McLean, VA 22101 – Multiple Listing Service Statistics – May 2011

Here are 2 jpeg files containing the latest market statistics for McLean VA 22101 from the local multiple listing service (click on files to see larger views):

Here are links to pdf files of the statistics (which are easier to read):

22101 May 2011 Stats

22101 May 2011 Stats 2

The statistics show the following changes from May 2010 to May 2011:

a decrease in number of total contracts form 82 to 69 (broken down as follows):

non-contingent contracts from 37 to 31
a decrease in number of contingent contracts from 45 to 38

a 14.39% increase in dollar volume for the month
a 4.3% increase in average sold price
a 9.68% increase in units sold from 31 to 34
a small decrease in average sales price to original list price ratio of 2.84%
a 66.67% decrease in number of attached units sold
a 40.91% increase in number of detached units sold from 22 to 31
a decrease in the number of days on the market of 26.55%

34 properties sold in McLean VA 22101 in May of 2011. As of May 31, 2011, 163 properties were on the market and 69 properties were under contract.

As compared to May 2010, the number of active listings was down by 5.23% and the number of contracts was down 15.85%, but the number of properties sold was up by 9.68%.

If you have any questions about this post or the McLean-Great Falls real estate market, please don’t hesitate to contact me at taniahosmer@gmail.com,

Tania Hosmer

Tania grew up in Northern Virginia and is a life long resident of the area. She has lived in McLean, Virginia with her husband and 2 children since 2001. She holds a bachelor’s degree in Physics from Mary Washington College and an MBA in Finance from The George Washington University. Tania began her real estate career over 20 years ago. In addition to real estate sales, her experience includes managing residential renovation projects in the greater Washington area, planning and overseeing new residential construction and managing rental properties. After completing her MBA in 1996, she joined CIG International (a Washington-based residential real estate investment firm) as Vice President where she conducted extensive due diligence investigations of real estate investment opportunities and oversaw ongoing investment projects. Tania became a residential real estate agent in 2006.

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