McLean Real Estate Market Trends & Statistics

MCLEAN, VA - MARKET TRENDS

Check out our AUTO UPDATING CHARTS below for more current info or Request a Free Report

Welcome to our “McLean” market Statistics page. We hope you find these graphs and charts informative as you look for pricing and marketing trends in McLean, Virginia. If you are comparing other neighborhoods or need additional/different information, please feel free to live chat with us or call us anytime.
Here are some of the charts you will find in this report :
- Type of Transactions and how many sold in 2017 - Example: how many Foreclosures, Short Sales, Regular Sales etc. 
- Monthly Market trends 
- Per Property Type Sales, Avg Actual Price, Days on the Market etc. 
- Per Neighborhood Statistics
- And ALL the details down to address level! 

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If you are a seller – this information will give you a starting point, just like real estate agents, appraisals, we all start with numbers of what has happened. Then we go into detail of each "Comparable" property and add & subtract key information such as upgrades, updates, additions, condition etc. We provided this information for you so you can have a starting point and if you would like additional information and you are not working with an agent, please let us know. We love helping our neighbors and clients. Remember that with any property, there are multiple factors that come into place when finalizing pricing as well as the "Sale-ability" of your home. 

If you are a buyer – these charts will provide you with good guideline on pricing trends. If you would like to compare different neighborhoods and you are not working with an agent– give us a call. We can provide you with detailed information on the market as well as McLean and Tysons area, what is scheduled to happen with all the new construction and more. Give us a call - We love helping new buyers. 

Also take a look at our other Market Trend Videos and get educated along the process. If you are looking to buy in McLean and you are not working with an agent – we have great resources, different lender programs you may not be aware of, grants & assistance programs - yes even for McLean!, vendor & service providers as well as checklists, videos, guides and money saving tips! Please leave a feedback if you enjoy our information or if we can provide you with additional information!

What is Selling in McLean

Sales Trends and What They Mean...

CLOSED sales= SOLDS 
From this chart you can see how many transactions or sales happened per month

Average Sold Price – The average gross price for homes that closed during that period.

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Pricing Trends - Avg Sold Price by Home Type

What is Average Sales Price?

The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold.

If you would like to see the ACTUAL Avg Sales Prices - download our report to get a more accurate understanding 


Avg Price/Sqft by Home Type

What does Price/sqft mean?

Some people like to look at Avg Price/Sqft. This is not a very good statistic for Single Family Homes or Attached homes as various factors are not taken into consideration but is used for condos. 

When looking to buy a condo a lot of people will look at Average Price per square foot to get an idea of average price per sqft for a condo unit. Keep in mind that each condo may have different updates, upgrades finishes, or other benefits like extra garage spaces, storage unit, different layouts etc.

Keep in mind these are just numbers and they only show 1 side of the data! There is a lot more that goes into analysis than just numbers but it is a starting area!  


Avg SOLD price vs Original Listing Price Ratio

What does this Ratio Mean?

Original List Price - Original list price is the initial price the listing was put on the market at.  While a price can be reduced over the time a property is for sale, the original list price is used in this calculation to compare to the Final SOLD price - which is the final price - and does Not include subsidy! 
At 100% - Sellers got the price they listed the home for. Anything below that shows that they didn't get the originally listed price. So if you see 90% for a 500K originally listed price - it means the Sellers got 90% of $500K or $450K.


Avg "Days on Market" in McLean

What does Days on Market mean? 

Days on Market:  Calculation based upon the number of days a property is listed before receiving a contract. It is calculated based upon the property and accumulates between listings. It is the total number of days from the date when a property first comes on the market (list date) to the time is taken off the market due to a sale (contract date) or off market condition (off market date). 

Basically how long did it take to sell!


Months of Supply for McLean

What does Months of Supply Mean & why should I care?

Months of Supply (also known as "Months Supply of Inventory") tells you how many months it would take for all the current homes for sale on the market to sell, given the sales rate for that market.
 4 to 6 Months is generally considered a balanced market; less than 4 months a sellers' market as there are more buyers than homes available; more than 6 months can be considered a buyers' market as there are more homes for sale than buyers to purchase them.  


Other Stats that Auto Update - Are Also Available

We have other stats we can provide you on this neighborhood or others. Here are the details of information we can provide, give us a call if you'd like more data!

