Falls Church Real Estate Market Update: January 14-20, 2011

January 24, 2011 by · Leave a Comment 

Welcome to the latest installment of the Falls Church Real Estate Update. The data for this post 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, 20 homes went under contract in Falls Church.
  • 95% of those homes were listed for less than $500,000.
  • None 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: 113
  • Active townhouse listings: 23
  • Active condo listings: 98

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

A total of 19 homes were sold in Falls Church this past week. Two of those homes were in Falls Church City, while the remaining 17 were outside of the city limits. The average sales price for all of the homes sold this week is $284,937.

The houses in Falls Church City sat on the market for an average of 49 days before selling. The homes outside the city limits that sold this week took an average of 51 days to sell.

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

Source: MRIS as of 1/21/2011.  All data deemed accurate but not guaranteed.

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