An aberration from the trends we’ve been seeing the past few months, average sale prices in McLean were down last month. However, the good news is that days on the market is also down, as well as market share of foreclosures (only 2 of 56 in May were bank-owned and only 1 was a short sale). Here’s the breakdown by zip code for May 2010:
22101
Detached Properties
Average Net Sale Price: $1,426,689 in 212 days (however: median was 61)
Range: $633,200 – $3,850,000
Townhouse
Average Net Sale Price: $825,000 in 33 days
Range: $720,000 – $885,000
22102
Detached Properties
Average Net Sale Price: $1,859,950 in 285 days (however: median was 65)
Range: $880,000 – $2,450,000
1 Bedroom Condo
Average Net Sale Price: $266,914 in 22 days
Range: $218,000 – $482,400
2 Bedroom Condo
Average Net Sale Price: $410,720 in 19 days
Range: $245,000 – $720,918