While condo prices are a little lower than January 2010, single family homes (detached properties) are up over 10% in average net sale price. A total of 74 homes sold, 32.4% of which were distressed (10 short sales, 14 bank owned), a consistent percentage for Falls Church. Here’s how the numbers shaped up:
Single Family Homes
Average Net Sale Price: $560,498 after 86 days
Range: $228,350 – $1,299,250
Townhomes
Average Net Sale Price: $414,689 after 27 days
Range: $210,000 – $622,200
1 Bedroom, 1 Bath Condos
Average Net Sale Price: $139,576 after 89 days
Range: $72,000 – $265,000
2 Bedroom, 1 Bath Condos
Average Net Sale Price: $171,771 after 56 days
Range: $126,100 – $263,500
2 Bedroom, 2 Bath Condos
Average Net Sale Price: $287,194 after 46 days
Range: $150,000 – $502,403