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The 2010 Bump for Great Falls Virginia Real Estate

Posted by Jay Seville on Friday, July 2nd, 2010 at 8:12am.

Great Falls Virginia Real Estate Bumps Up in 2010

Great Falls Virginia homes for sale are the most expensive in Northern Virginia.  There are some amazing estates there.  But it is interesting that just around corner can be a old dilapidated house as well.  But for the most part homes are big and come with lots of a half acre and greater.

mansion_1609

The big question is whether all these gains were astroturf--manipulated by the tax credit and very temporary--or real and indicative of a true market shift.  As a broker who mostly works with buyers negotiating prices down I'm a cynic and skeptical.  Each purchase and assessment on homes my clients are interested in is case by case though.  With so many homes under contract I'm not the typical desperate agent, but can assess homes and advise you as a consultant what the most aggressive offer we can get away with and still get a counter offer from the seller with [sorry about ending sentence with preposition:) ].

great_falls_virginia_home_pool_400 Now that's my kind of backyard assuming there is a charcoal grill built in somewhere with cabs and a refrigerator :)

Median 2010 Sold Price for Great Falls VA Real estate

As is the case for all of Northern Virginia there were a lot of positive trends for Great Falls real estate.  One of those is home values.  I took a 3 month block of sales from 2010 and compared it to the same 3 months in 2009 to try to avoid monthly ups and downs.  The YTD (year to date) was not available.

sold_price_2010_great_falls_1050.

 

Numbers of Great Falls Homes Sold Increases 30-40%

The number of homes sold in 2010 has gone up 30-40%.  However much of this large increase may be diminished when the year end numbers are compared--perhaps even all of it  Both buyers and sellers moved their transactions up in the calendar year to get in on the tax credit. 

great_falls_virginia_real_estate_sales_411

Days on the Market to Sell a Home Declines Sharply

This is also in line with the rest of Northern Virginia real estate sales such as Fairfax County.

days_on_market_great_falls_2010_415

The days on market to sell a Great Falls VA homes for sale decreased 20% in 2010 versus 2009.  This is about half the decrease experienced in the of Northern Virginia which is to be expected as high dollar Virginia real estate moves slower than typical middle class homes.

Sale Price as a Percent of List Price

sale_as_percent_of_list_price_great_falls_407Real estate has been selling 5% higher as a percentage of list price; this means buyers and sellers are agreeing on the market values significantly more than a year ago. 

great_falls_home_400  Beautiful....

 

 

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GREAT NEW PRICE!! DON'T MISS THE CHANCE TO OWN THIS GORGEOUS RETREAT ON 2.61 ACRES OF...

Price: $989,000
City: GREAT FALLS
Bedrooms: 3
Bathrooms: 2
Property Type: Residential
MLS ID: FX7727358
Original Price: $1,049,000
Office: Weichert, REALTORS

NEW ENGLAND COLONIAL HORSE FARM - close to the center of town! 5 acres. Pastures, riding ring...

Price: $999,000
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 4
Property Type: Residential
MLS ID: FX7579033
Original Price: $1,050,000
Office: Long & Foster Real Estate, Inc.

Beautifully designed & updated home with swimming pool on serene acre lot backing to trees,...

Price: $999,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 2
Property Type: Residential
MLS ID: FX7761609
Original Price: $999,000
Office: Long & Foster Real Estate, Inc.

Just reduced $100K! Spacious home with contemporary flair!Privacy abounds-gorgeous 1.7 acre...

Price: $1,049,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 3
Property Type: Residential
MLS ID: FX7641280
Original Price: $1,150,000
Office: TTR Sotheby's International Realty

PRICED TO SELL! VERY PRIVATE CAPE COD set on 2.89 wooded acres. Walk to the Potomac River....

Price: $1,050,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7586804
Original Price: $1,125,000
Office: Long & Foster Real Estate, Inc.

GREAT BUY IN GREAT FALLS!! All Brick Colonial, Elegant Rotunda Circular Staircase. Oversized...

Price: $1,050,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7746430
Original Price: $1,050,000
Office: Coldwell Banker Residential Brokerage

Wonderful Great Falls hideaway home is beautifully sited on 2+ acres with pool, sportcourt...

