This is a sponsored post by Eve Thompson of Reston Real Estate.
There seems to be some momentum returning to the market as local agents report increase traffic in listings. No doubt the anticipation of increasing interest rates is also motivating some buyers to get off of the fence and get back into the market.
Whatever the drivers, we’ve started the first days of 2016 with fairly strong sales. Current inventory is still under 200 properties and we settled 20 transactions in the first 11 days of 2016 keeping the supply of homes for sale at around three months.
Hopefully this return of activity will begin to shorten Days on Market which is still very high at 68 days — a painfully long time to keep your house is showing condition.
Here are a few of the houses that sold this week.
12087 EDGEMERE CIR. 3BR, 2.5BA.List Price: $484,000. Sold Price: $476,000. Seller Subsidy: $2,000.
2056 BEACON HEIGHTS DR. 3BR 3.5BA. List Price: $925,000. Sold Price: $920,000. Seller Subsidy: $1,500.
11924 ESCALANTE CT. 3BR, 2.5BA. List Price: $368,750. Sold Price: $371,750> Seller Subsidy: $11,200.
12000 MARKET ST #470. 2BR, 2.5BA. List Price: $525,000. Sold Price: $525,000. Seller Subsidy: $2,500
Visit Reston Real Estate for more information on the market.
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