A total of 42 properties sold in January in McLean. Of those 3 were bank owned and 4 were short sales. Properties were averaging 71 days on the market. In 22101, properties are selling an average of 94% of original list price, while 22102 is a little less at 88%. In 22101, median prices fell slightly about 7% from 2011, while 22102 saw a huge increase of 170% (fueled by a $4M sale).
22101
Single Family, Detached
Average Net Sale Price: $988,918 after 116 days
Range: $542,500 – $2,345,000
Townhouse
Average Net Sale Price: $903,460 after 35 days
Range: $615,000 – $1,381,800
22102
1 Bedroom, 1 Bathroom Condos
Average of 2 sales: $215,000
(Both sold for $215k, thus no range and not a good point for days on the market)
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $294,975 after 29 days
Range: $265,000 – $340,000
Single Family, Detached
Average Net Sale Price: $1,780,625 after 222 days
Range: $840,000 – $4,275,000
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