Price: $1,075,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 3
Property Type: Residential
MLS ID: FX7602459
Original Price: $1,250,000
Office: Keller Williams Realty

Spacious brick home on meticulously landscaped property. Fully fenced 1.7 private wooded acres...

Price: $1,095,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7593145
Original Price: $1,195,000
Office: RE/MAX Distinctive Real Estate, Inc.

*GORGEOUS 5 ACRE LOT IN GREAT FALLS* POTENTIAL TO SUBDIVIDE INTO TWO LOTS* BARN WITH 4 FENCED...

Price: $1,100,000
City: GREAT FALLS
Bedrooms: 3
Bathrooms: 1
Property Type: Residential
MLS ID: FX7754373
Original Price: $1,100,000
Office: Keller Williams Realty

Georgian brick colonial w/ 2 story marble foyer, formal LR & DR, herringbone wood floors,...

Price: $1,125,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7638853
Original Price: $1,239,000
Office: Long & Foster Real Estate, Inc.

Beautiful brick colonial nestled on a wooded lot with all the enjoyment of neighborhood living-yet...

Price: $1,149,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 3
Property Type: Residential
MLS ID: FX7759782
Original Price: $1,149,000
Office: Keller Williams Realty

Gracious Williamsburg colonial sited on a spacious corner lot on a quiet cul-de-sac. Light...

Price: $1,225,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 2
Property Type: Residential
MLS ID: FX7724301
Original Price: $1,225,000
Office: TTR Sothebys International Realty

Priced $200K BELOW ASSESSMENT! 9.57 Acres gives this all brick home a quiet, serene setting...

Price: $1,250,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 3
Property Type: Residential
MLS ID: FX7738625
Original Price: $1,295,000
Office: Keller Williams Realty

Charming Cape Cod style custom home TO BE BUILT on this beautiful, heavily treed, private lot,...

Price: $1,295,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX6568830
Original Price: $1,795,000
Office: RCV Real Estate, LC

FANTASTIC REDUCTION FOR THIS Beautiful center hall colonial on 2.26 wooded acres. Backs to...

Price: $1,299,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7721492
Original Price: $1,399,000
Office: TTR Sothebys International Realty

Georgian Colonial on FIVE PRIVATE ACRES in a SECLUDED CUL-DE-SAC!!! Mature trees, circular...

Price: $1,299,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7758511
Original Price: $1,299,000
Office: RE/MAX Presidential

Charming custom home TO BE BUILT on this beautiful, heavily treed, private lot, w/ room for...

Price: $1,299,900
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX6918391
Original Price: $1,799,999
Office: RCV Real Estate, LC

Classic Homes will build a beautiful home on this spectacular lot w.stream views. Their Hampton...

Price: $1,299,900
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7515517
Original Price: $1,349,900
Office: Weichert, REALTORS

Gracious home, beautifully appointed. Intimate feel, yet generous rm sizes.4/5 bedrm, 4 firepl,...

Price: $1,299,999
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7626182
Original Price: $1,550,000
Office: Long & Foster Real Estate, Inc.

On the market for the first time, 5.8 gorgeous acres available to build the home of your dreams!...

Price: $1,300,000
City: GREAT FALLS
Bedrooms: 3
Bathrooms: 3
Property Type: Residential
MLS ID: FX7741556
Original Price: $1,300,000
Office: Keller Williams Realty

Builders investors or savvy home owners, great opportunity to restore estate home in sought...

Price: $1,300,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 6
Property Type: Residential
MLS ID: FX7705078
Original Price: $1,750,000
Office: RE/MAX Allegiance

Magnificint Center Hall Colonial ! This house has it all! Media/Theater room in basement....

Price: $1,319,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7691541
Original Price: $1,400,000
Office: Coldwell Banker Residential Brokerage

Gorgeous Gulick home in prestigious Great Falls neighborhood. One of the larger models in...

Price: $1,350,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7567498
Original Price: $1,300,000
Office: Re/Max Choice

THE MOST BEAUTIFUL HOME EVER OFFERED FOR SALE IN GREAT FALLS! BUILT IN 1986 BUT EXUDES ALL...

