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?”
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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
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.
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?