Falls Church City saw a 10% increase in average sale price over last year! Properties were selling for an average of 98.7% of the original list price, probably because inventory levels were down nearly 33% from 2011. Overall, a total of 125 properties sold in all of Falls Church, of which 8 were short sales and 7 were foreclosures (a decrease in overall market share of distressed properties). Here are the averages by property type throughout Falls Church:
Single Family, Detached
Average Net Sale Price: $555,307 after 48 days (median was 7)
Range: $223,000 – $1,588,500
Townhomes
Average Net Sale Price: $548,454 after 21 days (median was 5)
Range: $367,000 – $745,900
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $180,258 after 49 days (median was 16)
Range: $90,000 – $290,709
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $336,073 after 55 days (median was 12)
Range: $180,000 – $620,000