September 2009 Real Estate Market Update – Falls Church, VA
The stats for September in Falls Church, VA includes both the city of Falls Church and the part of Falls Church within Fairfax County.
Average Net Sale Price: $493,069 after 66 DOM
Range: $225,000 – $1,332,491
Avg Sold Price was 95.7% of Original List Price
Average Net Sale Price: $437,719 after 56 DOM
Range: $212,430 – $914,933
Avg. Sold Price was 95.48% of Original List Price
1 Bedroom Condos
Average Net Sale Price: $162,204 after 91 DOM
Range: $86,000 – $260,000
Avg. Sold Price was 91.78% of Original List Price
2 Bedroom Condos
Average Net Sale Price: $233,370 after 53 DOM
Range: $126,100 – $435,000
Avg. Sold Price was 101.34% of Original List*
Once again, sales are up in Falls Church City – sales volume, units sold, and days on the market (this one surprises me!), but prices are down from September 2008.
*This is an outlier. Overall, the entire City of Falls Church (regardless of type of property), is selling for about 95% of List Price.