APRIL 2019: Real Estate Market Data for Washington DC Metro Area

April 2019 Home Sales and Median Prices

Closed sales are mixed, but inventory levels remain at historically low levels.

The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2019 Bright MLS housing data.

  • The April 2019 Washington D.C. Metro area median home price of $475,000 was up 5.6% or $25,000 and at the highest overall monthly median sales price of the decade.
  • Sales volume across the DC Metro area was nearly $2.8 billion, up 5.9% from last year.
  • The 4,997 closed sales in April were up 3.3% from last year, the first time since last July that year-over-year sales increased and were at the highest April level of the past decade.
  • New pending sales were up 1.1% to 6,513.
  • New listings compared to last year were down 4.1% to 7,976.
  • Driven by increasing sales and fewer new listings, active listings of 7,535 were down 12.9% from last year.
  • The average percent of original list price received at sale was 99.3%, easily the highest April level of the last decade. Additionally, homes in many areas sold for more than their original listing price.

Click here to access the full PDF version of this report

About Bright MLS

The Bright MLS real estate service area spans 40,000 square miles throughout the Mid-Atlantic region, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C. and West Virginia. As a leading Multiple Listing Service (MLS), Bright serves approximately 95,000 real estate professionals who in turn serve over 20 million consumers. For more information, please visit www.brightmls.com.

About Elliot Eisenberg

Elliot Eisenberg, Ph.D. is the Chief Economist of GraphsandLaughs, LLC, a firm specializing in economic consulting and data analysis. He is a frequent speaker on topics including: economic forecasts, economic impact of industries such as homebuilding and tourism, consequences of government regulation, economic development and other current economic issues. Dr. Eisenberg earned a B.A. in economics with first class honors from McGill University in Montreal, as well as a Masters and Ph.D. in public administration from Syracuse University. Eisenberg was formerly a Senior Economist with the National Association of Home Builders in Washington, D.C. He is a regularly featured guest on cable news programs, talk and public radio, writes a syndicated column and authors a daily 70 word commentary on the economy that is available at www.econ70.com.


McLean VA New Construction Homes: View Listings and Schedule Showings

Welcome to my real estate website! All McLean VA New Construction Homes listed on this page come directly from my professional MLS account with most Up-to-Date information.

Use my website to browse all currently listed new homes and schedule private tours instantly. Please feel free to reach out to me with any questions and make sure to check out my Buyer’s Blog page loaded with tips and latest news.

To schedule showings, please contact me by calling or texting: (571) 455-0178, by sending me an e-mail: homes@natashabackupadmin.truedes.com or by filling out my Contact Form.

• Prices for McLean New Construction Condos vary from $515,000 to $2,555,000.

• Prices for McLean New Construction Single Family Homes vary from $1,195,000 to 24,000,000

Please scroll to the bottom of the page, to learn more about new construction homes in McLean VA.


Currently Listed New Construction Homes in McLean VA

Sorry we are experiencing system issues. Please try again.

McLean VA New Construction Real Estate Market Review

Out With The Old, In With The McLean VA New Construction

All across McLean VA, new construction homes are popping up. The reason? Homes built between 1950-1969 simply do not have the look and feel that families today are looking for.

The trend for modern families is clear: open floor plan, a large gourmet kitchen, a luxurious master bathroom, walk-in closets, and large garages. This is what McLean VA new construction homes—mostly Craftsman, Contemporary, and traditional brick homes— provide.

It’s not easy, though.

McLean is quickly becoming the place to call home with its proximity to Washington D.C. and the Silver Line Metro Stations, and space is becoming more limited as residents work to maintain that close-to-nature feel by protecting the trees while still finding space in this great place to live.

The solution, according to a recent The Washington Post article, is demolishing older homes that no longer work for the modern family. “Typically, land on its own is hard to develop or overpriced,” Francisco V. Alonso told The Washington Post,  “When no house has ever been there before, there’s no utilities. There’s several fees you have to pay: tap fees, connection fees. When there’s already a house there, those fees have been prepaid by somebody else.”

While not every McLean VA new construction home is the replacement for an older one, you will see the most popular zip codes (22102 and 22101) dotted with mismatched houses for that reason. The mismatched neighborhood doesn’t seem to deter those who are anxious to become a part of the McLean community, though. And they’re willing to a pay a good price for it.

Buying one of the McLean VA new construction homes in this desirable location also means that you’ll be paying a modern price. McLean VA new construction single-family homes tend to sell from anywhere around $1,550,000 to $24,000,000, depending on the sq footage, size of lot and amenities. The new construction condos in McLean are priced a bit more modestly—with prices ranging from $507,000 to $3,396,000, based on their various features.

These McLean VA new construction homes are ones that you’ll want to see for yourself. Each one is built by famous or distinctive builders local to the area, such as Focal Point Builders, Joy Custom Design Build, The Galileo Group, Tricrest Homes, Artisan Builders, Bowa, and Us Home. And it’s clear that they put the heart and soul of their businesses into their work.

Browse the galleries on their sites, and you’ll find your eyes drawn to massive granite kitchen islands with designer bar stools pushed close, seamless glass showers in spacious master bathrooms, and boutique-style walk-in closets. Beyond the interior, you’re sure to find masterfully designed exteriors with outdoor living space, sports bars, and activity courts.

Want one of these new homes?

With its highly-rated public school systems, extensive biking and walking trails, the proximity to the airport and D.C. as well as Tysons shopping center—McLean VA new construction homes will go fast, there’s no doubt about it.

In other words: run, don’t walk as you search for the right builder in the area to help build the house of your—and your family’s—dreams. mclean va new construction homes.