Decreases across both 22101 and 22102 in inventory levels caused massive double digit increases in average sale prices in March 2012. In 22101, inventory levels were down 5%, and average sale prices were up 36%. In 22102, a decrease of 7% in active homes for sale also caused a 36.8% increase in average sale prices. A total of 58 homes were sold in McLean last month, of which only 1 was a short sale and 1 was a foreclosures.
22101
Single Family, Detached Homes
Average Net Sale Price: $1,284,081 after 85 days
22102
Single Family, Detached Homes
Average Net Sale Price: $2,183,169 after 146 days
Range: $865,000 – $6,000,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $216,667 after 8 days
Range: $210,000 – $225,000
2 Bedrooms, 2 Bathrooms Condos
Average Net Sale Price: $350,634 after 26 days
Range: $288,000 – $419,000