This is a sponsored post from Eve Thompson of Reston Real Estate.
The mini slowdown we experienced this summer is showing up in the weekly Just Sold report with just eight properties going from PENDING to SOLD this week in Reston. Average Days on market for this little group is 24, which doesn’t seem too bad — until you look at the way we count days on market.
When you put your house on the market, the multiple listing system keeps track of how many days it takes for your property to sell. But let’s say you put your house on the market and after 60 or 90 days it doesn’t sell, so you decide to change real estate agents.
Your new agent will create a new listing record for your house — the days on market counter is reset to 0, but there is a new counter called days on market property that keeps track of how long that property has been on the market regardless of what agent has the listing. When we look at the property counter we see the average for this group is actually 64.
That’s a lot of days to have to get up and have your house in ready-to-show condition.
The common thread in these houses that sat on the market a longest time is that the difference between their original list price and their final sold price was significant. Getting your house priced right when the market is in transition is hard; it takes a lot of honest dialogue between agent and client to adjust course quickly if your property isn’t getting enough activity to get it sold.
Here are the 8 properties that sold this week:
- 12105 PURPLE SAGE CT N: 3BR, 1.5 BA. List Price $314,995; Sold Price $300,000
- 2161 CABOTS POINT: 3BR, 3 BA. List Price $624,900; Sold Price $590,000 Seller Subsidy $8,000
- 1560 TRAILS EDGE LN: 5BR, 3.5 BA. List Price $775,000; Sold Price $692,000 Seller Subsidy $10,000
- 2334 ANTIQUA CT: 3BR, 3.5 BA. List Price $335,000; Sold Price $327,000 Seller Subsidy $8,000
- 2417 ALSOP CT: 3BR, 2.5 BA. List Price $399,000; Sold Price $392,000 Seller Subsidy $3,925
- 11939 RIDERS LN: 4BR, 3 Full 2 Half BA. List Price $878,000 Sold Price $878,000
- 1413 NORTHGATE SQ: 3BR, 2 BA. List Price $309,000; Sold Price $289,000 Seller Subsidy $2,300
- 2143 GREENKEEPERS CT: 3BR, 2 BA. List Price $469,000; Sold Price $460,000 Seller Subsidy $3,000
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The Ravel Dance Studio will re-open for fall classes 2020. The school will offer in person and virtual online instruction. With over 5000 sq. ft. to social distance the school has added air ionization filtration systems, ballet barres, acrylic dividers, hands free bathrooms, strict monitoring and more.
The Ravel Dance Studio will produce a Nutcracker Ballet Hollywood style video through the Reston Community CenterStage. REGISTRATION online begins August 17.
Chris Green is one of the DMV’s finest fitness instructors. A Lululemon and South Block ambassador, he is a coach and mentor to so many. He embodies grace, positivity and motivation in ways that no one else can. If we could all learn a thing or two from him, the world would be a much better place. He does so much for others, and does so with a smile on his face 99% of the time.
He recently ruptured his Achilles and has an incredibly long and tough journey ahead. As if COVID hadn’t impacted fitness professionals enough, throw this in the mix and it’s a double, even triple whammy. CG is no longer able to work and do what he loves for the time being because of this and we’d love your support.