It’s no shock for a city within the #2 Richest Counties in America, McLean saw double-digit growth in both zip codes in October. Highlighted by a cash sale of $10.2M, 22101 saw average sale prices increase by 17.7% from October 2009, while 22102 saw a gigantic 34.23% increase. The fact that only 4 of the 42 sales last month were foreclosures probably helped.
22101
Single Family Detached House
Average Net Sale Price: $1,053,983* after 80 days
Range: $572,500 – $2,275,000
*Note: The $10.2M sale was excluded from the average calculation.
Townhouse
Average Net Sale Price: $846,633 after 32 days
Range: $794,900 – $885,000
22102
Single Family Detached Home
Average Net Sale Price: $1,880,714 after 408 days
Range: $1,010,000 – $3,100,000
1 Bedroom Condo
Average Net Sale Price: $195,000 after 59 days
Range: $190,000 – $200,000
2 Bedroom, 2 Bath Condo
Average Net Sale Price: $314,192 after 21 days
Range: $242,400 – $396,000
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That’s superb news! At least the housing bubble isn’t affecting everyone. It sounds hopeful that there are a few cities enjoying a little bit of an upswing.