Northern Virginia Real Estate Market

Focus: McLean Market
June 27th, 2011 9:12 AM

So what's been happening in McLean?...

There were a total of 470 single family residential sales in the McLean market over the past 12 months, down from a total of 553 sales for the same period a year ago. The average sold price was $1,165,476, up from an average of $1,072,284 year-over-year. The median sold price was $900,553 with a sold price range of $250,000 - $10,200,000.  Days-on-market ranged from 0 - 1,277 days with a median DOM of 46 days.  The median sold price as a percentage of the median original list price was 92%. 

The most recent 6 month period shows a total of 225 sales with a sold price range of $450,000 - $9,000,000.  The median sold price was $875,000 with a median days-on-market of 43 days.  The median sold price as a percentage of the median original list price has been 92%. 

The local Realtor MLS shows a total of 248 Active single family residential listings for sale in the McLean market.  The price range is $430,000 - $17,900,000 with a median list price of $1,749,500 and a median days-on-market of 89 days. 

The months supply of inventory stands at 6.3 months based on 12 month sales and 6.6 months based on the most recent 6 months sales.

The highest sold price based on MLS data in the McLean market over the most recent 12 month period goes to the property at 1322 Balls Hill Rd McLean, VA 22101 with a sales price of $10,200,000 and a total days-on-market of 359 days. 

The highest list price for Active listings in the McLean market currently goes to the property at 1005 Fouders Ridge Ln McLean, VA 22102  This property has an asking price of $17,900,000 and has been on the market for 145 days.  

The McLean Community includes the following zip codes22101, 22102

Subdivisions within the McLean market include: 

Ash Grove, Beverley Manor, Birchwood, Breezewood, Briar Ridge, Briiggs and Hoopers, Brook Haven, Broyhill Glen Gary Park, Broyhill Langley Estates, Brioyhill Mclean Estates, Cedars of Mclean, Chain Bridge Forest, Chesterbrook, Chesterbrook Gardens, Chesterbrook Woods, Chesterford, clearview Manor, Countryside, Devon Park, Devine Landing, Dodd Property, Dominion Hill, Dominion Woods, Downcrest, El Nido, Elwood Estates, Evans Farm, Evans Mill Pond, Evermay, Forest Villa, Franklin Forest, Franklin Park, Greenway Heights, Hallcrest Heights, Hamel Hill, Hamptons of McLean, Hansborough, Hastings Estates, Hillside Manor, Hunting Ridge, Kent Gardens, Kings Manor, Kings Manor Town Houses, Langley Farms, Langley Forest, Langley Manor, Langley Oaks, Lewinsville Heights, McLean Chase, McLean Country Estates, McLean Crest, McLean Hamlet, McLean Manor, McLean Mews, Millwood, Old Dominion Gardens, Peacock Station, Potomac Estates, Potomac Hills, River Oaks, Rivinus, Rosemont, Saigon, Salona Village, SMC McLean, Southridge, Spring Hill, Stony Point, Sturbridge, Summerwood, The Cloisters, The REserve, Timberly, Trammells, Treeline, Walden of McLean, West Langley, West Lewinsville, West McLean, Westmont, Woodhaven, Woodside Estates, Wrennwood 

Market Trends for McLean:   

We are McLean Real Estate Appraisers!

We have appraisers in McLean zip codes 22101  22102

 


Posted in:General
Posted by Erol Sevin on June 27th, 2011 9:12 AMPost a Comment

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