McLean VA Real Estate Statistics
April 30th, 2008 Categories: Keller Williams, Mclean
The real estate markets of Florida, Phoenix, & Vegas - oh the horror!
With reports stating these are some of the worst markets right now, I wanted to continue talking about our local market, here in VA. Today’s topic: McLean! Besides home to our new office (on Elm St, near the corner of Old Dominion and Chain Bridge), it’s a great location surrounded by the bustle of Tyson’s Corner and Washington, D.C. but having the feel of Main Street USA.
Real Estate Prices: A Year-To-Year Comparison for March
Properties Sold: 2007: 57; 2008: 49
Average Sale Price: 2007: $1,025,831; 2008: $845,384 (17% drop)
Average Days on the Market: 2007: 103; 2008: 133 (30% increase)
Average Sale Price % of Listing Price: 2007: 95.3%; 2008: 92.9% (about 3% decrease)
Don’t fret! While on the surface it may look like things have taken a hit, these facts just reinforce that it’s a great time to buy. With Spring here and coming on in a full court press, properties will soon begin to start moving! Let’s go shopping!
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