Falls Church Real Estate On the Rise

Prices are up, foreclosures are down, and properties are selling about 4 days faster than 2010. Overall, there were 112 sales in April in Falls Church, of which 10 were bank owned and 12 were short sales, accounting for 19.6% of the market (down from 26% last year). Falls Church City actually saw a smile rise in new inventory, which is a nice change for home buyers.  Compare the following to 2010 and you’ll see all of the prices are up significantly over 2010, except 2 bedroom condo which stayed about the same.

Single Family, Detached Homes
Average Net Sale Price: $527,015 after 46 days
Range: $259,999 – $1,425,000

Townhomes
Average Net Sale Price: $575,385 after 23 days
Range: $326,000 – $925,000

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $176,707 after 90 days
Range: $92,000 – $316,932

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $284,498 after 25 days
Range: $214,000 – $505,583

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