Falls Church Weekly Market Update: January 20, 2012

January 20, 2012 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, 22 homes went under contract.
  • 55% 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: 115
  • Active townhouse listings: 21
  • Active condo listings: 64

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

A total of 18 homes were sold in Falls Church this past week. Three of those were in Falls Church City, while the remaining 15 were outside of the city limits. The average sales price for all of the homes sold this week was $309,011.

The homes in Falls Church City sat on the market for an average of 158 days, while the homes outside the city limits sat on the market for 37 days on average.

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

Get a free market analysis of your home.

Source: MRIS as of 1/20/2012.  All information deemed accurate but not guaranteed.

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