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.

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:) ].
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.

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.

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.

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
Real 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.
Beautiful....
GREAT NEW PRICE!! DON'T MISS THE CHANCE TO OWN THIS GORGEOUS RETREAT ON 2.61 ACRES OF... NEW ENGLAND COLONIAL HORSE FARM - close to the center of town! 5 acres. Pastures, riding ring... Beautifully designed & updated home with swimming pool on serene acre lot backing to trees,... Just reduced $100K! Spacious home with contemporary flair!Privacy abounds-gorgeous 1.7 acre... PRICED TO SELL! VERY PRIVATE CAPE COD set on 2.89 wooded acres. Walk to the Potomac River.... GREAT BUY IN GREAT FALLS!! All Brick Colonial, Elegant Rotunda Circular Staircase. Oversized... Wonderful Great Falls hideaway home is beautifully sited on 2+ acres with pool, sportcourt... Spacious brick home on meticulously landscaped property. Fully fenced 1.7 private wooded acres... *GORGEOUS 5 ACRE LOT IN GREAT FALLS* POTENTIAL TO SUBDIVIDE INTO TWO LOTS* BARN WITH 4 FENCED... Georgian brick colonial w/ 2 story marble foyer, formal LR & DR, herringbone wood floors,... Beautiful brick colonial nestled on a wooded lot with all the enjoyment of neighborhood living-yet... Gracious Williamsburg colonial sited on a spacious corner lot on a quiet cul-de-sac. Light... Priced $200K BELOW ASSESSMENT! 9.57 Acres gives this all brick home a quiet, serene setting... Charming Cape Cod style custom home TO BE BUILT on this beautiful, heavily treed, private lot,... FANTASTIC REDUCTION FOR THIS Beautiful center hall colonial on 2.26 wooded acres. Backs to... Georgian Colonial on FIVE PRIVATE ACRES in a SECLUDED CUL-DE-SAC!!! Mature trees, circular... Charming custom home TO BE BUILT on this beautiful, heavily treed, private lot, w/ room for... Classic Homes will build a beautiful home on this spectacular lot w.stream views. Their Hampton... Gracious home, beautifully appointed. Intimate feel, yet generous rm sizes.4/5 bedrm, 4 firepl,... On the market for the first time, 5.8 gorgeous acres available to build the home of your dreams!... Builders investors or savvy home owners, great opportunity to restore estate home in sought... Magnificint Center Hall Colonial ! This house has it all! Media/Theater room in basement.... Gorgeous Gulick home in prestigious Great Falls neighborhood. One of the larger models in... THE MOST BEAUTIFUL HOME EVER OFFERED FOR SALE IN GREAT FALLS! BUILT IN 1986 BUT EXUDES ALL... New Price!! Truly, a nature lover's paradise. This gorgeous home, located in one of... LIKE A RESORT! GRACIOUS HOME SURROUNDED BY LUSH LANDSCAPING, STONE WALKWAYS, HEATED POOL,... "Spectacular" is the only way to describe this gorgeous Georgian Colonial. Beautifully... High-end detailing & value in this home w/main lvl library, blt in cabinetry, LR w/gas... COMMANDING PRESENCE! this elegant 6 bedroom all brick estates offers the best of today's... Exquisite Georgian Colonial on 1.75 park like acres with footbridge over meandering creek... STUNNING GEORGIAN RESIDENCE - Idyllic location with trails to the Potomac River. 2-story foyer,... BENTLEY ON PREMIUM 2 ACRE LOT IN RIVER WALK AT JEFFERY RD - ELEGANCE TO NEW LVL OF SOPHISTICATION... Elegantly simple, tastefully dramatic - this all brick home seamlessly combines the best of... Relax on the charming front porch of this beautiful colonial sited on a peaceful 2 acre lot... New Price! Rarely does an opportunity become available to own a home in one of Great Fall's... Stunning Brick and Stone Home sits perfectly at the end of a quiet cul de sac on a beautifully... Stunning Custom Home*Fantastic location*Beautiful circular entrance driveway*4 car garage*Soaring... AMAZING HOME ON A WOODED 1.5 ACRE CUL-DE-SAC LOT BACKING TO TREES WITH ROOM FOR A POOL. THE... All brick custom home built in 2008. 5 bedrooms, 4 fireplaces, elevator ready, 5.79 acres of... Unprecedented incentive-$150,000 towards options for a limited time-Signature Series homes... Spacious rooms, soaring ceiling heights, large entry foyer, formal Living Room and Dining Room,... Stunning Gulick home in prestigious Riverbend, an enclave of 10 estate properties.Formal LR... Another elegant brick & stone estate TO BE BUILT by Dean Design on this private 5 acre... ****** open 12/18/2011 1-4PM*****$251,590.00 PRICE REDUCTION.** ESTATE HOME,THE CONSUMMATE... TO BE BUILT. New English country manor home built with today s conveniences & Old World... PRICE IMPROVED $100,000....Gulick built community,7,500 fin sf,2 acres ,4BRs,4BAs,3 fin lvls,... Award winning custom home from the Building Group. No expense was spared w/magnificent cabinetry,... Gorgeous custom home w/7200+ fin sqft & beautifully appointed lot w/pool & tennis.... To be built, 4 level home displays a fabulous collection of fine features, extraordinary craftsmanship... Grand home on 2+ acre wooded lot on River Bend Golf Club in Great Falls. Close to Reagan and...
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4 Responses to "The 2010 Bump for Great Falls Virginia Real Estate"
[...]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.
[...]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.
[...]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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[...]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.