Tuesday, November 10, 2009

McLean Virginia Real Estate Sales Market Report for October 2009





October 2009 McLean Real Estate Sales Market Report

Summary:
In October, McLeans higher priced homes thrived. There are very few distressed properties in Mclean so prices are holding strong and closings are happening quickly. Days on the market are way down also.

Contact us if you are thinking about buying or selling in McLean

Single Family Homes McLean
  • Sold McLean Homes in October 2009: 24 homes
  • Average Sold Price: $1,626,667
  • Median Sold Price: $1,350,000
  • Homes sold for about: 91.6% of asking price
  • Average Days on Market: 27 days 
Out of the 24 McLean home sales in October - 1 (.04%) was distressed (foreclosure, bank owned, short sale).

Townhomes in McLean
  • Sold McLean Townhomes in October 2009: 9 homes
  • Average Sold Price: $683,956
  • Median Sold Price: $590,000
  • Homes sold for about 97.1% of asking price
  • Average Days on Market: 167 days
Out of the 9 McLean townhomes that sold in October - 1 (11%) was distressed (foreclosure, bank owned, short sale).

Condos in McLean
  • Sold McLean Condos in October 2009: 26 homes
  • Average Sold Price: $292,519
  • Median Sold Price: $300,000
  • Homes sold for about 96.3% of Asking price
  • Average Days on Market: 50 days
Out of the 26 McLean condos that sold in October - 6 (23%) were distressed (foreclosure, bank owned, short sale).


McLean zip codes - 22101, 22102, 22103, 22016


703-725-2929




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