Market Conditions for Falls Church, Virginia Reported by Barb Northam, Associate Broker, REALTORŪ, CRS, GRI, e-PRO Updated October 26, 2009.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

There are so few properties on the market at any one time (currently 47), and the average Sold Price is $615K, down 8% over last year!(but up over last month) YIKES! WARNING---These stats are fairly irrelevant as there are SO FEW properties on the market at any one time. WOW! Sellers receive 96% of asking price, and homes are on the market an average of 92 days . Here's the REALITY CHECK: There are only a total of 20 properties that sold for this report!!. Currently there is a 3 month supply of properties. Sellers are ALMOST getting it right on pricing; Buyers---this is still not 'buy an investment' territory given that he majority of properties are listed at or over $500K.

ZIP Code: 22046

Approximate Location Boundaries: Nestled against Arlington, bounded by Lee,Washington,Haycock, Hillwood ....

Location Characteristics: The continuing story of a once-red-hot market (and possibly the tiniest market) . *Featuring 2 Metro Stations, Broad St., up-scale condos, historic homes, more modest 'Old Virginia' communities of detached homes, and townhome communities. There are very few properties on the market at any one time. Lovely area.

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