June was another strong month for the real estate market in McLean, VA. A total of 80 properties changed hands, of which 2 were short sales and 6 were bank-owned. Average prices are up nearly 30% for 22102 and over 15% for 22101 over 2009. Both saw a decline in days on the market by about 47% (73 days for 22102 and 62 days for 22101). Here’s how the numbers breakdown:
22101
Single Family Home, Detached
Average Net Sale Price: $1,029,071 (Range: $550,000 – $3,603,350)
Average Days on the Market: 58
Townhouse
Average Net Sale Price: $907,286 (Range: $540,000 – $1,685,000)
Average Days on the Market: 65
22102
Single Family Home, Detached
Average Net Sale Price: $1,467,129 (Range: $815,000 – $2,600,000)
Average Days on the Market: 129* (median was 57, 1 property was on over 2 years and threw off the average)
1 Bedroom Condo
Average Net Sale Price: $232,413 (Range: $160,500 – $349,680)
Average Days on the Market: 28
2 Bedroom, 1 Bath Condo
Average Net Sale Price: $235,510 (Range: $152,000 – $320,000)
Average Days on the Market: 17