Some prices are up, some are down, but overall, the McLean real estate market is holding steady. There were 74 sales in August and only 2 were short sales. Fueled by a couple of large sales, the 22101 averages are up over 11% from August 2010. Condos in the 22102 zip code did well with a monthly gain year over year. Here are the averages for August 2011:
22101
Single Family, Detached
Average Net Sale Price: $1,180,413 after 70 days
Range: $644,695 – $3,425,000
Townhomes
Average Net Sale Price: $810,333 after 55 days
Range: $545,000 – $947,000
22102
Single Family, Detached
Average Net Sale Price: $1,486,000 after 106 days
Range: $885,000 – $2,300,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $231,000 after 37 days
Range: $220,000 – $242,000
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $347,356 after 40 days
Range: $290,000 – $405,000