Falls Church continues to see high numbers of short sales and bank-owned properties, in fact there were 30 in December, of the total 106 properties that sold (28.3%). So it’s no wonder prices are still lower than 2008.
Detached Homes
Average Net Sale Price: $484,960 after 66 Days on the Market
Range: $215,000 – $1,810,000
Townhouse
Average Net Sale Price: $501,028 after 42 Days on the Market
Range: $115,000 – $875,000
Condos
1 Bedroom Average Net Sale Price: $168,561 after 46 Days on the Market
1 Bedroom with Den Average Net Sale Price: $180,112 after 91 Days on the Market
2 Bedroom Average Net Sale Price: $254,606 after 29 Days on the Market
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January 25th, 2010
Laura
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[...] while days on the market dropped 20.6% to 69. The number of foreclosures also dropped from December 2009 by about [...]