McLean Virginia has the highest percentage of million dollar homes on the market as a share of the entire housing inventory anywhere in Northern Virginia. Yes, fully 67% of the homes on the market in McLean are priced at $1 million or more, and more than half of those are priced over $2 million.
It's nice to boast of these stratospheric listing prices, but do these homes actually sell. The answer is yes. In the past 12 months, 43% of the single family homes sold in McLean went for over $1 million.
Current Picture of the McLean Real Estate Market
SUPPLY: As of February 11, 2010, there are about 191 homes on the market in McLean, Virginia. These range in price from $165,900 to $17.5 million, with an average listing price of just over $2 million.
DEMAND: In the last 30 days, 27 homes sold in the McLean, VA. At this pace, there'd be a 7.07 month inventory of homes on the market.
Here are the details about the housing inventory in McLean.
McLean Virginia Single Family Homes
Most of the McLean market is single family homes.
137 Single Family Homes are on the market in McLean at an average price of $2,589,569. The prices range from $545,000 to $17.5 million. There are only 16 homes priced below $1 million while there are another 16 McLean homes priced above $4 million!
The largest concentration of homes are in the following McLean neighborhoods:
Chesterbrook -- 10 homes available -- Average price $1,105,895
Langley Farms -- 6 homes available -- Average price $5,090,500
Woodside Estates -- 6 homes available -- Average price $2,700,500
CLICK HERE TO FIND A SINGLE FAMILY HOME IN MCLEAN
McLean Virginia Townhouses
Only 13 Townhouses are on the market in McLean at an average listing price of $1,035,969. The range in prices for McLean townhouses is between $419,000 and $1,795,000.
Townhouses in McLean are available in the following communities: Evans Farm, Evans Mill Pond, Hallcrest Heights, Hamptons of McLean, Mclean Mews, McLean Place, Merryhill, Merrywood on the Potomac.
FIND A TOWNHOUSE IN MCLEAN
McLean Condominiums
43 condos are on the market in McLean Virginia at an average price of $466,120. The range of prices for these condos is between $165,900 and $1,375,000.
Condos are available in the following McLean condo communities: Fountains at McLean, Gates of McLean, McLean House, Park Crest, Regency at McLean, Rotonda, and The Colonies.
FIND A MCLEAN CONDO
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The market in McLean is moving. Seems like everytime I call on a property it has multiple offers. The snow has slowed down my buyers the last two weekends but we have a two properties lined up for this weekend in McLean we hope won't disappear before we get there.