A total of 37 properties sold in January, only 2 were short sales. Multi-million dollar home sales made up the majority of sales, causing increases in average pricing. However, the more affordable homes in McLean, those under $1M, are selling quickly! In 22101, average prices increased 19.5% over 2012, median sales price was up 53.5%, units sold plummeted to only 12 (an indication of just how slim inventory is), and sellers averaged 94.3% of original asking price. In 22102, there were more condo sales during this January causing a decrease in average sale price for the zip code of 3.7%. Units sold was up to 25 and sellers averaged 94.7% of list price.
22101
Single Family Homes
Average Net Sale Price: $1,154,288 in 74 days (median was 23)
Range: $630,500 – $1,800,000
22102
Single Family Homes
Average Net Sale Price: $1,775,801 in 142 days* (median was 26)
Range: $520,000 – $5,000,000
*There was one house that took 691 days to sell, so it threw off the average considerably
1 Bedroom, 1 Bathroom Condo
Average Net Sale Price: $235,333 in 30 days (median was 8)
Range: $192,500 – $306,000
2 Bedroom, 2 Bathroom Condo
Average Net Sale Price: $394,080 in 24 days (median was 14)
Range: $270,000 – $670,000
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