Falls Church is an area that comprises about 5 different zip codes as well as an the incorporated city of Falls Church. For this market update, we will be focusing on the 22043 zip code. The zip code emcompasses homes in a large price range. You can get a one bedroom condo starting around $200,000, and the range goes as high as a single family, 6,000 square foot home for $2 million. You are close to the major commuter routes of I-66, Rt. 50, and I-495, as well as 3 metro stations. 22043 covers the two well known high schools of Marshall and Mclean.
It’s no wonder days on market for a home in Falls Church has decreased by 14.81%. The average sales price for a detached home in April was
All numbers for Falls Church continue to show a healthy market. Prices are steadily climbing and sellers are capturing their asking price 99.25% of the time, and they do not have to market the homes very long.
This puts some pressure on the buyers to be on top of their game so they get a chance to put a bid on these hot properties.
Total Sold Dollar Volume
Median Sold Price
Avg Sold Price
Avg Days on Market
Avg Sold to Orig List Ratio
To find out what you need to
April 26, 2011 will mark my official one -year anniversary of living in Metro DC. And after one year, it is once again time for me to sign a lease or look for a place to buy.
While both my roommate and I absolutely love our condo, David has started to consider the idea of purchasing his first home and I’ve realized that if I want to start saving for my first home, I needed to find a place closer to my realistic “housing budget.”
And so the search began…again.
A movement is afoot at local bars, and many establishments are moving their draft beer selections past the typical cheap triumvirate of Coors, Miller and Budweiser. Nowadays, restaurants stock their bars with kegs of craft brews coming from California to Colorado. But what if you want something with a decidedly local twist, something that’s brewed right here in the D.C. Metropolitan area? Well then, you are in luck, because a place like that just opened up this past summer in Falls Church.
At Avery-Hess, our people are our most important asset. Learn more about two of our best, Albert Crider and Judy Radvanyi, also known as The Match Masters, from our Tysons Corner, Virginia Regional Office.
The market in the City of Falls Church continues to show great signs of improvement. With active listings down over 22%, homes sold up almost 89%, and days on market (DOM) down 15%, all indications are that the market is stabilizing. The average sales price is down 20% over the same time period as last year, but this reduced price has obviously sparked buyers to get out and buy the inventory on the market.
The market in the City of Falls Church is hot! Compared to the same time last year, there is one-third less inventory. In addition, sales are almost double what they were last year. However, we do see that average sales price is lower by almost 8%, but this is a far cry from what we have seen over the last couple of years. It is my opinion that our current market is the bottom of the market--or just off the bottom--at this time.
The City of Falls Church housing market is alive and well! We are seeing increases in both the number of homes sold and average sales price over the same period of last year. In fact, average sales price have increased almost 7%! Plus, there is also a decrease in the average time on the market as well as active inventory. This is a prime example of a performing market inside the Capital Beltway.