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September 2009 Real Estate Market Update – Falls Church, VA October 19, 2009

Posted by Laura Schwartz in Falls Church.
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The stats for September in Falls Church, VA includes both the city of Falls Church and the part of Falls Church within Fairfax County.

Detached Houses

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

Townhouses

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.

Search Falls Church Condos and Townhomes for Sale

Search Falls Church Homes For Sale

Search Falls Church Foreclosures (REOs and Bank Owned)

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