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McLean and Great Falls 3rd Quarter Market Update
First 3 Qtrs. 2019 Comparison to
Same Time 2018 and 2009
McLean and Great Falls
Real Estate Market Update To date 2019 is one of the best real estate markets in over a decade.  Happy days are here again! Total sales in McLean and Great Falls are up year over year by around 5%.  The numbers tell the story.  In McLean and Great Falls in the first three quarters of 2019 there were 904 sales.  In the same time frame for the previous year, 2018, there were 865. 
 
The most improved segment is the price range of $1 to $1.25 m as represents the move-up buyer.  Confident that their lower priced home will sell quickly, maybe even with multiple offers and over list price, they are ready to take the leap to the next price point. 
 
The price ranges below $1.25 m in many cases represent condos, town homes and the tear down homes for lot/land value in McLean and Great Falls.  An indication that properties may be selling off market directly to builders is that the under $750,000 price point went from 265 to 248 transactions overall in these communities.  Statistics tell one story and data that isn’t available tells another. 
 
In most cases, a property ... more

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