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McLean's September Condo Market Returns to Normalcy

By
Real Estate Agent with National Realty

 

According to the data from the MRIS, the number of condos sold and closed in September 2009 bounced back to 20 after dipping to 10 sold in September 2008.  The twenty condos sold last month is close to September 2007, when 19 condos were sold, and September 2006, when 23 sold.

Again, prices are still down in September 2009 compared to September 2007 and September 2006.  The median sold price hit $380,000 in September 2007 before dipping to $269,950 in September 2008 and then rose slightly to 284,500 in September 2009.

The bottom line for the McLean real estate market -- single family, townhouses, and condos -- is that we've bounced back to the numbers sold before the downturn but prices are well below the levels at the peak of boom.  Here is the data for September 2009 condo sales. 

 

McLean VA Condo Market September 2009 Craig Richardson

 

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Market Report McLean VA Craig Richardson

 

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