Compare May 2009 and May 2010 real estate in Falls Church, and you’ll see an increase in units sold, an increase in average sale prices for detached properties, and condos. You’ll also see there’s a DRASTIC difference in the time a property is on the market before it sells. Of the 126 properties that changed hands last month, 11% were distressed (7 were short sales and 7 were bank-owned properties). Check out the average net sales price and days on the market:
Single Family, Detached Properties
$518,269 in 38 days
Range: $205,000 – $1,650,000
Townhouse
$458,660 in 18 days
Range: $226,900 – $617,000
1 Bedroom Condo
$142,605 in 25 days
Range: $84,000 – $209,500
1 Bedroom + Den Condo
$207,998 in 34 days
Range: $106,700 – $299,500
2 Bedroom Condo
$235,622 in 16 days
Range: $175,000 – $286,150
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