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Great Falls Virginia Real Estate Market Snapshot -- July 2009

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

Great Falls Virginia

Great Falls, Virginia is named for the spectacular falls and rapids on the Potomac River.  This is a community with large lots and large homes.

Here's a snapshot of Great Falls Virginia home sales in the last 30 days:

GREAT FALLS, VIRGINIA HOME SALES:

  • Active homes for sale:  189 (including 19 new listings in the last 30 days).  There's another 46 Great Falls homes currently under contract and pending sale.
  • Average current listing price: $1,887,562

  • Homes sold in the last 30 days:  28 

  • Average Sales Price:   $1,078,584

  • Median Sales Price:     $914,500

  • Average Days on Market:    80

  • Average Sales Price/Original Listing Price:  90.77%.  There's a bit of negotiating room in this upper end of pricing.

Interesting Notes: 

Great Falls, Virginia comprises the 22066 area code.

These homes come with land.  The smallest size lot for homes currently on the market in Great Falls is just slightly under 1/2 an acre.  A full 2/3 of the homes on the market are on 1.5 or more acres of land.  15% of Great Falls home in the current inventory sit on 5 acres or more.

If you want a home with acreage and privacy, think about Great Falls, Virginia.


** Find a Home in Great Falls **

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Contact Brian Block, Managing Broker, RE/MAX Allegiance, McLean:
Licensed in Virginia &
Washington D.C.  703-626-0715.
If you are interested in purchasing or selling a property in Great Falls or elsewhere in Northern Virginia or Washington D.C., contact Brian today.

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Brian thanks for the Great Falls Update!  That is still a lot of sales for that price range.

Jul 15, 2009 12:09 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

I haven't read this post yet, but I had to comment on your photo.  Beautiful!

Jul 17, 2009 11:38 PM