Great Falls, Virginia Real Estate Market Analysis for September 2018
Good news for Great Falls home buyers! The September 2018 average sold price was 3.7% lower than the previous month and the average sales price was under $1 million.
This price decrease can make living in Great Falls, VA more affordable than ever for buyers who want upscale neighborhoods with highly rated schools.
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. Great Falls’ 7.4 month housing supply in September, which increased since August, makes the market better for buyers to negotiate better terms and purchase prices.
The Federal Reserve also increased rates three times this year… and it is anticipated that they will continue to increase rates. So, now is the time to buy before interest rates and monthly mortgage payments go up again.
Quick Stats for 22066
September 2018 Properties Sold in Great Falls, Virginia
|Price||Address||Bedrooms||Full Baths||Half Baths|
|$1,995,000||633 Utterback Store Rd||5||4||3|
|$1,499,000||10970 Woodland Falls Dr||5||4||3|
|$1,395,000||10924 Shallow Creek Dr||4||4||3|
|$1,250,000||1104 Hobnail Ct||7||5||3|
|$1,075,000||9299 Ivy Tree Ln||3||3||3|
|$949,999||10304 Shesue St||4||3||3|
|$899,999||414 Ole Dirt Rd||4||4||3|
|$719,917||12127 Holly Knoll Cir||4||3||3|
|$689,000||11921 Fallen Holly Ct||4||2||3|
|$665,000||9508 Watts Rd||4||2||2|
|$589,900||20053 Great Falls Forest Dr||4||2||3|
|$519,900||10157 Yorktown Way||4||3||3|
Source: MRIS Listings