Wrapping up December 2010 for Falls Church with 101 sales. Of those sales, 10 were short sales, 13 were foreclosures, making 22.7% of the market distressed. The high portion of foreclosures undoubtedly contributed to some price drops in certain property types, but overall, Falls Church City saw a median sales price increase of 24.5% in December, while days on the market dropped 20.6% to 69. The number of foreclosures also dropped from December 2009 by about 5%!
Single Family Homes, Detached
Average Net Sale Price: $492,301 after 50 days
Range: $200,000 – $832,550
Townhomes
Average Net Sale Price: $489,747 after 98 days
Range: $391,100 – $616,875
1 Bedroom, 1 Bath Condos
Average Net Sale Price: $129,273 after 46 days
Range: $75,000 – $225,725
2 Bedroom, 2 Bath Condos
Average Net Sale Price: $248,891 after 68 days
Range: $159,225 – $458,000