Averages can be deceiving. Most of the properties in McLean are selling within 2 weeks and over 25% of the houses sold in May sold with mutliple offers, causing prices at or above list price! Prices are up both in 22101 and 22102 by 6.6% and 3.8% respectively. Inventory was down by 18.4% in 22101 and 12.4% in 22102.
22101
Single Family, Detached
Average Net Sale Price: $1,082,646 in 47 days
Median Days on the Market: 15
Range: $630,000 – $2,600,000
22102
Single Family, Detached
Average Net Sale Price: $1,467,242 after 73 days
Median Days on the Market: 13
Range: $775,000 – $3,694,416
1 Bedroom, 1 Bathroom Condo
Average Net Sale Price: $246,100 after 17 days
Median Days on the Market: 6
Range: $205,000 – $362,000
2 Bedroom, 2 Bathroom Condo
Average Net Sale Price: $446,875 after 18 days
Range: $315,000 – $662,000
Find Out What Your McLean Home Is Worth or Search McLean Homes For Sale
Real estate investment is really the best because it is a form of passive income. The only downside is that you need a lot of startup capital for it. ..:*.
Till next time
http://www.foodsupplementdigest.com“>