Falls Church Market Update: November 30, 2012

November 30, 2012 by · Leave a Comment 

Welcome to the latest installment of the Falls Church Real Estate Update. We hope you all had a wonderful Thanksgiving and got to spend time with loved ones! For now, it’s back to business as usual. 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.
  • 73% of those homes were listed for less than $500,000.
  • Three 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: 117
  • Active townhouse listings: 12
  • Active condo listings: 24

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. One was in Falls Church City, while the remaining 18 were outside of the city limits. The average sales price for all of the homes sold this week is $462,956.

The home in Falls Church City sat on the market for 114 days, while homes outside the city limits sat on the market for 32 days on average.

If you’d like more information or if you have any questions, please contact the Wethman Group. And if you’re thinking of selling (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 11/30/2012.  All information deemed reliable but not guaranteed.

 

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