Homes Prices Soar Nearly $100,000 in the Month of July

Falls Church has seen months where most of the inventory was either a foreclosure or a short sale, but much of that is in the past according to average sales prices from last month. From July 2009, single family home prices were up nearly $100,000. Last month 128 properties changed hands, of which 30 were either short sales or foreclosures. Let’s see how this affected the rest of the market:

Single Family Homes
Average Net Sale Price: $554,157 after 44 days
Range: $180,000 – $1,100,000 (median days: 17)

Townhouse
Average Net Sale Price: $454,193 after 54 days
Range: $192,473 – $883,000 (median days: 27)

1 Bedroom Condos
Average Net Sale Price: $135,157 after 37 days
Range: $83,000 – $220,000

2 Bedroom, 1 Bath Condos
Average Net Sale Price: $140,272 after 40 days
Range: $97,000 – $227,800

2 Bedroom, 2 Bath Condos
Average Net Sale Price: $301,232 after 56 days
Range: $210,000 – $478,000