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September 5, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Falls Church, Virginia

Reported by Katie Loughney, REALTOR

Updated July 1, 2008.

Current Market Rating: 3




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

Within the last month Falls Church has seen 45 single family homes, 9 townhomes, and 20 condos change hands. Closing prices for single family homes ranged from $323,000 for a 3 bedroom, 2 bath Rambler to $1.145 million for a 5 bedroom, 5.5 bath, 6,000 square foot Craftsman home. Closing prices for townhomes ranged from $390,000 for a 2 bedroom, 2 full bath, 2 half bath to $990,000 for a 3 bedroom 3.5 bath, 3 level luxury townhome. Closing prices for condos ranged from $175,000 for a 785 square-foot 1 bedroom, 1 bathroom to $440,000 for a 1,806 square-foot 3 bedroom, 3 bath, 3 level condo. The median number of days these properties remained on the market was 70 days.

ZIP Codes: 22041, 22042, 22043, 22044, 22046

Location Characteristics: There are two parts to Falls Church: the independent city and the larger area within Fairfax county. It is conveniently located within the beltway with easy access to I-495, 66, and 50. Historic Falls Church is located just miles from Washington DC. It is comprised of unique neighborhoods with a strong sense of community. Falls Church has a variety of shops and restaurants that embrace its wonderful culture.

For More Information:

View Market Conditions of other areas served by Katie Loughney

Navigate: Top > Virginia > Falls Church

About Katie Loughney:
I am a highly motivated and very reliable Realtor who works with honesty and integrity. Having lived in the Washington DC metro area for 15 years, I have gained a strong knowledge of the neighborhoods and community. For sellers, I will conduct a comprehensive market analysis to determine just the right list price and will execute a proven market strategy to sell your home. For buyers, I will listen to your needs and will diligently search and work with you until we find the right home.

Education and Licenses:
- Licensed in Virginia and Washington DC
- BA from Georgetown University
- MBA in Management and Finance from The Kellogg School



These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 6.40%
15 Year Fixed: 5.93%
1 Year Adj: 5.33%
(U.S. Weekly Averages)

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