McLean and Northern Virginia Real Estate | McLean and Northern Virginia Condos For Sale | McLean and Northern Virginia Homes

McLean's May Single Family Home Report: Total Sales Down Signficantly But Prices Up

Jun 10th 2010
Posted By: Craig Richardson @ 5:16pm In: McLean Real Estate Market
Tags: mclean, craig richardson, single family home sales, may 2010

What jumps out the most when examining single family home sales in McLean for May 2010 is that only 13 sold.  This is about 1/3 the total that sold in the past four Mays, by far the fewest in the period examined.  The number of single family homes sold in April 2010 was 19, again lower than previous Aprils.

The homes that did sell in May 2010 were the high end ones.  The median list price of $1.625 million and median sold price of nearly $1.6 million were almost double last May's median list and sold, and far outpaced May 2006, the second highest median list and sold in the past five Mays. 

The median days on the market of 63 for last month is fairly typical for these priced homes.  Obviously the more expensive homes in general take longer to sell.  Lower priced homes are still moving quickly.  For example, one house that sold in McLean last month was priced at $775,000 and it went in 6 days.

See the table below for additional information on May's single family home sales in McLean.  Data is gleaned from the MRIS.

May 2010  McLean S.F. Home Sales Report Craig Richardson

 

Want to search the MLS for free immediately?  Click here.

Want a free market analysis of the value of your home?  Click below.

Market Report McLean VA Craig Richardson

 

Twitter Icon

 



Share this Post: DiggTwitterFacebookGoogle Buzzdel.icio.usGoogle BookmarksStumbleUponredditBlinkList
Trackback URL: http://www.craigsrealtylist.com/trackback/mclean-s-may-single-family-home-report-total-sales-down-signficantly-but-prices-up.html

Trackbacks (0)

No Trackbacks found for this post.

Comments (0)

Be the first to comment on this post!

Post a Comment


(email not published - will display gravatar if available)