October 2009 Real Estate Market Update – Falls Church, VA

The stats for October in Falls Church, VA includes both the city of Falls Church and the part of Falls Church within Fairfax County.

Detached Houses

Average Net Sale Price: $492,878 after 59 DOM
Range: $210,000 – $1,321,650
Avg Sold Price was 96.33% of Original List Price

Townhouses

Average Net Sale Price: $382,943 after 88 DOM
Range: $120,000 – $555,000
Avg. Sold Price was 90.57% of Original List Price

1 Bedroom Condos

Average Net Sale Price: $184,527 after 36 DOM
Range: $85,500 – $260,000
Avg. Sold Price was 95.66% of Original List Price

2 Bedroom Condos

Average Net Sale Price: $314,677 after 44 DOM (median was 4)
Range: $160,000 – $600,400
Avg. Sold Price was 95.81% of Original List

Of the total 120 sales in Fall Church – 16 were short sales, and 13 were bank owned properties.

Falls Church has stayed pretty steady from month to month. Volume is still up, number of sales is almost double October 2008, and days on the market is down.

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