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August 2009 Real Estate Market Update – McLean, VA – 22101 and 22102 September 25, 2009

Posted by Laura Schwartz in McLean.
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McLean VA is home to many businesses and personal residential pieces of real estate. The zip of 22101 is heavily populated with Businesses, so I’ve broken out the August statistics by zip code:

22101

Detached Houses

Average Net Sale Price: $1,078,628 after 101 DOM
Range: $500,000 to $2,585,000

Townhouses

Average Net Sale Price; $779,722 after 36 DOM
Range: $480,000 to $1,200,000

22102

Detached Houses

Average Net Sale Price: $1,099,125 after 155 DOM
Range: $738,000 to $1,950,000

1 Bedroom Condos

Average Net Sale Price: $211,000 after 24 DOM

2 Bedroom Condos

Average Net Sale Price: $455,693 after 82 DOM

The real estate market in McLean is almost like the Tale of 2 Cities. The area of 22101 is up about 8% in average sale price, up about 12% in median sale price, things are selling about 12 days faster than last year, and sales volume is up about 13%. However, in 22102, the number of units sold was only 2 fewer, however, average sale price is down 43%, volume is down 47%, and things are selling 27 days faster. Buyers are acting when they see something they like!

Search the current Homes For Sale in McLean VA

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