Real Estate
[HIDDEN GEMS] Highest Appreciated Falls Church Neighborhoods
Why location matters. Check out the Falls Church neighborhoods with the highest annual appreciation! Is your neighborhood on the list?
With low inventory of homes in Northern Virginia and high demand, home prices continue to rise and in some neighborhoods the home prices are exploding! Check out these hottest Falls Church neighborhoods with the biggest year over year median sold price increase over the past year. If you are thinking about selling your home and live in one of these neighborhoods, there are a ton of buyers ready to purchase! When you sell your home with substantial appreciation, you may qualify to exclude up to $250,000 of that capital gain from your taxes. This total increases to $500,000 if you file a joint return with your spouse!
In the past two years, 2920 properties have sold in Falls Church ranging from a 1-bed, 1-bath condo for $115,000 to a 6-bed, 5.2-bath detached for $2,025,000. Click here to sign up for my free monthly real estate market update to stay current on the latest real estate market trends in your neighborhood.
Hottest Falls Church Neighborhoods by Appreciation
In the past two years, a total of 2920 homes sold in Falls Church with a median sold price of $560,000 and median days on market of 10. These were the hottest Falls Church neighborhoods, where the 2019 median home sale price increased over the 2018 median home sale price.
| Neighborhood: | Westmoreland Park |
| Type: | Detached |
| 2019 Sold Price: | $1,608,758 |
| 2018 Sold Price: | $745,000 |
| % Increase: | 116% |
| Neighborhood: | Lakeford |
| Type: | Townhome |
| 2019 Sold Price: | $581,000 |
| 2018 Sold Price: | $415,000 |
| % Increase: | 40% |
| Neighborhood: | Fowler's Addition |
| Type: | Detached |
| 2019 Sold Price: | $1,197,500 |
| 2018 Sold Price: | $867,000 |
| % Increase: | 38% |
| Neighborhood: | Fenwick Park |
| Type: | Detached |
| 2019 Sold Price: | $675,000 |
| 2018 Sold Price: | $495,000 |
| % Increase: | 36% |
| Neighborhood: | Belvedere |
| Type: | Detached |
| 2019 Sold Price: | $565,000 |
| 2018 Sold Price: | $417,950 |
| % Increase: | 35% |
| Neighborhood: | Sherwood |
| Type: | Detached |
| 2019 Sold Price: | $1,069,000 |
| 2018 Sold Price: | $805,000 |
| % Increase: | 33% |
| Neighborhood: | Virginia Forest |
| Type: | Detached |
| 2019 Sold Price: | $820,000 |
| 2018 Sold Price: | $639,000 |
| % Increase: | 28% |
| Neighborhood: | Ravenwood |
| Type: | Detached |
| 2019 Sold Price: | $1,180,000 |
| 2018 Sold Price: | $921,500 |
| % Increase: | 28% |
| Neighborhood: | Renaissance |
| Type: | Condo |
| 2019 Sold Price: | $344,750 |
| 2018 Sold Price: | $281,250 |
| % Increase: | 23% |
| Neighborhood: | Yorktowne Square |
| Type: | Condo |
| 2019 Sold Price: | $215,000 |
| 2018 Sold Price: | $174,500 |
| % Increase: | 23% |
| Neighborhood: | West Lawn |
| Type: | Detached |
| 2019 Sold Price: | $544,500 |
| 2018 Sold Price: | $448,000 |
| % Increase: | 22% |
| Neighborhood: | Pine Spring |
| Type: | Detached |
| 2019 Sold Price: | $737,500 |
| 2018 Sold Price: | $613,000 |
| % Increase: | 20% |
| Neighborhood: | High Pointe At Jefferson |
| Type: | Condo |
| 2019 Sold Price: | $365,000 |
| 2018 Sold Price: | $304,999 |
| % Increase: | 20% |
| Neighborhood: | Donna Lee Gardens |
| Type: | Detached |
| 2019 Sold Price: | $709,900 |
| 2018 Sold Price: | $599,000 |
| % Increase: | 19% |
| Neighborhood: | Bel Air |
| Type: | Detached |
| 2019 Sold Price: | $577,700 |
| 2018 Sold Price: | $490,000 |
| % Increase: | 18% |
| Neighborhood: | Woodley |
| Type: | Detached |
