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A good finish for sales in 22102 in McLean, as prices soared nearly 38% over December 2011. While townhome prices were up in 22101, overall the average sale price dropped in December, likely fueled by a $9M sale last year which inflated prices. Overall, there were 43 sales in December, of which only 1 was [...]
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McLean Real Estate Continues to Stabilize and Increase
December 16th, 2011 
Laura Another strong month for McLean real estate, fueled by growing townhouse and condo prices around town. A total of 51 properties sold in November, only 1 was a foreclosure. In 22101, average prices were up nearly 22% year over year, while 22102 saw a small drop in average prices for detached homes (last year there [...]
Mixed Signals In McLean
November 15th, 2011 Laura In McLean, only 40 properties sold in October. While they’re selling in nearly half the time of 2010, 22101 saw more lower priced properties sell last month, bringing the average price down a bit. While in 22102, prices increased again just over 1%, especially in condos and single family homes. Of the 40 total sold, [...]
McLean Real Estate Steady During August 2011
September 19th, 2011 Laura Some prices are up, some are down, but overall, the McLean real estate market is holding steady. There were 74 sales in August and only 2 were short sales. Fueled by a couple of large sales, the 22101 averages are up over 11% from August 2010. Condos in the 22102 zip code did well with [...]
McLean Real Estate Selling Much Faster Than 2010
August 16th, 2011 Laura Days on the market was slashed in July 2011 compared to 2010. By zip code, 22101 fell 38% to 61 days, while 22102 fell 66% to 40 days. Of the 65 properties sold, only 3 were short sales, and none were bank-owned! Along with the summer, comes a bit of a summer-slowdown, so it’s no [...]
Luxury Market Keeping McLean Real Estate Moving Forward
July 18th, 2011 Laura June 2010 in McLean proved to be a strong month for the luxury market. Of the 78 properties sold, nearly half were asking above $1M. Of those 78, only 4 were short sales and 1 was a bank-owned foreclosure, contributing to a strong market. While average numbers show a decline, some property types are well [...]
McLean Real Estate Up Again in May 2011
June 29th, 2011 Laura 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 [...]
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 [...]
