Buy Alexandria Real Estate: Great Falls Virginia Real Estate Market Snapshot: January 2011

Alexandria Virginia Real Estate Blog

Great Falls Virginia Real Estate Market Snapshot: January 2011

Kayaking at Great Falls

I don't know about you, but I never get tired of the beauty of the whitewater and the Potomac River at Great Falls.  However, while I've gone whitewater rafting before on Class 5 rapids, you're not going to find me braving these falls anytime soon like the kayaker above.  (photo credit: stevehdc)

What's Happening today in the Great Falls, Virginia Real Estate Market?

Here's a snapshot of Great Falls Virginia home sales in the last 30 days from the end of December 2010 through now:

GREAT FALLS VIRGINIA HOME SALES:

  • Active homes for sale:  114 -- just 12 of those have come on the market within the last 30 days! 

  • Average listing price: $1,821,845 -- these prices are not for the typical first time homebuyer!

  • Great Falls Homes sold in the last 30 days:  11; at that rate, there's about 10 month's worth of current inventory in Great Falls. 


  • Average Sales Price:  $1,318,519

  • Median Sales Price:     $1,080,000

  • Average Days on Market:  97

  • Average Sales Price/Original Listing Price:  92.04%

Interesting Notes & Analysis: 

The lowest priced home on the market in Great Falls is listed for sale at $495,000.  The highest priced one is $7.65 million.  If you're looking for a home for under $500K, then Great Falls may not be the right place for you to look.

Everyone else, click below:

* Find a Home in Great Falls**

 

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Comment balloon 2 commentsBrian Block • January 26 2011 02:54PM

Comments

It will take me at least 5 homes to sell one of yours at my market prices.......I bet it's a beautiful place to live.  Wonderful photo.

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) almost 7 years ago

Our Scout troop always does its kayaking just a bit up from there!

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) almost 7 years ago

Participate