A decrease in foreclosures and short sales and an increase in properties sold helped strengthen the real estate market in Falls Church in June. Days on the market in Falls Church City fell drastically from 51 last June to just 20 days this year. Inventory is down over 33%, probably accounting for the fast acting buyers in the pool. Here are the averages for June:
Single Family Homes
Average Net Sale Price: $578,285 after 33 days
Range: $222,000 – $1,657,000
Townhomes
Average Net Sale Price: $509,295 after 32 days (median was 6)
Range: $275,000 – $910,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $174,206 after 31 days
Range: $95,000 – $306,500
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $306,971 after 20 days
Range: $141,000 – $615,000
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