November Was A Good Month for Falls Church Real Estate; Prices Up 10.5%

Double digit increases in Falls Church City real estate values over November 2009, a 10.5% increase in median sales price. Overall, Falls Church City is up 5.8% year-to-date in median sale price. It should come as no surprise that days on the market is down 23% to 52 days, and foreclosures and short sales accounted for only 22.7% of closed sales (November 2009 was 30%). Take a look at the stats by property type:

Single Family Home (Detached)
Average Net Sale Price: $499,177 after 35 days
Range: $241,000 – $1,350,000

Townhouse/Duplex
Average Net Sale Price: $486,583 after 61 days
Range: $110,000 – $932,500

1 Bedroom Condo
Average Net Sale Price: $154,593 after 61 days
Range: $87,000 – $319,900

2 Bedroom, 1 Bath Condo
Average Net Sale Price: $203,317 after 28 days
Range: $125,500 – $339,900

2 Bedroom, 2 Bath Condo
Average Net Sale Price: $239,186 after 54 days
Range: $130,000 – $394,900

3 Bedroom, 2 Bath Condo
Average Net Sale Price: $321,200 after 52 days
Range: $290,000 – $359,000

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