Falls Church Weekly Update: April 23, 2010

April 26, 2010 by · Leave a Comment 

Welcome to the weekly installment of the Falls Church Weekly Real Estate Update. The data was compiled using the statistics for both the City of Falls Church and those parts of Falls Church that lie outside of the city’s limits in Fairfax County.

Falls Church Contracts

  • In the past week, 52 homes went under contract in Falls Church. That’s up 73% from just two weeks ago!
  • 73% of those homes were listed for less than $500,000.
  • 2% of the homes that went under contract this week were listed for more than $1,000,000.

Falls Church Inventory

  • Active single family home listings: 153
  • Active townhouse listings: 40
  • Active condo listings: 110

Inventory is up 3% from last week.

Listings Sold & Average Days on Market in Falls Church and Falls Church City

A total of 25 homes were sold in Falls Church this past week. That’s up 150% from last week!  Five of those homes was in Falls Church City, while the remaining 20 were outside of the city limits. The average sales price for all of the homes is $329,936.

The average number of days on market for homes that sold in the past week in Falls Church City is 43. For homes outside the city limits, it’s a bit higher at 50 days.

If you’d like more information, please contact the Wethman Group.

Source: MRIS.  All data deemed accurate but not guaranteed.

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