Excerpt from:  Virginia Real Estate News
.
May 25, 2007

Tysons Corner Condo Resale Inventory

What's available in popular Tysons Corner?

The Tysons Corner area of McLean, Virginia has more office space than Miami, Houston and San Diego combined. More than half of Tysons' businesses are high-tech firms, giving Tysons Corner a greater concentration of high-tech employees than any other location in Fairfax County. Tysons Corner is one of the most booming retail centers in the United States. Tysons retailers include some of the world's most upscale stores such as Tiffany and Hermes. 

With Metro's plans to extend to Dulles Airport in the near future, Tysons Corner will be getting its very own Metro stations, which should further boost the area's desirability for area homebuyers.

Here's a snapshot of what's available for sale in terms of condominiums in Tysons Corner as of late May 2007:

Overall, 54 resale condo units are available ranging in price from $220,000 to $689,000 with an average listing price of $369K.

These condos are available in the following communities which have been mainstays of the Tysons market for over 10 years:  The Colonies, The Fountains at McLean, Gates of McLean, Lillian Court at Tysons Corner, Regency Club of McLean, and The Rotonda.

The Colonies is a gated community just outside Tysons Corner consisting of numerous garden style buildings and lots of open space with exercise and jogging trails, tennis courts, and a club house.  It is conveniently located near Tysons and downtown McLean as well as the Beltway and Route 66.  Currently the average condo price in The Colonies is $346,000 and the range is between $220,000 and $449,000.

The Fountains at McLean is located directly across the street from the main Metro bus stop in the area and right off the Dulles Toll Road, making it a great place to live for commuters.  It is just around the corner from Tysons Galleria.  The condos here range from $249K to $355K with an average price of $283K.  These condos were built in 1988.

Gates of McLean is just outside Tysons Corner and on the opposite side of Route 123 from The Colonies.  These upscale condos were build in 1997 and range in price between $264K to $350K for a one bedroom unit.  The average price of the current units for sale is $311K.

Lillian Court at Tysons Corner is right in the heart of Tysons, just across the street from Tysons Galleria (Tysons II).  Lillian Court features a pool and fitness center and was built in 1997.  The condos here range in price from $339K to $488K with an average listing price of $415K.

Regency Club of McLean was built in 1977 and is adjacent to the great Regency Sport & Health Club.  This highrise building offers panoramic views from the higher floors.  Condos available for resale range in price from $324K to $460K, with an average asking price of $400,000.

The Rotonda is a luxury condo community of highrise building in a premium location in Tysons Corner, including a pool, and even a bowling alley!  The westward facing condos have great scenic views.  The Rotonda was built in 1979 and its units range in price from $349K to $689K (for a 3 bedroom, 3.5 bath 1780 sq. ft. condo), with the average asking price of $473K.

There are also some new condo communities coming online in the near future including The Reserve at Tysons Corner.

Start your search for a Tysons Corner condo today.

by Brian Block
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