Price: $1,375,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7690290
Original Price: $1,375,000
Office: 'Weichert, REALTORS

New Price!! Truly, a nature lover's paradise. This gorgeous home, located in one of...

Price: $1,395,000
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 4
Property Type: Residential
MLS ID: FX7721938
Original Price: $1,475,000
Office: Keller Williams Realty

LIKE A RESORT! GRACIOUS HOME SURROUNDED BY LUSH LANDSCAPING, STONE WALKWAYS, HEATED POOL,...

Price: $1,395,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7764849
Original Price: $1,395,000
Office: Long & Foster Real Estate, Inc.

"Spectacular" is the only way to describe this gorgeous Georgian Colonial. Beautifully...

Price: $1,399,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 3
Property Type: Residential
MLS ID: FX7757766
Original Price: $1,399,000
Office: Keller Williams Realty

High-end detailing & value in this home w/main lvl library, blt in cabinetry, LR w/gas...

Price: $1,400,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7548096
Original Price: $1,450,000
Office: RE/MAX Distinctive Real Estate, Inc.

COMMANDING PRESENCE! this elegant 6 bedroom all brick estates offers the best of today's...

Price: $1,425,000
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 5
Property Type: Residential
MLS ID: FX7744391
Original Price: $1,425,000
Office: Long & Foster Real Estate, Inc.

Exquisite Georgian Colonial on 1.75 park like acres with footbridge over meandering creek...

Price: $1,475,000
City: GREAT FALLS
Bedrooms: 7
Bathrooms: 4
Property Type: Residential
MLS ID: FX7543234
Original Price: $1,765,000
Office: Buckley Properties, Inc.

STUNNING GEORGIAN RESIDENCE - Idyllic location with trails to the Potomac River. 2-story foyer,...

Price: $1,475,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7720942
Original Price: $1,540,000
Office: Long & Foster Real Estate, Inc.

BENTLEY ON PREMIUM 2 ACRE LOT IN RIVER WALK AT JEFFERY RD - ELEGANCE TO NEW LVL OF SOPHISTICATION...

Price: $1,487,390
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 3
Property Type: Residential
MLS ID: FX7753853
Original Price: $1,487,390
Office: Brookfield Management Washington LLC

Elegantly simple, tastefully dramatic - this all brick home seamlessly combines the best of...

Price: $1,500,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7762087
Original Price: $1,500,000
Office: Keller Williams Realty

Relax on the charming front porch of this beautiful colonial sited on a peaceful 2 acre lot...

Price: $1,595,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7741510
Original Price: $1,595,000
Office: TTR Sothebys International Realty

New Price! Rarely does an opportunity become available to own a home in one of Great Fall's...

Price: $1,599,900
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7714351
Original Price: $1,675,000
Office: Keller Williams Realty

Stunning Brick and Stone Home sits perfectly at the end of a quiet cul de sac on a beautifully...

Price: $1,649,900
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7663137
Original Price: $1,649,900
Office: McEnearney Associates, Inc.

Stunning Custom Home*Fantastic location*Beautiful circular entrance driveway*4 car garage*Soaring...

Price: $1,649,900
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 6
Property Type: Residential
MLS ID: FX7732310
Original Price: $1,649,900
Office: Weichert, REALTORS

AMAZING HOME ON A WOODED 1.5 ACRE CUL-DE-SAC LOT BACKING TO TREES WITH ROOM FOR A POOL. THE...

Price: $1,699,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7571619
Original Price: $1,699,000
Office: Long & Foster Real Estate, Inc.

All brick custom home built in 2008. 5 bedrooms, 4 fireplaces, elevator ready, 5.79 acres of...

Price: $1,725,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7570076
Original Price: $2,250,000
Office: Weichert, REALTORS

Unprecedented incentive-$150,000 towards options for a limited time-Signature Series homes...

Price: $1,775,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7659207
Original Price: $1,775,000
Office: Keller Williams Realty

Spacious rooms, soaring ceiling heights, large entry foyer, formal Living Room and Dining Room,...

Price: $1,799,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7577991
Original Price: $1,825,000
Office: Washington Fine Properties LLC

Stunning Gulick home in prestigious Riverbend, an enclave of 10 estate properties.Formal LR...

