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McLean VA Home Sales Stats | Hyper Local January 2010

February 27, 2010 By Doug Francis

Walking Henry in the snow

Image by DougFrancis via Flickr

The national home sale data that has come out recently, like the Case-Shiller Home Price Indices, and local data  have been all over the place giving a confusing picture of the local real estate market. Here, I am going to look at the McLean, Virginia zip codes 22101 and 22102 real estate sales for January 2010.

Although our memories aren’t always accurate, remember that early 2009 had a cascading stock market and the country was falling into economic turmoil. It wasn’t until March 2009 that a bottom was established.

But please know that this information is reported from MRIS which is not guaranteed to be 100% accurate but should be considered pretty darn close.

Keep in mind, mortgage rates were again falling and super low (around 5%).

Home Sales Numbers for 22101 in January 2010:

  • Total Units Sold in January 2010, 24 vs. 13 in 2009 (up 84.62%)
  • Average Sold Price in January 2010, $1,243,281 vs. $1,1997,292  in 2009 (up 61.70%)
  • In the $700,000 to $799,999 range, 2 sold with 6 active listings
  • In the $800,000 to $899,999 range, 3 sold with 15 active listings
  • In the $900,000 to $999,999 range, 3 sold with 7 active listings
  • In the $1,000,000 to $2,499,999 range, 6 sold with 68 active listings
  • In the $2,500,000 to $4,999,999 range, 0 sold with 12 active listings
  • Average days on market in January 2010 was 93 vs. 175 in 2009
  • The average sold price in January 2010 was 81.54% 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 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 January 2010

  • Total Units Sold in January 2010, 15 vs. 7 in 2009 (up 114.29%)
  • Average Sold Price in January 2010, $798,493 vs. $626,429 in 2009 (up 27.47%) *
  • In the $700,000 to $799,999 range, 1 sold with 2 active listings
  • In the $800,000 to $899,999 range, 1 sold with 5 active listings
  • In the $900,000 to $999,999 range, 1 sold with 7 active listings
  • In the $1,000,000 to $2,499,999 range, 7 sold with 46 active listings
  • In the $2,500,000 to $4,999,999 range, 0 sold with 27 active listings
  • In the $5,000,000 & Over range, 0 sold with 6 active listings
  • Average days on market in January 2010 was 87 vs. 91 in 2009
  • The average sold price in January 2010 was 92.36% of the average list price

**This zip code reflects some extremes in pricing as there were 5 sales under $500k and 7 sales over $1.0 million. The McLean home market includes condominiums in all price ranges.

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Filed Under: Blog Tagged With: McLean, real estate

About Doug Francis

A Realtor specializing in unique and new homes around Vienna, Virginia, Doug started writing a first-hand blog about his everyday real estate experiences a decade ago. In-depth, helpful and fun has always been the objective. Outside real estate, he was profiled in a commercial for Verisign's "Where the World Clicks" global ad campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna (#3!). He's a Boston University graduate who feels morning coffee is non-negotiable.

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