Consistent with neighboring counties, McLean prices and market activity appear to be rebounding nicely also. As a whole, only 4 of the 44 properties sold were distress – 2 short sales and 2 foreclosures (last year it was 5 of 47). Breaking up the McLean market by zip, we see an increase in average sale price for 22102 by nearly 50% and a decrease is days on the market by 28.3%. The 22101 market saw nearly no change in average sale price from last year (just barely a 0.25% drop) and a decrease in days on the market by 57%. Let’s take a look by zip at average net sale price and days on the market:
22101
Detached Properties
$1,040,104 after 92 days
Range: $470,000 – $2,000,000
Townhomes
$885,758 after 148 days
Range: $1,360,000
22102
Detached Properties
$2,400,426 after 163 days
Range: $1,450,000 – $4,402,132
1 Bedroom Condo
$233,138 after 70 days
Range: $165,000 – $406,704
2 Bedroom Condo
$341,480 after 106 days
Range: $321,500 – $365,000
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