

According to Homesnap, there are 109 homes for sale, with a median list price of $475,000.

Here are a few open houses taking place this weekend:

6449 Jefferson Place, McLean
6 BD/5.5 BA single-family home
Listed: $2,135,000
Open: Saturday and Sunday, 12-4 p.m.

1650 Silver Hill Drive #1301, McLean
2 BD/2.5 BA condo
Listed: $1,502,000
Open: Saturday and Sunday, 11:30 a.m. to 3:30 p.m.

1042 Bellview Road, McLean
5 BD/3.5 BA single-family home
Listed: $1,285,000
Open: Sunday, 1-4 p.m.

715 Upham Place NW, Vienna
4 BD/3.5 BA single-family home
Listed: $900,000
Open: Saturday and Sunday, 1-4 p.m.

2013 Meadow Springs Drive, Vienna
3 BD/3.5 BA townhome
Listed: $749,900
Open: Saturday and Sunday, 2-4 p.m.

1800 Old Meadow Road #1410, McLean
2 BD/2 BA condo
Listed: $595,000
Open: Sunday, 11:30 a.m. to 12 p.m. (virtual)

Photo via Tim Mossholder/Unsplash

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This past week 19 properties were sold in Tysons Corner, McLean and Vienna, according to Homesnap.

These ranged from a $4.9 million McLean home to a $315,000 2 BD/2 BA unit in a gated McLean community.

The recently sold properties include:

In the market? Check out the latest in Tysons area real estate.

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The real estate market is hot right now — so hot that many homes are selling over asking price. But that doesn’t mean we aren’t seeing price reductions on properties.

This past week, nine homes in Tysons, McLean and Vienna were reduced in price, according to Homesnap. These included:

In the market? Check out the latest in Tysons area real estate.

Photo via Tierra Mallorca/Unsplash

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This past week 29 properties were sold in Tysons Corner, McLean and Vienna, according to Homesnap.

These ranged from a $4 million McLean home with a private tennis court to a $300,000 2 BD/2 BA penthouse-level condo.

The recently sold properties include:

In the market? Check out the latest in Tysons area real estate.

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Following in the footsteps of his Fairfax County counterpart, Falls Church City Manager Wyatt Shields is proposing a one-cent reduction in the real estate tax rate as part of the city’s advertised fiscal year 2022 budget.

However, because of rising assessed values, the average homeowner will still experience a $291 increase in their tax bill next year.

Presented to the city council on Monday (March 8), the advertised budget increases city government operating expenses by 2.3% (or $946,567) and public schools funding by 2.5% (or just over $1 million).

“With vaccines rolling out, and springtime in the air, we need to maintain vigilance but certainly have optimism toward the future — and hopefully, this budget reflects that as well,” Shields said.

Falls Church City School Board Chair Shannon Litton called the proposed $1 million funding increase for FCCPS “a bit better than we expected, given COVID-19.” The school division will also be receiving an additional $20,000 from the state and $31,000 from the federal government, she said.

Shields said the budget keeps revenues in line with forecasts from December without proposing a larger increase on residential real estate taxpayers. The city saw year-over-year increases in taxes on groceries and online sales, but a large decrease in revenue from hospitality taxes.

Highlights of the budget include funding for:

  • $145,000 for body-worn cameras and civilian positions to support the department, which is a first step in addressing recommendations from the Use of Force Review Committee
  • $200,000 in coronavirus contingency funds to address uncertainties, either revenue shortfalls or increased demand for services and assistance
  • $150,000 to develop a Parks Master Plan
  • $100,000 for the Affordable Housing Fund to supplement the $3.75 million Amazon REACH grant funds and leverage future developer contributions.

Shields has also proposed increasing stormwater management rates by 2%, or $4, for a median homeowner to pay for projects intended to address smaller-scale nuisance flooding. He anticipates that the city will need to increase rates by 10 to 15% for the next five years to fund six larger-scale stormwater management projects.

The advertised budget gives Falls Church City employees a 3% merit compensation increase, and a 3.5% step increase to uniformed police staff, but Shields told the city council on Monday that this small-scale growth is not sustainable in the long-term.

“My budget guidance for six years in a row was to keep non-personnel expenses flat,” he said. “So, it is really important to emphasize that after six years in a row of doing that — in addition to cuts made last year due to COVID-19 — our budgets are extremely lean.”

The city has about $3.94 million in unfunded needs across all departments, he said. These range from adding positions, including police officers, IT staff, and economic development staff, to maintaining public amenities, such as basketball and tennis courts and athletic fields.

Other highlights include:

  • A $500,000 decrease in debt service, as due to the cancellation of planned debt issuance during the current fiscal year and refunding prior bonds from 2013 and 2011 at lower interest rates.
  • A $4.5 million transfer from the 10-acre land at the George Mason High School campus to capital reserves.
  • Anticipated concessions from Founders Row for $1.8 million, which will also be placed in capital reserves.

In addition to flood mitigation, other public safety spending includes investments in sidewalks, paving — which Shields said has been underfunded since the Great Recession — and neighborhood traffic calming activities. State grants will pay for improvements to the Park Avenue “Great Streets” project, the Oak Street Bridge and the Washington and Columbia intersection.

The city will also receive funding through the Biden administration’s American Recovery Act.

“That congressional aid [is] needed and necessary, and we will use it very well for infrastructure and capital needs,” Shields said.

Community members will get a chance to learn about the budget and share their comments at a town hall from noon to 1:30 p.m. on Thursday (March 11). Budget meetings will be held on March 22 and April 12, and there will be a second town hall on April 15 before the city council is slated to adopt the budget on April 26.

Photo via City of Falls Church Government/Facebook, charts via City of Falls Church

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Ever been to an open house on a Tuesday? Me neither… until last week.

My client and I walked into a single-family home in Reston priced in the golden $700,000s for (what I thought) was a private showing. The cul-de-sac was packed with cars, and I counted at least five other groups touring the home at the same time.

When I noticed the listing agent sitting at the kitchen table, I asked her if I had my time wrong. She replied, “No, we just had so much interest we decided to open it up today and tomorrow from 10 a.m. to 6 p.m.” She also informed me that six offers had already come in on this listing before it went on the market officially. By Wednesday evening, the house was under contract.

Is this a true depiction of today’s market? Not exactly, but in some areas and particularly with detached single-family homes, this is our new reality.

The average sales price is up more than $50,000 compared to last year. Despite interest rates starting to creep back up, this will continue to be a seller’s market for the foreseeable future. If you are looking to buy a home (especially a detached single-family home) be prepared to bid well above asking.

This month instead of highlighting active or coming soon listings, I want to share with you some homes sold in the past few weeks that went tens (or hundreds) of thousands of dollars over list price.

4508 45th Street NW, Washington, DC 20016
Sold $212,000 over list price

2502 Duxbury Place, Alexandria, VA 22308
Sold $86,189 over list price

10664 John Ayres Drive, Fairfax, VA 22032
Sold $81,000 over list price

10433 Heritage Landing Road, Burke, VA 22015
Sold $65,000 over list price

46492 Hollymead Place, Sterling, VA 20165
Sold $54,000 over list price

Even an hour-plus commute from D.C…

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