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With only 4 distressed properties of the 62 sold in McLean in May, it’s easy to understand why prices continue to rise. In 22101, average sale prices increased just over 4% while days on the market decreased to 83. In 22102, average sale price increased just over 10% while days on the market jumped up [...]
Archive for the ‘McLean’ Category
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April Gives McLean Real Estate Values A Double Digit Increase Over 2010
May 23rd, 2011 
Laura There were 63 sales in April in McLean, of which 3 were short sales and 3 were bank owned. Of those bank owned was a $4M+ home on Langley Ridge Rd, which helped give the 22102 zip a 12.73% increase in average sale price year over year. Nearby, 22101 did even better with a 22% [...]
McLean Real Estate Continues to Stay Strong
April 19th, 2011 Laura McLean, VA saw 53 properties change hands in March 2011. Of those 53 only 1 was a short sale, and 1 was a foreclosure – continuing to show the strength of the market. Some averages are up, some are down, but properties are continuing to sell close to list price. The 22102 zip code saw [...]
Big Increases in McLean In February 2011
March 25th, 2011 Laura February stats caught me by surprise for the sales last month in McLean. First of all, 10 of 33 properties were distressed (5 each of short sales and foreclosures). That’s a whopping 30% of market share – a number unheard of in McLean so far. So it’s kind of surprising that 22101 still saw a [...]
Luxury Homes Still Selling in McLean
February 25th, 2011 Laura McLean saw 37 properties trade hands in January 2011, of which 1 was a short sale and 4 were bank owned. Of those 37, 11 were over $1M, bought with cash, a sign that the luxury market is still strong in Northern Virginia. More signs of strength for the 22102 zip code was an increase [...]
McLean Real Estate Continues to Climb
January 13th, 2011 Laura Yet another strong month for homeowners in McLean, VA for December 2010. A total of 52 properties were sold, of which 1 was a short sale and 3 were foreclosures, for a total market share of 7.7%. Prices were up in both zip codes: 22101 saw an increase of 22.85% in average sale price, while [...]
McLean Real Estate Values Up Again in November 2010
December 20th, 2010 Laura Another strong month for McLean, VA real estate prices. A total of 45 properties sold in November, of which only 1 was a bank-owned condo, and 5 were short sales. The 22101 area saw an average increase in sale price of 9.93%, while 22102 saw a 6.77% increase. Here are the stats by zip code [...]
McLean Real Estate Prices Up Over 30%, Highlighted By $10.2M Sale
November 15th, 2010 Laura It’s no shock for a city within the #2 Richest Counties in America, McLean saw double-digit growth in both zip codes in October. Highlighted by a cash sale of $10.2M, 22101 saw average sale prices increase by 17.7% from October 2009, while 22102 saw a gigantic 34.23% increase. The fact that only 4 of the [...]
McLean Real Estate Values Up 22% from 2009
October 15th, 2010 Laura September 2010 was a good month for homeowners in McLean, they saw a 22% increase in average sale price from 2009. Both 22101 and 22102 increased by 22%, while days on the market decreased by 52% to 49 in 22101, while 22102 decreased 36% to 52. There were a total of 38 sales last month, [...]
Good News for McLean Home Owners…And A Red Alert for Buyers Waiting.
September 13th, 2010 Laura McLean – home to Mars, a few Desperate Housewives, Mitre, and Freddie Mac. So how has the current economic state effected the real estate market? It appears, from the August statistics, that McLean homeowners should be happy….and that buyers should stop waiting! Of the 67 properties sold in 22101 and 22102, only 3 were distressed [...]
