Great Falls Virginia Real Estate Market Snapshot - June 2010

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.  Great Falls Park is a great place to go for a picnic and view the wonderful scenery.

This is a community with large lots and large homes.  That's what you'll find in Great Falls (zip code 22066)!

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

GREAT FALLS, VIRGINIA HOME SALES:

  • Active homes for sale:  185 (including 35 new listings in the last 30 days).  There's another 54 Great Falls homes currently under contract and pending sale.

  • Average current listing price: $1,801,198

  • Homes sold in the last 30 days:  29 

  • Average Sales Price:   $1,092,602 (The range of sales prices was between $599,000 and $2,412,300)

  • Median Sales Price:     $899,000

  • Average Days on Market:    83

  • Average Sales Price/Original Listing Price:  92.64%.  There's a bit of negotiating room in this upper end of pricing.

Interesting Notes: 

These Great Falls 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.  85 of the homes sit on 2 acres or more of land and of those 27 of the Great Falls homes in the current inventory are on 5 acres or more. 

If you want a home with acreage and privacy, think about Great Falls, Virginia.  And you may want to bring your horses!


** Search all homes in Great Falls, VA **

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Topic:
Real Estate Market Trends
Location:
Virginia Fairfax County Great Falls
Groups:
Northern Virginia Real Estate
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Rainmaker
1,216,347
Jay Markanich
Home Inspector - servicing all Northern Virginia
Jay Markanich Real Estate Inspections, LLC

If I had a dollar for every time I crawled around on those rocks as a Boy Scout (both sides of the river) we could go out for a nice lunch!

July 01, 2010 07:17 AM
Ambassador
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Palm Harbor & Dunedin FL Residential Real Estate
Charles Rutenberg Realty

It certainly sounds like a busy market up there, which is wonderful for you!!!

July 02, 2010 08:51 AM
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Rainmaker
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Brian Block

Northern Virginia & D.C. Real Estate
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