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.
Search Falls Church Condos and Townhomes for Sale
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Search Falls Church Foreclosures (REOs and Bank Owned)
The market in Arlington, VA 22201 is moving QUICKLY. Check out these stats:
Total Sales: 40
Sold in less than 30 days: 26 (65%)
Sold between 31 – 60 days: 4 (10%)
Sold between 61 – 90 days: 3 (7.5%)
Sold in over 91 days: 7 (17.5%)
Shows you the importance of pricing the property correctly. Research shows that a property has to be within 10% of the perceived market value, by buyers, for an offer to be made. If you price right correctly to begin with, you’re more likely to get more for the house, rather than chasing the market.
Some overall statistics for 22201:
1 Bedroom Condos 1 Bedroom with Den Condos
Average Sale Price: $324,708 Average Sale Price: $371,438
Average Days on the Market: 30 Average Days on the Market: 45
Median Days on the Market: 8 Median Days on the Market: 42
Range: $241,350 – $437,000 Range: $295,000 – $459,000
2 Bedroom Condos Townhouse
Average Sale Price: $516,248 Average Sale Price: $781,000
Average Days on the Market: 46 Average Days on the Market: 43
Median Days on the Market: 33 Median Days on the Market: 22
Range: $451,900 – $543,000 Range: $570,000 – $1,000,000
Single Family House
Average Sale Price: $801,086
Average Days on the Market: 82
Median Days on the Market: 11
Range: $499,000 – $1,440,500
