Real Estate
[Cash Buyers] Top 10 Neighborhoods in Falls Church
See the latest rankings of the Falls Church neighborhoods with the most cash buyers in the past year. Is your neighborhood on the list?
What do cash buyers mean for your neighborhood? Neighborhoods with a high percentage of cash buyers can mean that investors are fixing and flipping homes, which can increase home values overall. In condo communities, a high percentage of cash buyers may mean these are good buy and hold investment properties, where the rent versus purchase price is attractive to investors. In the past year, 1530 properties have sold in Falls Church ranging from a 1-bed, 1-bath condo for $115,000 to a 6-bed, 5.5-bath detached for $1,800,000. Approximately 16% of these homes were purchased with cash. The median sold price was $544,000.
Top 10 Falls Church Neighborhoods for Cash Buyers
In the past 12 months, a total of 248 homes sold in Falls Church for cash with a median sold price of $409K. These were the most popular Falls Church neighborhoods for cash buyers.
| Neighborhood | Type | Cash Sales | % Cash | Sold (Med) |
| Pimmit Hills | Detached | 11 | 20% | $555,000 |
| Woodlake Towers | Condo | 10 | 38% | $169,500 |
| Idylwood Towers | Condo | 9 | 28% | $215,000 |
| Lafayette Park | Condo | 9 | 39% | $145,000 |
| Skyline Square | Condo | 8 | 15% | $216,250 |
| Yorktowne Square | Condo | 8 | 44% | $200,950 |
| Lakeside Plaza | Condo | 7 | 35% | $270,000 |
| Skyline House | Condo | 7 | 27% | $260,000 |
| Skyline Plaza | Condo | 6 | 13% | $227,500 |
| Renaissance 2230 | Condo | 5 | 24% | $280,000 |
Falls Church Cash Sales by Property Type
In the past 12 months, a total of 104 detached homes, 28 townhomes, and 114 condos sold in Falls Church for cash. This was the breakdown by property type and bedrooms.
Find out what's happening in Falls Churchfor free with the latest updates from Patch.
| Type | 1 BR | 2 BR | 3 BR | 4+ BR | Sold (Med) |
| Detached | 1 | 13 | 45 | 45 | $569,750 |
| Townhouse | 0 | 6 | 17 | 5 | $586,250 |
| Condo | 39 | 63 | 11 | 1 | $207,250 |
| Sold (MED) | $193,500 | $297,500 | $540,000 | $640,000 | $409,500 |
Peggy Yee is a supervising broker at Frankly Realtors and is one of Northern Virginia Magazine's Top Realtors in 2015-2019. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com.
Find out what's happening in Falls Churchfor free with the latest updates from Patch.
Information based on BrightMLS data and deemed reliable but not guaranteed.