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Great sales in Great Falls
(Third in a series)
While McLean showed a 3.7-percent home sales increase last year as compared to 2006, its neighbor Great Falls racked up a 14.3-percent hike. So said Ying-Ying Li at Long & Foster, Realtors of Vienna, in her statistical report.
Since only single-family dwellings are listed in Great Falls, their 14.3-percent rise was also the total sales increase, with 208 units sold. This compared to a 2.2-percent total decline for McLean, where 448 single-family homes were sold. They were offset by the 16.9-percent drop in condo sales, to a total of 192. This more than balanced the 11.5-percent rise in townhouses purchased, for a total of 68.
The median sales price rose by 0.5 percent for Great Falls and its 22066 ZIP code. It went from $1,207,500 to $1,213,000. In McLean, the median for a single-family home held steady, at $1,075,000.
If more homes sold in Great Falls, they took longer to do so. The average number of days on the market rose from 106 to 165 there, while they climbed from 83 to 106 in McLean.
This report tended to confirm, once again, Li's own analysis of the sales slowdown.
"The least effect was on the luxury market," she said. "The worst impact was on the outlying areas and more moderate price range."
(Next time: The year in Reston)
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