Another strong month for McLean real estate, fueled by growing townhouse and condo prices around town. A total of 51 properties sold in November, only 1 was a foreclosure. In 22101, average prices were up nearly 22% year over year, while 22102 saw a small drop in average prices for detached homes (last year there were more multi-million dollars home sold, which caused a slight drop this year), however, condo prices were significantly higher than this time last year. On average, properties are selling for 95% of original list price in 22102 and 96.1% in 22101.
22101
Detached, Single Family Home
Average Net Sale Price: $1,448,006 after 77 days
Range: $588,000 – $8,600,000
2 Bedroom, 2 Bathroom Condo
Average Net Sale Price: $666,128 after 5 days
Range: $332,500 – $1,150,000
22102
Detached, Single Family Home
Average Net Sale Price: $1,474,357 after 128 days
Range: $795,000 – $3,049,500
1 Bedroom, 1 Bathroom Condo
Average Net Sale Price: $236,953 after 23 days
Range: $179,400 – $400,720
2 Bedroom, 2 Bathroom Condo
Average Net Sale Price: $497,878 after 50 days
Range: $303,000 – $975,000