Price: $1,825,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7624152
Original Price: $1,925,000
Office: Long & Foster Real Estate, Inc.

Another elegant brick & stone estate TO BE BUILT by Dean Design on this private 5 acre...

Price: $1,829,900
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 5
Property Type: Residential
MLS ID: FX7595712
Original Price: $1,999,900
Office: RE/MAX Distinctive Real Estate, Inc.

****** open 12/18/2011 1-4PM*****$251,590.00 PRICE REDUCTION.** ESTATE HOME,THE CONSUMMATE...

Price: $1,843,410
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 6
Property Type: Residential
MLS ID: FX7400701
Original Price: $2,495,000
Office: Weichert, REALTORS

TO BE BUILT. New English country manor home built with today s conveniences & Old World...

Price: $1,875,000
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 5
Property Type: Residential
MLS ID: FX7548140
Original Price: $1,875,000
Office: RE/MAX Distinctive Real Estate, Inc.

PRICE IMPROVED $100,000....Gulick built community,7,500 fin sf,2 acres ,4BRs,4BAs,3 fin lvls,...

Price: $1,895,000
City: GREAT FALLS
Bedrooms: 4
Bathrooms: 4
Property Type: Residential
MLS ID: FX7682761
Original Price: $1,995,000
Office: Weichert, REALTORS

Award winning custom home from the Building Group. No expense was spared w/magnificent cabinetry,...

Price: $1,950,000
City: GREAT FALLS
Bedrooms: 5
Bathrooms: 4
Property Type: Residential
MLS ID: FX7745959
Original Price: $1,950,000
Office: Long & Foster Real Estate, Inc.

Gorgeous custom home w/7200+ fin sqft & beautifully appointed lot w/pool & tennis....

Price: $1,990,000
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 7
Property Type: Residential
MLS ID: FX7753456
Original Price: $1,990,000
Office: Long & Foster Real Estate, Inc.

To be built, 4 level home displays a fabulous collection of fine features, extraordinary craftsmanship...

Price: $1,999,999
City: GREAT FALLS
Bedrooms: 6
Bathrooms: 5
Property Type: Residential
MLS ID: FX7671886
Original Price: $1,999,999
Office: Long & Foster Real Estate, Inc.

Grand home on 2+ acre wooded lot on River Bend Golf Club in Great Falls. Close to Reagan and...

Price: $2,000,000
City: GREAT FALLS
Bedrooms: 7
Bathrooms: 7
Property Type: Residential
MLS ID: FX7757982
Original Price: $2,000,000
Office: Keller Williams Capital Prop.
 

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4 Responses to "The 2010 Bump for Great Falls Virginia Real Estate"

The Slowest Real Estate Sales of All? Great Falls Virginia. wrote:
[...]versus the rest of Northern Virginia.  Is this alarming and saying something negative aobut Great Falls real estate?No.The big $$$ homes take longer to sell as a general rule.  The pool of buyers is smaller and[...]

Posted on Thursday, August 26th, 2010 at 12:53 PM.


Latest Great Falls Virginia Homes for Sale End of August wrote:
[...]Falls Virginia Real Estate Listings--Observations Every other week or so I like to introduce new real estate listings in Great Falls Virginia.  So here you go. Transcription of 8-25-2010 Great Falls Listings New Great Falls[...]

Posted on Wednesday, September 8th, 2010 at 2:53 PM.


Latest Great Falls Virginia Homes for Sale End of August wrote:
[...]Falls Virginia Real Estate Listings--Observations Every other week or so I like to introduce new real estate listings in Great Falls Virginia.  So here you go. If video is not displaying you can click here to find it on YouTube -- [...]

Posted on Wednesday, September 8th, 2010 at 4:48 PM.


How to Run the Numbers and Decide on an Offer Price for Your Contract | Miami Condo Shop wrote:
[...]the address. I’m going to go into a general search. Going to go to my map and put it in, put in Great Falls Virginia real estate. Then find out where we are on the map, okay? Then I’m going to extend it out, okay it again. [...]

Posted on Tuesday, September 21st, 2010 at 10:07 AM.




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