Buy Alexandria Real Estate: McLean Virginia Real Estate Market Snapshot: January 2011

Alexandria Virginia Real Estate Blog

McLean Virginia Real Estate Market Snapshot: January 2011

McLean Virginia Northrop Grumman Office Building

The photo above is of a Northrop Grumman office building in McLean, Virginia (photo credit Jim Moore)

What's Happening today in the McLean, Virginia Real Estate Market?

Here's a snapshot of McLean Virginia home sales in the last 30 days from the end of December 2010 through now:


  • Active homes for sale:  226 -- 30 of those have just come on the market within the last 30 days! 

  • Average listing price: $1,746,285

  • McLean Homes sold in the last 30 days:  31.  At this rate, it would take nearly 7 months for the current McLean inventory to sell -- however, I expect that sales will pick up in the early Spring. 

  • Average Sales Price:  $1,226,088

  • Median Sales Price:     $864,000

  • Average Days on Market:  133 -- time on the market has increased substantially in the Winter (especially since these numbers include the traditionally slower holiday period from Thanksgiving to New Years)

  • Average Sales Price/Original Listing Price:  81.64%.  This number is heavily skewed due to a very large price drop on one or two high-priced homes in McLean.  Discounting those, the average sales price to listing price ratio is likely closer to the low 90-percents.

Interesting Notes & Analysis: 

Of the 226 currently listed for sale, 144 McLean homes or 63.7% are priced above $1 million.  64 McLean homes are priced over $2 million!

Prices for homes in McLean that sold within the last 30 days range from $180,000 to $9 million.

** Find a Home in McLean**


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Comment balloon 0 commentsBrian Block • January 24 2011 01:12PM