McLean Real Estate Market Report for January 2015
- New Listings: 23 (Up 15% from last year)
- Sold Listings: 31 (No change from last year)
- Active Listings: 138 (Up 58.6% from last year)
- Average Days on Market: 72 Days (Down 20% from last year)
- Average Sales Price: $1,400,260 (Down 4.8% from last year)
- List to Sold Price Ratio: 95.08% (Down 0.9% from last year)
The McLean Real Estate Market has slowed down from the previous year, with the average sales price down approximately 5% and over 50% more properties on the market than this time last year. While the average sales price is down, the median sales price of $1,100,000 is up 19.6% from last year, indicating an overall shift to more expensive homes purchased in the 22101 zip code. Since the 22101 area comprises of several subdivisions with home prices ranging from the mid-$600s to well over $1M, it’s important to understand not only the overall market trends, but also each individual subdivision. Contact Peggy today at 703-349-0143 for a more in-depth analysis of each McLean subdivision.
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Thinking about SELLING your McLean home?
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Want to BUY a McLean Home?
Below is the latest Vienna homes for sale on the market. Contact Peggy today at 703-349-0143 to arrange a showing!
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