McLean, VA Real Estate Market Update – February 2010

McLean appears to have slowed a tad in the month of February. Both in 22101 and 22102, average sale prices are down about 20%, days on the market are down (19% in 22101 and a drastic 81% in 22102), and both had more units trade hands in 2010 than 2009. Of the 30 properties that sold: 1 was a short sale and 2 were bank-owned.

22101

Single Family Home
Average Net Sale Price: $958,638 after 141 days
Range: $516,000 – $2,700,000

22102

1 Bedroom Condo, Average Net Sale Price: $217,300 after 12 days
2 Bedroom Condo, Average Net Sale Price: $287,325 after 30 days
SFH, Average Net Sale Price: $984,600 after 107 days
SFH Range: $739,000 – $1,329,500