McLean, Virginia real estate statistics for June 2009 are very interesting. For 22101, sales volume is up about $11M from last year, the # of properties sold is greater, but the median is about the same. For 22102, sales volume is up about $4M because the number of properties sold is almost double 2008, probably because the median sales price is lower (by about $200k). Let’s take a look:
22101
A total of 58 properties sold
Single Family Homes
Price Range: $470k to $2.2M
Median Sale Price: $754,000 after 38 days
Average Sale Price: $923,000 after 105 days
Townhouses
Price Range: $515k to $900k
Median Sale Price: $636k after 145 days
Average Sale Price: $664k after 138 days
22102
A total of 43 properties sold
Single Family Homes
Price Range: $725k to $3.0M
Median Sale Price: $1,098,000 after 122 days
Average Sale Price: $1,251,408 after 227 days
Townhouses
Price Range: $295k to $720k
Median Sale Price: $329k after 101 days
Average Sale Price: $443,100 after 108 days
Condos
1 bedroom, 1 bath
Average Sale Price: $216,400 after 18 days
2 bedrooms, 2 baths
Average Sale Price: $383,605 after 75 days
Averages in McLean are easily skewed by the higher end luxury homes that sell. Take a look at the median to see where most of the action is taking place. Housing prices are more affordable than in years past – which is why the sales volume and # of sales have grown so much this year.
