This is a sponsored post by Eve Thompson of Reston Real Estate.
It’s been a strange few weeks in Reston Real Estate. Moving into summer the market seemed to throw on the breaks — calls to other agent confirmed that it wasn’t just my listings that were not being shown. I don’t know if it was the crush of end of school year activities or what but it felt like the air had come out of the balloon!
The numbers tell a slightly different story: June saw 104 houses sold with an average days on market of 31. We have 370 active listings, which gives us 3.5 months’ worth of housing inventory.
We have 131 Pending transactions, whose average days on market is 41. So the market is moving slower, but it is moving. Sellers should anticipate a longer time to get their property under contract but things are still selling. Generally, activity has been picking back up. Hopefully that trend will continue as we move through the summer.
Here are a few of the houses in Reston that recently sold:
1617 INLET CT. 4BR, 2.5 BA. List Price: $695,000. Sold Price: $675,000.
1451 ALDENHAM LN. 5BR, 3.5 BA. List Price: $599,000. Sold Price: $601,014.
11599 NEWPORT COVE LN. 3BR, 2 BA. List Price: $695,000. Sold Price: $695,000.
1363 HERITAGE OAK WAY. 3BR, 2 FB, 2 HB. List Price: $514,900. Sold Price: $514,900. Seller Subsidy: $6,500.
12228 QUORN LN. 4BR, 3 BA. List Price: $697,000. Sold Price: $697,000.
2221 WAKEROBIN LN. 4BR 3.5 BA. List Price: $639,800. Sold Price: $639,800. Seller Subsidy: $1,500.