| 2019 Sold Price: | $550,000 |
| 2018 Sold Price: | $471,000 |
| % Increase: | 17% |
| Neighborhood: | Courtland Park |
| Type: | Detached |
| 2019 Sold Price: | $760,000 |
| 2018 Sold Price: | $654,500 |
| % Increase: | 16% |
| Neighborhood: | Steppes Of Barcroft |
| Type: | Townhome |
| 2019 Sold Price: | $370,000 |
| 2018 Sold Price: | $325,000 |
| % Increase: | 14% |
| Neighborhood: | Covent Gardens |
| Type: | Condo |
| 2019 Sold Price: | $297,000 |
| 2018 Sold Price: | $263,000 |
| % Increase: | 13% |
| Neighborhood: | Hillwood |
| Type: | Detached |
| 2019 Sold Price: | $775,000 |
| 2018 Sold Price: | $700,000 |
| % Increase: | 11% |
| Neighborhood: | Tyler Park |
| Type: | Detached |
| 2019 Sold Price: | $557,500 |
| 2018 Sold Price: | $502,500 |
| % Increase: | 11% |
| Neighborhood: | Savoy Park |
| Type: | Condo |
| 2019 Sold Price: | $308,000 |
| 2018 Sold Price: | $278,500 |
| % Increase: | 11% |
| Neighborhood: | Winter Hill |
| Type: | Townhome |
| 2019 Sold Price: | $440,000 |
| 2018 Sold Price: | $400,000 |
| % Increase: | 10% |
| Neighborhood: | Villages At Falls Church |
| Type: | Condo |
| 2019 Sold Price: | $172,500 |
| 2018 Sold Price: | $157,450 |
| % Increase: | 10% |
| Neighborhood: | Falls Park |
| Type: | Detached |
| 2019 Sold Price: | $815,000 |
| 2018 Sold Price: | $747,000 |
| % Increase: | 9% |
Annual Appreciation for the Northern Virginia Cities
Northern Virginia remains one of the hottest real estate markets in the country with low inventory, low days on market and rising sales prices. The table below compares the median sales price for the for first 11 months of sales for 2018 against 2019 to show the appreciation for some of the most popular Northern Virginia neighborhoods. The cities of Arlington and Falls Church both experienced tremendous year over year increases in the median sales price. In this hot real estate market, this presents an incredible opportunity to sell your home quickly for top dollar!
Find out what's happening in Falls Churchfor free with the latest updates from Patch.
| City | 2019 Sold Price (MED) | 2018 Sold Price (MED) | % Change |
| Alexandria | $500,000 | $487,500 | 3% |
| Annandale | $555,500 | $534,900 | 4% |
| Arlington | $606,000 | $555,000 | 9% |
| Ashburn | $525,000 | $504,000 | 4% |
| Centreville | $415,000 | $392,000 | 6% |
| Chantilly | $510,000 | $507,450 | 1% |
| Dumfries | $385,000 | $360,000 | 7% |
| Fairfax | $540,000 | $534,667 | 1% |
| Falls Church | $578,005 | $535,000 | 8% |
| Fredericksburg | $304,250 | $290,000 | 5% |
| Herndon | $530,000 | $511,250 | 4% |
| Leesburg | $505,000 | $495,000 | 2% |
| Manassas | $355,000 | $335,000 | 6% |
| McLean | $940,000 | $905,000 | 4% |
| Reston | $440,000 | $425,000 | 4% |
| Springfield | $510,000 | $475,000 | 7% |
| Sterling | $420,000 | $415,000 | 1% |
| Vienna | $784,250 | $778,500 | 1% |
| Woodbridge | $337,500 | $324,000 | 4% |
About Peggy Yee
Peggy Yee is a supervising broker at Frankly Realtors and is a local Top Producer. She has sold over $180 million in sales and was one of Northern Virginia Magazine's Top Realtors since 2015. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com. Peggy is 100% committed to making your move the best experience possible! Don't just take our word...Click here to see what Peggy's past clients have to say about the experience working with her from Buyer and Seller Video Testimonials and you'll understand why she is one of the top real estate agents in Falls Church with dozens of 5 Star Zillow reviews. Click here for Zillow Reviews.
* Data Source: BrightMLS and SmartCharts. Information deemed reliable but not guaranteed.