Decline in Foreclosures and Short Sales: Seems like a long time ago we were talking about the increase in foreclosures and short sales around the area, almost 4 years ago. But this was really the first month there was a noticeable dropoff in the number of foreclosures – only 4 out of 105 sales during October. Falls Church City prices increased 14.6%! Days on the market for Falls Church fell to 28.
Single Family Homes
Average Net Sale Price: $662,147 in 29 days
Range: $320,000 – $1,825,000
Townhomes
Average Net Sale Price: $624,072 in 17 days
Range: $425,000 – $980,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $198,793 in 10 days
Range: $132,000 – $402,000
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $349,039 in 27 days
Range: $230,000 – $509,900
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