Falls Church Real Estate Steady

March 2011 saw a market share of 24.4% of distressed properties, about 6% lower than March 2010. With fewer foreclosures and short sales on the market, prices of single family homes increased year over year, while more lower end properties dragged average prices down for townhomes and condos this month. Compare the breakdown to last year:

Single Family Homes
Average Net Sale Price: $534,063 after 50 days
Range: $280,000 – $1,609,800

Townhomes/Duplex Average
Net Sale Price: $401,487 after 71 days
Range: $215,000 – $682,500

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $104,853 after 34 days
Range: $80,500 – $171,900

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $277,944 after 88 days
Range: $137,500 – $530,000

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