McLean Real Estate Continues to Climb

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 22102 was up 8.68%. The $9M sale in 22101 undoubtedly helped nudge the price up considerably over 2009. Take a look at the break down my zip and property type:

22101

Single Family Home, Detached
Average Net Sale Price: $1,398,077 after 97 days
Range: $425,000 – $9,000,000

Townhouse
Average Net Sale Price: $711,375 after 146 days
Range: $615,000 – $790,000

22102

Single Family Home, Detached
Average Net Sale Price: $1,506,322 after 183 days
Range: $950,000 – $1,763,610

1 Bedroom, 1 Bath Condos
Average Net Sale Price: $263,324 after 43 days
Range: $196,000 – $365,447

2 Bedroom, 2 Bath Condos
Average Net Sale Price: $413,777 after 53 days
Range: $335,000 – $541,330