McLean Virginia Home Sales Stats

: Image by woodleywonderworks via Flickr

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.