McLean Sales in December 2011 End Year High in 22102

A good finish for sales in 22102 in McLean, as prices soared nearly 38% over December 2011. While townhome prices were up in 22101, overall the average sale price dropped in December, likely fueled by a $9M sale last year which inflated prices. Overall, there were 43 sales in December, of which only 1 was a short sale and 1 was a bank-owned, making 4.6% of the market distressed. Here are the average prices based on property type and zip code:

22101

Single Family Homes
Average Net Sale Price: $1,045,676 after 66 days
Range: $500,000 – $1,922,210

Townhomes
Average Net Sale Price: $823,640 after 48 days
Range: $541,000 – $1,497,700

22102

Single Family Homes
Average Net Sale Price: $2,119,000 after 150 days
Range: $650,000 – $4,000,000

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $231,833 after 4 days
Range: $205,500 – $251,000

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $400,650 after 46 days
Range: $322,000 – $595,000

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