Falls Church Real Estate Market Update – January 2010

What a difference a month makes…Falls Church saw INCREASED sale prices (both on average and median) from 2009,total ┬ánumber of units increase, and days on the market decrease. A quick bounce in the other direction? Appears that way!

A total of 77 properties sold in January, of which 16 were short sales and 8 were bank-owned properties.

Below are the average net sales price and days on the market:

1 Bedroom Condos
$172,804 in 54 days (range: $82,025 – $256,800)

2 Bedroom Condos
$245,250 in 50 days (range: $220,000 – $270,000)

Townhomes
$469,268 in 32 days (range: $277,000 – $840,097)

Single Family/Detached
$508,983 in 50 days (range: $245,000 – $1,304,000)

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