Another decrease in foreclosures and short sales fueled price increases in the real estate market in Falls Church last month. A total of 106 properties sold, of which 9 were foreclosures and 6 were short sales. Prices increased compared to 2011:
Single Family Homes
Average Net Sale Price: $516,062 after 54 days
Range: $231,970 – $1,195,000
Townhomes
Average Net Sale Price: $476,748 after 76 days (median: 35)
Range: $379,275 – $575,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $199,987 after 101 days (median: 40)
Range: $80,282 – $341,500
2 Bedrooms, 2 Bathrooms Condos
Average Net Sale Price: $350,149 after 48 days (median: 6)
Range: $260,000 – $419,145
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