Fueled by some new construction sales, fewer distressed properties, and a shorter time on the market, Falls Church City saw an increase of 4.6% in median sales price over June 2010, while the average sale price increased nearly 1%. Days on the market fell from 86 to 51; of the 143 sales in June 2011, only 12 were short sales and 9 were bank-owned. Properties sold for 97.2% of original list price, on average. Statistics listed below are for all of Falls Church:
Single Family, Detached Homes
Average Net Sale Price: $597,790 after 38 days
Range: $265,000 – $1,975,000
Townhomes/Duplex
Average Net Sale Price: $536,860 after 36 days
Range: $308,426 – $869,500
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $183,934 after 37 days
Range: $110,000 – $325,900
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $314,242 after 25 days
Range: $159,930 – $517,900