Buy Alexandria Real Estate: McLean Virginia Real Estate Market Snapshot for July 2011

Alexandria Virginia Real Estate Blog

McLean Virginia Real Estate Market Snapshot for July 2011

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

McLean Market Snapshot

Here's a snapshot of McLean Virginia home sales in the last 30 days from the early late June 2011 through now:

MCLEAN VIRGINIA HOME SALES:

  • Active homes for sale: 267 -- 55 of those have just come on the market within the last 30 days!

 

  • Average listing price: $1,884,520 (down over $50K from last month's average $1,937,360).  However, homes are available in McLean from $225,000 to $12,900,000.  Over 68% of homes available in McLean are priced over $1 million.

 

  • McLean Homes sold in the last 30 days: 59. At this rate, it would take just slightly over 4.5 months for the current McLean inventory to sell.  If you're thinking about selling your home in McLean, now may be a great time to do it.

 

  • Average Sales Price: $786,564

 

  • Median Sales Price: $721,000

 

  • Average Days on Market: 47 -- Homes are selling pretty quickly in McLean - less than 7 weeks on average.

 

  • Average Sales Price/Original Listing Price: 95.47%. 

 
Interesting Notes & Analysis:

Of the 267 currently listed for sale, 184 McLean homes are priced above $1 million. 89 McLean homes are priced over $2 million!

The highest priced McLean home sold in the last 30 days was $2.27 million.

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Comment balloon 1 commentBrian Block • July 25 2011 04:31PM

Comments

Are any of these located in Bristow?  Oh, I just looked, and they aren't.  Again, well, you know what I mean...

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) over 6 years ago

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