The warm scent of spring sent the McLean, VA real estate market up in April which should not surprise anyone who has followed Northern Virginia Real Estate Stats. There was a lot of snow during the winter months and those contracts written in late February or March came to a close in April.
Although our memories aren’t always accurate, remember that early 2009 had a cascading stock market and the country was falling into economic turmoil.
Please know that this information is reported from MRIS which is not guaranteed to be 100% accurate but should be considered pretty darn close.
Mortgage rates were again falling and super low (around 5%).
Home Sales Numbers for 22101 in April 2010:
- Total Units Sold in April 2010, 43 vs. 28 in 2009 (up 53.37%)
- Average Sold Price in April 2010, $859,531 vs. $861,659 in 2009 (down 0.25%)
- In the $700,000 to $799,999 range, 9 sold with 22 active listings
- In the $800,000 to $899,999 range, 5 sold with 19 active listings
- In the $900,000 to $999,999 range, 7 sold with 16 active listings
- In the $1,000,000 to $2,499,999 range, 9 sold with 94 active listings
- In the $2,500,000 to $4,999,999 range, 0 sold with 14 active listings
- In the $5,000,000 & Over range, 0 sold with 7 active listings
- Average days on market in April 2010 was 65 vs. 150 in 2009
- The average sold price in April 2010 was 95.51% of the average list price
Keep in mind there were big snow storms that shut down Northern Virginia for more than a week. I even had to push my car with my wife at the wheel up the hill on Route 123 in Tyson’s Corner near International Drive at 10:00 pm one Saturday night!
Home Sales Numbers for 22102 in April 2010
- Total Units Sold in April 2010, 25 vs. 18 in 2009 (up 38.89%)
- Average Sold Price in April 2010, $831,264 vs. $551,906 in 2009 (up 50.62%) *
- In the $700,000 to $799,999 range, 0 sold with 5 active listings
- In the $800,000 to $899,999 range, 0 sold with 13 active listings
- In the $900,000 to $999,999 range, 0 sold with 6 active listings
- In the $1,000,000 to $2,499,999 range, 3 sold with 65 active listings
- In the $2,500,000 to $4,999,999 range, 3 sold with 34 active listings
- In the $5,000,000 & Over range, 0 sold with 7 active listings
- Average days on market in April 2010 was 81 vs. 113 in 2009
- The average sold price in April 2010 was 93.07% of the average list price
**This zip code reflects some extremes in pricing as there were 19 sales under $600k and 6 sales over $1.0 million. The McLean, VA home market includes condominiums in all price ranges.
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