Last Month's McLean Townhouse Sales One of the Strongest Januaries in 5 Years
Posted By: Craig Richardson In: McLean Real Estate MarketDate: Thu, Feb 4th 2010 2:57 pm
The market for townhouses last month was arguably the strongest of any of the past five Januaries. Comparing January 2010 to the four previous Januaries, the 7 that sold was the most, edging out January 2006, when 6 changed hands. The 60 Med. DOM-P was the least in January 2010, less than half the time townhouses remained on the market in January 2009. Only January 2006 had a higher median list price ($925,000 compared to January 2010's $789,500) and a higher sold price ($850,000 compared to last month's $775,000).
It is important to remember that McLean doesn't have a huge number of townhouse developments, so the sales numbers in general tend to be on the low side compared to neighboring areas where this type of property are more prevalent. Please see below for more information on townhouses sales taken from data gleaned from MRIS.
