Great Falls Virginia Real Estate Market Snapshot for August 2010
August 31, 2010
Homes for Sale and Market Statistics for Great Falls, VA
(Great Falls Virginia kayaking photo courtesy of Rob Shenk)
You may not be ready to grab your kayak and brave these rapids on the Potomac River in Great Falls, Virginia. However, perhaps you're ready to brave the Great Falls Virginia real estate market.
Here's a snapshot of Great Falls Virginia home sales in the last 30 days:
GREAT FALLS, VIRGINIA HOME SALES:
- Active homes for sale: 152 (including 17 new listings in the last 30 days). There's another 45 Great Falls homes currently under contract and pending sale.
- Average current listing price: $1,789,422
- Homes sold in the last 30 days: 29
- Average Sales Price: $1,290,721
- Median Sales Price: $1,200,000
- Average Days on Market: 95
- Average Sales Price/Original Listing Price: 91.10%. This means that the average negotiated discount on a Great Falls Home from the original listing price is approximately $126,000! That's a nice chunk of change if you work with the right Great Falls buyer's agent!
Interesting Notes:
Homes currently for sale in Great Falls, Virginia range in price from $575,000 to $7,650,000. There's not much at all in the way of townhouses or condominiums in Great Falls, so if you've got the cash to spend and want to be nearby, you might consider searching for a home in McLean.
About 76% of the homes listed for sale in Great Falls are priced over $1 million. That's 115 of the 152 currently listed Great Falls properties.
