jump to navigation

July 2009 Real Estate Statistics in McLean, VA – 22101 and 22102 August 20, 2009

Posted by Laura Schwartz in McLean.
trackback

McLean, VA has seen some interesting developments over the past month from July 2008. For 22102, themedian sales price has fallen by 39%, but the average is only 1.6% down. This is a testament to where the activity is – in the lower price ranges. 22102 is dominated by detached property sales (39 of the 49 total sales in July were detached/single-family homes). For 22101, both the average AND median sales prices have fallen 25% since July 2008. The properties that sold in 22101 was evenly split between townhomes, condos, and detached properties. Here’s the breakdown:

22101

49 Total Sales

Detached Properties

Price Range: $416,000 – $2,590,000

Average: $952,752
Average Days on the Market (Property): 72

Townhomes

Price Range: $520,000 – $1,185,000

Average: $729,480
Average Days on the Market (Property): 50

22102

28 Total Sales

Detached Properties

Price Range: $775,000 – $4,150,000

Average: $1,786,444
Average Days on the Market (Property): 130

Townhomes

Price Range: $291,000 – $740,000

Average: $518,640
Average Days on the Market (Property): 80

2 bedroom, 2 bath Condo

Average: $300,000
Average Days on the Market (Property): 56

While they say 75% of all statistics are lies (ha!), you can see the numbers show it’s a great time to buy in McLean. For a more detailed Free Comparative Market Analysis with specifics about an individual property, please call or email me!

LJR GroupLaura@TheLJRGroup.com
703.283.6120

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: