Numbers are out for Falls Church, VA for February 2011 and things are looking OK around town. A total of 90 properties closed, an increase from 2010, and of those 28.9% were distressed (16 short sales, 10 foreclosures), down more than 6% from 2010. Inventory in Falls Church City is down nearly 49% from last year!
Single Family Home
Average Net Sale Price: $472,641 after 81 days
Range: $250,000 – $1,360,000
Townhomes
Average Net Sale Price: $486,543 after 91 days
Range: $445,000 – $547,500
1 Bedroom, 1 Bath Condos
Average Net Sale Price: $137,514 after 89 days
Range: $71,500 – $210,000
2 Bedroom, 2 Bath Condos
Average Net Sale Price: $269,541 after 107 days
Range: $135,004 – $462,450