McLean Virginia Real Estate Sales Market Report for December 2009

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December 2009 McLean Real Estate Sales Market Report
*194 Active Homes

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Summary:

Again not much change this month in Mclean.  There are alot of homes on the market.  We are expecting this to even increase dramatically this year.  This is because alot of the homes with mortgages over 700k are going to be short selling soon.  A majority of them got 5 year arms that adjust this year.  This is going to rock our NOVA community in the higher end homes. 

 

If your home mortgage is about to adjust and you can no longer make the payments, pleaes contact me asap. We have a law firm that will negotiate the short sale , so you do not have to pay the rest of your mortgage.

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

Single Family Homes McLean

• Sold McLean Homes in December 2009: 33 homes
• Average Sold Price: $1,130,917
• Median Sold Price: $1,050,000
• Homes sold for about: 93.9% of asking price
• Average Days on Market: 173 days 

Out of the 33 McLean home sales in December - 3 (9%) was distressed (foreclosure, bank owned, short sale).

Townhomes in McLean

• Sold McLean Townhomes in December 2009: 8 homes
• Average Sold Price: $762,688
• Median Sold Price: $720,000
• Homes sold for about 95.9% of asking price
• Average Days on Market: 63 days

Out of the 8 McLean townhomes that sold in December - 1 (13%) was distressed (foreclosure, bank owned, short sale).

Condos in McLean

• Sold McLean Condos in December 2009: 17 homes
• Average Sold Price: $419,232
• Median Sold Price: $253,000
• Homes sold for about 96.3% of Asking price
• Average Days on Market: 44 days

Out of the 17 McLean condos that sold in December - 5 (29%) were distressed (foreclosure, bank owned, short sale).


McLean zip codes - 22101, 22102, 22103, 22016

  Email: natejohnson@kw.com

703-725-2929