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2016 Best Year in Decade for McLean and Great Falls Real Estate
 The year 2016 is going to go down in the history books as the best real estate market for sales in McLean and Great Falls in a decade. The number of transactions was up 10% year over year, rising to 1,081.  That is the first time ever over the 1k mark. Furthermore, compared to the 2006 market, it was up over 18%.  This is outstanding news for the market area as we enter into the new year of 2017 and the inauguration.  All segments performed better or remained steady in 2016 over 2015.  There were two segments that experienced year over year increase in sales of 20% or more.
The price segment that experienced the greatest increase year over year was the $1.25 to $2 m range. This market niche comprises mostly of in-fill new home builders who tear down existing older homes for the land value. It has been the case that many of the lots have been purchased off market thus potentially skewing the numbers for the lower price ranges. Available land for development in McLean and Great Falls is at a premium, thus it is difficult to predict how long this trend is likely to continue.  As long as ... more

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