Big Increases in McLean In February 2011

February stats caught me by surprise for the sales last month in McLean. First of all, 10 of 33 properties were distressed (5 each of short sales and foreclosures). That’s a whopping 30% of market share – a number unheard of in McLean so far. So it’s kind of surprising that 22101 still saw a nearly 20% gain in average sale price over 2010. Now, the 22102 area of McLean saw a drastic decline in price, but that’s because most of their sales were distressed condos, which bring down average sale price compared to the multi-million dollar homes around the 22101 area. See for yourself:

22101
Single Family Home
Average Net Sale Price: $1,063,498 after 151 days
Range: $545,000 – $2,312,675

22102
Single Family Home
Average Net Sale Price: $964,824 after 169 days
Range: $618,000 – $1,810,946

1 Bedroom, 1 Bath Condo
Average Net Sale Price: $198,128 after 48 days
Range: $164,950 – $241,000

2 Bedroom, 2 Bath Condo
Average Net Sale Price: $283,333 after 63 days
Range: $260,000 – $315,000