This is a sponsored post from Eve Thompson of Reston Real Estate.
The good news is that only 24 new properties were added to the Reston market for a total inventory of 278 homes for sale, which is a little over 2 months of inventory. Average days on market is now 25, about 7 — 10 longer than it was in the Spring.
The implication for sellers in this slower market is that when your home hits the market your price and condition must be on point in order to be the best home in your category so that you can create some urgency in the buyers.
Here are a few of the homes that sold in Reston this week.
2243 Castle Rock Square #1B. Listed at $179,500. Sold at $179,000 (Seller Subsidy: $5,821).
2108 Green Watch Way #301. Listed at $265,000. Sold at $260,000.
1524 Chatham Colony Court. Listed at $499,900. Sold at $521,250.
1925 Upper Lake Drive. Listed at $847,000. Sold at $836,000.
1830 Fountain Drive #1501. Listed at $1,349,000. Sold at $1,265,000 (Seller Subsidy $1,200)
*Seller Subsidy is when the seller contributes cash to the buyer’s closing costs.