But somehow, it seems, home buyers are still finding their way to area listings. The two Zip codes that overlap the central retail area of Tysons Corner are 22182, which includes homes around Wolf Trap, and 22102, which includes neighborhoods to the north of Route 7, toward Dranesville.
The number of homes sold in the 22182 Zip code fell just 1 percent from 2009 to 2010, while the median sales price rose 3 percent, to $715,000. In 22102, the number of homes sold increased 22 percent and the median sales price was up by 17 percent, to $1.1 million, according to The Washington Post’s interactive home sale data map. In 22043, which abuts the southeastern side of the Tysons Corner retail area and includes Pimmit Hills and Idylwood, sales decreased 2 percent.
When stacked up against Zip codes for comparable suburban commercial hubs such as White Flint Mall or Largo Town Center, home sales around Tysons are faring no worse, and in some respects, better. The Zip code overlapping White Flint Mall, 20852, had a 15 percent drop in the number of sales but a 6 percent gain in median sales price last year. Largo Town Center’s Zip code, 20774, saw a 15 percent increase in the number of sales, but the median price fell 11 percent.
Mark Melikan, an associate broker with Long & Foster’s Tysons Corner office, says he thinks the development project is appealing to buyers. “It’s a definitely a sellers’ market for properties under $1 mil,” he said. “There are a lot of things under contract.” He said the area’s eventual convenience — and speculation on the part of investors — will lead home prices to appreciate.
“You’re not going to see a dramatic increase; it will be slow steps up,” he said.
The construction projects don’t appear to be affecting spring home-buyer activity on a $670,000 three-bedroom, 3 ½-bath listing near the Beltway/Route 7 interchange, according to Long & Foster agent Lee Scalzott.
“In only a week, we had 20 showings, and 19 people viewed it online,” before it went under contract, he said. The seller, whose job was moved overseas, accepted an offer from a buyer who already lives in Tysons Corner, Scalzott said.
The seller, Anu Yerukola, who lived in the home for two years, said she wouldn’t be selling if she were not leaving the country. “I’m not bothered by the construction,” she said. “I’m used to living in busy places.”
For some longtime Tysons Corner residents, however, it has been more of an adjustment living through multiple construction projects.