McLean Real Estate Has Another Good Month | Arlington Real ...

With inventory levels dropping dramatically in McLean these past few months, it?s no surprise that prices continue to climb. In 22101, total inventory was down over 12% from last year, while average sales prices were up 1%. In 22102, total inventory was down 8% from last year, helping prices increase nearly 23% over February 2011. A total of 35 properties sold in McLean during February, of which 4 were short sales. Here are the breakdowns by zip code:

22101
Single Family Homes
Average Net Sale Price: $1,106,964 after 163 days
Range: $535,000 ? $2,375,000

There were no condos and only 2 townhomes sold in February, so they?re not included here for averages.

22102

Single Family Homes
Average Net Sale Price: $1,036,667 after 114 days*
Range: $850,000 ? $1,225,00
*This does not include a short sale which took over 900 days to sell

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $224,630 after 11 days
Range: $204,900 ? $258,900

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $488,617 after 60 days
Range: $270,000 ? $850,000

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Source: http://arlingtonrealestatenews.com/mclean-real-estate-has-another-good-month/?utm_source=rss&utm_medium=rss&utm_campaign=mclean-real-estate-has-another-good-month

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