September 2010: days are down along with overall average net sale price. Of the 120 properties sold in Falls Church last month, 20 were bank owned and 16 were short sales, that makes 30% of the sales distressed. So it’s no wonder the overall sales price is down…however, compare individual property stats with September 2009, and you’ll see only single family homes are down in average net sale price.
Single Family Homes
Average Net Sale Price: $478,944 after 48 days
Range: $97,000 – $1,225,980
Townhomes
Average Net Sale Price: $468,646 after 45 days
Range: $227,950 – $662,000
1 Bedroom, 1 Bath Condos
Average Net Sale Price: $166,213 after 76 days
Range: $73,000 – $334,900
2 Bedroom, 1 Bath Condos
Average Net Sale Price: $ 174,973 after 29 days
Range: $97,000 – $344,000
2 Bedroom, 2 Bath Condos
Average Net Sale Price: $280,005 after 41 days
Range: $146,500 – $450,000
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