By affordable, I mean huge gains in homes under $1M in McLean. A total of 97 homes sold in June, of which only 1 was a short sale and 2 were foreclosures. In 22101, average prices soared over 17% above last year, while homes were selling for 96.6% of original list price and inventory dipped 8% below last year. In 22102, fewer of the multi-million dollar homes sold, but the median sale price increased over 8% from 2011.
22101
Single Family Homes
Average Net Sale Price: $1,173,193 after 93 days (median was 15)
Range: $540,000 – $3,250,000
Townhomes
Average Net Sale Price: $772,167 after 54 days (median was 10)
Range: $568,000 – $1,525,000
22102
Single Family Homes
Average Net Sale Price: $1,484,118 after 138 days (median was 34)
Range: $770,000 – $3,100,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $331,500 after 28 days (median was 6)
Range: $204,500 – $515,000