Supply and Demand
Months of Supply
Contract Ratio
Absorption Rate (New Pendings)
Absorption Rate (Closed Sales)
New Pending to New Listing Ratio
Seller Success Rate
Market Activity
Number of Sales
Number of New Pendings
Number of All Pendings (end-of-period)
Number of New Listings
Number of Active Listings (end-of-period)

Pricing Trends
Median Sale Price
Average Sale Price
Median List Price for Sales
Average List Price for Sales
Median List Price New Pendings
Average List Price for New Pendings
Median List Price for New Listings
Average List Price for New Listings
Median List Price for Active Listings (end-of-period)
Average List Price for Active Listings (end-of-period)

$ per Square Foot
Median Sold $/sqft
Median List $/sqft (Sales)
Median List $/sqft (New Pendings)
Median List $/sqft (All Pendings)
Median List $/sqft (New Listings)
Median List $/sqft (Active Listings)
Average Sold $/sqft
Average List $/sqft (Sales)
Avg List $/sqft  (New Pendings)
Avg List $/sqft (All Pendings)
Avg List $/sqft (New Listings)
Avg List $/sqft (Active Listings)

Pricing Ratios
Median Sales Price to Original List Price Ratio
Average Sales Price to Original List Price Ratio
Median Sales Price to List Price Ratio
Average Sales Price to List Price Ratio
Days on Market
Median Days on Market
Median Contract to Settle
Median Days to Settle
Average Days on Market
Average Contract to Settle
Average Days to Settle


Are you looking to Buy, Sell or Invest in McLean?

If you are looking to Buy, Sell or Invest in McLean, you are in the right place. Check out our offers and contact us to see how we can help you save when buying, selling or investing in  McLean VA. 

BUY

If you are ready for the condo lifestyle, give us a call. We provide expert guidance and information to help you find the best fit for your needs and desires. We know how to value condos and potential updates & upgrades. We will educate you on your Investment so you will know what to expect.
You will see our Condo Checklist, Condo guide & Training videos that will educate you through the Condo buying process every step o​​​​f the way, while we negotiate the best deal for you!
 

SELL

If you are looking to sell your condo, check out how we Pre-Market to create & gauge demand. How our Marketing Checklist and Walk-through, Staging Consultation can help you Maximize your investment While our Leading Edge Marketing, complete with 3D, 360 Videos, Property Page, Direct Mail, Social Media Reach as well as featured listing status on Zillow, Realtor and other sites to ensure you get the BEST Exposure, and Best Pricing Possible. All with our Guarantee!

INVEST

If you are looking to invest, you are looking for specific data and trends. We have special reports we generate for the Investors who are looking to work with us.

Our Analysis, complete with market trends, estimated value increases and more, can help you make better decisions on what type of properties to invest in and how must return you can expect as well as estimated vacancy rates and more. Ask us about our Investor Program and our special Investor Reports.

SAVE!

We Match or Beat any commission structure. If this is the case, please provide us with the details of the offers & services so we can match.

When working with experts there are savings that are tangible and intangible. We are Proud to be able to offer the $5,000 Savings or $500 Back on closing costs Guarantee! (** Your lender must approve)
We also provide "Loyalty Program" where you can receive additional $$$ - Ask us about it to save Even MORE...

Other Stats are also available - just ask...

We have other stats we can provide you on this neighborhood or others. Here are the details of information we can provide Here is the complete list of stats available

Supply and Demand
Months of Supply
Contract Ratio
Absorption Rate (New Pendings)
Absorption Rate (Closed Sales)
New Pending to New Listing Ratio
Seller Success Rate
Market Activity
Number of Sales
Number of New Pendings
Number of All Pendings (end-of-period)
Number of New Listings
Number of Active Listings (end-of-period)

Pricing Trends
Median Sale Price
Average Sale Price
Median List Price for Sales
Average List Price for Sales
Median List Price New Pendings
Average List Price for New Pendings
Median List Price for New Listings
Average List Price for New Listings
Median List Price for Active Listings (end-of-period)
Average List Price for Active Listings (end-of-period)

$ per Square Foot
Median Sold $/sqft
Median List $/sqft (Sales)
Median List $/sqft (New Pendings)
Median List $/sqft (All Pendings)
Median List $/sqft (New Listings)
Median List $/sqft (Active Listings)
Average Sold $/sqft
Average List $/sqft (Sales)
Avg List $/sqft  (New Pendings)
Avg List $/sqft (All Pendings)
Avg List $/sqft (New Listings)
Avg List $/sqft (Active Listings)

Pricing Ratios
Median Sales Price to Original List Price Ratio
Average Sales Price to Original List Price Ratio
Median Sales Price to List Price Ratio
Average Sales Price to List Price Ratio
Days on Market
Median Days on Market
Median Contract to Settle
Median Days to Settle
Average Days on Market
Average Contract to Settle
Average Days to Settle

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