What a huge difference a year makes. March 2010 for Falls Church, VA saw about the same number of homes sold – 119 in 2010 v. 116 in 2009 – but the numbers are vastly different. Average Home Sale Price is up across the board – 30% for single family homes, 10% for townhomes, a whopping 89% for 1 bedroom condos, and 17% for 2 bedroom condos…all sold within about 2/3rd of the time of last year. Selling faster, selling higher. Sums up the real estate market last month.
Of the 119 properties sold, 14 were short sales, and 23 were bank-owned, making about 31% of the market distressed.
Here are the average net sale prices and average days on the market for Falls Church:
Single Family Home
$521,418 in 63 days
Range: $209,900 – $1,299,000
Townhomes
$480,361 in 51 days
Range: $325,000 – $925,000
1 Bedroom Condos
$167,783 in 43 days
Range: $110,000 – $269,900
2 Bedroom Condos
$333,683 in 32 days
Range: $143,550 – $615,900
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