Falls Church Weekly Update: May 21, 2010

May 21, 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, 41 homes went under contract in Falls Church. That’s up 58% from last week.
  • 54% of those homes were listed for less than $500,000.
  • Two 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: 152
  • Active townhouse listings: 30
  • Active condo listings: 110

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

A total of 33 homes were sold in Falls Church this past week, which is down 52% from last week.  Six of those homes were in Falls Church City. The remaining 27 were outside the city limits in Fairfax County. The average sales price for all of the homes is $357,645.

The average number of days on market for homes that sold in the past week is 37 days for those homes within the city limits, and 44 days for those outside the city limits in Fairfax County.

If you’d like more information or if you have any questions, please contact the Wethman Group.

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

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