The real estate market in Great Falls, Virginia has seen a strong upsurge in sales during the second third of 2010. During the first four months of 2010, 42 homes sold with a price range of $525,000 – $2.805 million. Of these, 17 were priced under $1 million, 9 priced between $1.0 – 1.25 million, 13 between $1.25 – $2.0 m and three over $2 million.
During the second four months, a total of 101 homes an increase of almost 2.5 times the first four month. These had a price range of between $594,900 – $6.5 million. Of these, 43 were priced under $1 million, 18 $1.0 – $1.25 million, 34 between $1.25 – $2.0 million and six over $2 million. In addition, another 48 homes are currently under contract. Of these second four month sales, I have had a total of $5.3 million either sold or under contract at this writing.
