Phone: 100 - 222 3455
Location
Year built
Garages size
Land sizes
Price

Great Falls, Virginia Real Estate Market Analysis for November 2018

The average sold price for Great Falls homes in November 2018 continued to increase by 5.6% compared to October 2018. This price increase to $1.2 mil makes now a good time for older homeowners to sell and downsize to a smaller house.

A 5 to 7 month housing supply is considered a normal market. A housing supply under 5 months is considered a seller’s market. A housing supply over 7 months is considered a buyer’s market. The 6.4 month housing supply in November which decreased .5% since October means the market is still in the normal range.

The Federal Reserve did not raise interest rates in November. It is anticipated that they will raise rates in the future. Now is the time to buy before interest rates and monthly mortgage payments increase.

Quick Stats for 22066

127
Homes For Sale
14
Homes Sold / Settled
$1,225,885
Avg. Sold Price
110
Avg. Days on Market
6.4
Months Supply
17
Pending Contracts

November 2018 Properties Sold in Great Falls, Virginia

$1,100,000 1106  Dapple Grey Court 6 5 / 1
$1,120,000 9509  Brian Jac Lane 6 4 / 1
$1,150,000 12031  Thomas Avenue 4 4 / 1
$1,200,000 9602  Tackroom Lane 5 4 / 2
$1,367,500 811  Gouldman Lane 6 5 / 1
$1,550,000 10859  Patowmack Drive 5 4 / 2
$1,700,000 148  River Park Lane 5 6 / 1
$1,850,000 55  Warwick Stone Way 5 7 / 2
$1,980,000 614  Kentland Drive 5 6 / 2
$674,900 1009  Cup Leaf Holly Court 5 3 / 1
$810,000 10626  Beach Mill Road 5 4 / 0
$825,000 11697  Hollyview Drive 4 3 / 1
$885,000 10807  Piney Pond Drive 3 4 / 1
$950,000 511  Utterback Store Road 4 1 / 1