McLean Condo Prices Increase During June 2013

McLean Condo Prices Increase During June 2013

McLean Condo Prices Highlight:

We normally focus on the prices of single family homes in McLean, since that’s the majority of the market. However, condos in McLean saw a 5% increase in price from last year. A total of 83 properties sold, only 3 were short sales. In 22101, prices increased just over 1% on average, days on the market fell to 47, and sellers averaged 98.6% of original list price. In 22102, median sales price was up about .5%, sellers averaged 98.8% of original list price, and days on the market fell to 26.

22101

Single Family Detached
Average Net Sale Price: $1,132,488 in 21 days
Range: $695,000 – $2,276,569

22102

Single Family Detached
Average Net Sale Price: $1,300,866 in 46 days
Range: $690,000 – $2,400,000

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $243,250 in 12 days
Range: $220,000 – $278,000

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $344,300 in 13 days
Range: $278,800 – $380,000

 

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