Almost 30 homes over $1M sold in July, leading an increase in average and median sales prices in McLean last month. A total of 73 homes sold, of which only 1 was a short sale. Prices in 22101 averaged an 11% increase over July 2011, and average sale price was 97.9% of the original list price. In 22102, average prices were up over 25% and selling on average for 95.4% of original list price.
22101
Single Family, Detached Homes
Average Net Sale Price: $1,114,356 after 77 days
Range: $542,000 – $2,615,642
Median: $900,000 in 13 days
Townhomes
Average Net Sale Price: $704,750 after 39 days
Range: $526,000 – $822,500
22102
Single Family, Detached Homes
Average Net Sale Price: $1,347,200 after 48 days
Range: $790,000 – $3,150,000
Median: $1,165,000 in 14 days
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $270,428 after 5 days
Range: $218,000 – $376,390
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $611,181 after 52 days
Range: $260,000 – $1,192,950
Median: $367,500
*In circumstances where the average and the median prices differed greatly, I included both for your information.
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