Falls Church Houses and Townhouses See Price Increase in October 2011

Compared to October 2010, single family homes and townhomes saw generous increases in average net sale price year over year. A total of 88 homes sold in October, of which 22 were either short sales or foreclosures (25%). Here are the market statistics for October:

Single Family Homes, Detached
Average Net Sale Price: $581,588 after 61 days
Range: $245,000 – $1,318,000

Townhomes
Average Net Sale Price: $483,648 after 143 days* (82 without the unit that took 779 days to sell)
Range: $305,000 – $929,175

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $136,233 after 77 days
Range: $90,000 – $194,000

1 Bedroom + Den (or 2nd Bedroom), 1 Bathroom Condos
Average Net Sale Price: $173,809 after 42 days
Range: $95,000 – $270,000

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $231,225 after 79 days
Range: $137,500 – $350,000

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