USA Today McLean, VA

The picture above is the USA Today headquarters building in McLean, VA.  Photo courtesy of patrickneilm

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 July through now:

MCLEAN VIRGINIA HOME SALES:

  • Active homes for sale:  172 -- 22 of those have just come on the market within the last 30 days! 

  • Average listing price: $1,813,125

  • McLean Homes sold in the last 30 days:  29

  • Average Sales Price:   $838,011

  • Median Sales Price:     $590,000

  • Average Days on Market:  59

  • Average Sales Price/Original Listing Price:  93.11%.  There's still some negotiating room on home sales in McLean Virginia.

Interesting Notes & Analysis: 

117 of the 172 McLean homes on the market or over 63% are listed for sale above $1 million.

Prices for homes for sale in McLean range from $185,000 to $14.95 million.

There's an obvious disconnect from the average price range of homes listed for sale and the average sales price of those actually selling.  This points to the fact that most of the sales in McLean have been the lower priced homes, particularly some of the condos in the Tysons Corner area. 

Additionally, while the average days on the market for homes that have sold is 59 days, those currently on the market average 165 days.  This too points to the slowness of the sales in the upper bracket ranges in McLean.

** Find a Home in McLean**

 

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This post has been included in Virginia Real Estate News Fairfax County, VA Real Estate News McLean, VA Real Estate News
Post is included in group: Northern Virginia Real Estate
Post is included in group: Posts to Localism
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Post is included in group: VIRGINIA

2 Comments on McLean Virginia Real Estate Market Snapshot: August 2010

AUG
23
2010

Very nice pic. We need more blogs like this.
2:18pm • #1
AUG
24
2010
977,210 Points 352 Featured Posts Attended Rain Camp Called Shot Master

I go by that building many times a week!
6:55am • #3


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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance, Managing Broker/Branch Vice President

Address: 6226 Old Dominion Drive, McLean, VA, 22101

Office Phone: (703) 626-0715

Cell Phone: (703) 626-0715

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