Falls Church Condos: Savoy Park

February 7, 2012 by · Leave a Comment 

Located in the Bailey’s Crossroads section of Falls Church, Savoy Park comprises four buildings that house about 250 units. Constructed in the mid 1990s, the community is close to major commuting routes, such as I-395 and Leesburg Pike (Route 7). Savoy Park is also about four to five miles from metro stations in both Arlington and Alexandria.

Savoy Park offers some nice amenities for its residents, including an outdoor pool, exercise room, a club house, picnic area, a jogging/walking path, and a playground for the little ones.

Savoy Park earns a walk score of 78, so it’s considered ”very walkable.” Residents have to travel just a half mile to get to more than a dozen restaurants, such as Skyline Cafe and Edy’s Chicken & Steak. If you’re the type that needs a little caffeine jolt in the morning to get moving, a half dozen coffee shops are within a half mile. Also, nearly a dozen grocery stores are within a mile of Savoy Park. If the outdoors are your thing, two parks are just a quick walk or jog away from your front door.

Currently, five units are actively listed for sale in Savoy Park, according to MRIS, our local MLS. Two of those units have one bedroom and one bath with 644 square feet of living space. The average asking price for those units is $194,450, and they’ve been on the market for an average of 122 days. The other three units for sale have two beds and one bath. They’ve been on the market for 86 days on average with an average asking price of $271,300. None of the units listed for sale in Savoy Park are short sales or foreclosures.

Four units in Savoy Park are currently under contract. All are two-bed, one-bath units that have been on the market for an average of 120 days. The average asking price for those units is $256,950. One of the units under contract is a foreclosure, while none are short sales.

In the past year, 17 units have changed hands in Savoy Park. Eight of those units had one bedroom and one bath with an average sales price of $196,863. They sat on the market for 85 days on average, and included no short sales or foreclosures.

Five of the units that sold in Savoy Park over the past year were two-bed, one-bath units. They sat on the market for an average of 77 days and sold for an average of $250,460 . One of those units was a short sale, and none were a foreclosure.

The remaining four units that sold had two bedrooms and two bathrooms. They sat on the market for 57 days on average and had an average sales price of $304,500. None of the two-bed, two-bath units were a short sale or foreclosure.

If you’d like more information, please contact us. And if you’re thinking of selling your home (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value.

Source: MRIS as of 2/6/2012. Information deemed reliable but not guaranteed.

 

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