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McLean real estate is literally flying off the market these days. Prices took a small dip in April, but that’s because more of the “affordable” houses in McLean sold last month, bringing average sale prices down. However, inventory is down throughout McLean, as are days on the market. In 22101, properties were selling for an [...]
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McLean Real Estate Inventory Decrease Causes Price Spike
April 13th, 2012 
Laura Decreases across both 22101 and 22102 in inventory levels caused massive double digit increases in average sale prices in March 2012. In 22101, inventory levels were down 5%, and average sale prices were up 36%. In 22102, a decrease of 7% in active homes for sale also caused a 36.8% increase in average sale prices. [...]
McLean Real Estate Prices Up Again
February 16th, 2012 Laura A total of 42 properties sold in January in McLean. Of those 3 were bank owned and 4 were short sales. Properties were averaging 71 days on the market. In 22101, properties are selling an average of 94% of original list price, while 22102 is a little less at 88%. In 22101, median prices fell slightly about 7% from [...]
McLean Sales in December 2011 End Year High in 22102
January 12th, 2012 Laura A good finish for sales in 22102 in McLean, as prices soared nearly 38% over December 2011. While townhome prices were up in 22101, overall the average sale price dropped in December, likely fueled by a $9M sale last year which inflated prices. Overall, there were 43 sales in December, of which only 1 was [...]
McLean Real Estate Continues to Stabilize and Increase
December 16th, 2011 Laura Another strong month for McLean real estate, fueled by growing townhouse and condo prices around town. A total of 51 properties sold in November, only 1 was a foreclosure. In 22101, average prices were up nearly 22% year over year, while 22102 saw a small drop in average prices for detached homes (last year there [...]
Mixed Signals In McLean
November 15th, 2011 Laura In McLean, only 40 properties sold in October. While they’re selling in nearly half the time of 2010, 22101 saw more lower priced properties sell last month, bringing the average price down a bit. While in 22102, prices increased again just over 1%, especially in condos and single family homes. Of the 40 total sold, [...]
Condo Sales Prices Rebound Nicely in McLean, VA
October 18th, 2011 Laura McLean has some luxury, multi-million dollar homes that keep the average sale prices high in the 22101 and 22102 zip codes. However, September was a better month for condo sales than those big, pricey homes. A total of 67 homes sold in McLean, of which only 2 were short sales. In 22101, average prices fell [...]
McLean Real Estate Steady During August 2011
September 19th, 2011 Laura Some prices are up, some are down, but overall, the McLean real estate market is holding steady. There were 74 sales in August and only 2 were short sales. Fueled by a couple of large sales, the 22101 averages are up over 11% from August 2010. Condos in the 22102 zip code did well with [...]
McLean Real Estate Selling Much Faster Than 2010
August 16th, 2011 Laura Days on the market was slashed in July 2011 compared to 2010. By zip code, 22101 fell 38% to 61 days, while 22102 fell 66% to 40 days. Of the 65 properties sold, only 3 were short sales, and none were bank-owned! Along with the summer, comes a bit of a summer-slowdown, so it’s no [...]
Luxury Market Keeping McLean Real Estate Moving Forward
July 18th, 2011 Laura June 2010 in McLean proved to be a strong month for the luxury market. Of the 78 properties sold, nearly half were asking above $1M. Of those 78, only 4 were short sales and 1 was a bank-owned foreclosure, contributing to a strong market. While average numbers show a decline, some property types are well [...]
