Compared to June 2009, the real estate market in Falls Church is rebounding nicely. Prices are up across the board and days on the market are down. Even with 21.6% of the sold properties being distressed – 22 were short sales and 15 were bank-owned – prices are climbing again. Here’s the breakdown for June 2010:
Single Family Home, Detached
Average Net Sale Price: $555,033 after 45 days
Range: $230,000 – $1,475,000
Townhouse
Average Net Sale Price: $448,163 after 50 days
Range: $120,000 – $670,000
1 Bedroom Condos
Average Net Sale Price: $178,325 after 48 days
Range: $83,000 – $276,000
2 Bedroom Condos
Average Net Sale Price: $290,238 after 65 days
Range: $134,000 – $505,000
Remember these are just averages for the month. If you want more accurate pricing information for your home, please give me more specific information.