This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.
It was an interesting year in Reston real estate. Overall more than 1200 properties traded hands accounting for more than $572M in volume. These numbers sound great but they represent a third straight year of declines in average home prices. While home prices were somewhat flat, demand was strong and housing inventory was low, an equation which would typically trend towards a Seller’s Market.
However, intense price sensitivity kept the market fairly balanced with well-informed buyers not being willing to pay more just because there were so few. The attitude seemed to be, “if not this one, I’ll get the next one.” Given that prices haven’t been moving much it’s up to sellers to create motivation in the buyers by presenting the very best option possible in the price category in which they’re competing.
We currently have just 120 properties on the market; 70 homes sold in the past 30 days and 81 homes are pending.
All of this indicates that if you’re ready to sell in 2018 you shouldn’t have too much trouble, provided you work with your agent to get your house ready and dig into the numbers to really understand what the market is doing in your neighborhood.
Trader Joe’s will remain closed today after a vehicle crashed into the building on 11958 Killingsworth Avenue, according to the Fairfax County Police Department.
A woman’s vehicle struck the side of the building. Local police responded to the incident after receiving a call at 1:28 p.m.
The building’s bricks sustained some damages, but the extent of the damage is unclear, Officer Kent Bailey told Reston Now.
No injuries have been reported, he said.
An assessment of the building is ongoing, a store representative said. The store is expected to open tomorrow with regular business hours.
This post was updated at 5:23 p.m.
Police believe the business was broken into around 4:15 a.m.
In a separate incident last week, Reston Now readers reported police activity near Great Owl Circle late last week, including a white evidence collection van and several unmarked police cars.
Detectives were in the area on Friday for an ongoing investigation. There was no threat to public safety, according to a spokesperson for the police department.
As we reported yesterday, police are investigating an incident where a 15-year-old boy reported being filmed while using the bathroom at Red Robin in Fair Lakes Shopping Center.
Charges are pending against a 17-year-old Herndon boy, who police believe works at the restaurant.
1600 block of Autumn Wood Drive, laptop computer from vehicle
1800 block of Cameron Glen Drive, cell phones from residence
2400 block of Clover Field Circle, property from residence
1800 block of Cold Creek Court, passport and jewelry from residence
13100 block of Fox Hunt Lane, laptop computer from residence
1800 block of Oracle Way, wallet from construction site
11800 block of Spectrum Center, beer from business
1800 block of Town Center Parkway, property from business
1500 block of Youngs Point Place, watch from residence
Anyone with information about any of the crimes reported by FCPD should call 703-691-2131 or 1-866-411-TIPS(8477), or text “TIP187” plus the message to CRIMES(274637).
A plan to increase population density in Reston’s Planned Residential Community (PRC) districts will head to the county’s Board of Supervisors in March.
County officials have set dates for upcoming hearings on the zoning ordinance amendment package, which drew fervent opposition during community meetings last year. The zoning change would increase the cap on the population per acre in the PRC from 13 to 16 people.
The amendment could also open up Reston’s village centers to increased major residential development. The proposal would allow the Board of Supervisors to approve developments above 50 residential units per acre within the district’s Transit Station Areas (TSAs) — so long as the projects comply with the area’s master plan that guides development.
The schedule for hearings is as follows:
- Board of Supervisors Authorization Item on March 6: The board will officially introduce the zoning ordinance amendment to its agenda.
- Planning Commission Public Hearing on April 5: The group will hear public testimony on the package. Verbal or written testimony will be taken. The applicant will be given the opportunity to respond to questions and issues raised by the commission and citizens. Registered associations have 10 minutes to speak, registered individuals have five minutes and unregistered individuals have three minutes.
- Board of Supervisors Public Hearing on May 15: The board will hear testimony from the public. Individuals are given three minutes to speak while organizations have five minutes. The board suggests bringing 15 copies of any materials for distribution. Individuals may sign up online.
The hearings are expected to last for several hours. At a late October public meeting at Reston’s South Lakes High School, passionate residents spoke out for roughly two hours against the proposal. The auditorium’s 600+ seats were full, with a solid perimeter of standing audience members as well, plus an overflow room nearby was full of even more people, following along on video.
County officials have said the zoning change implements updates to Reston’s Comprehensive Plan in 2014 and 2015 that calls for targeted, increased growth in Reston Town Center, the village centers and TSAs around the three Metro Stations.
South Lakes High School Indoor Track Team Earns Third Place — At The Freedom Games in New York, the school’s indoor track team had seven state qualifying performances. Sophomore Hannah Waller won the 300 meters and anchored the winning 4×200 relay team with recording breaking performances. More than 4,000 athletes from 130 schools competed in the meet. [SLHS via Twitter]
Fairfax Coin Club Delves into The Secrets of Coin Conservation — The group will meet at 7 p.m. in Reston Community Center (2310 Colts Neck Road) for a discussion on how to best conserve coins. [Fairfax Coin Club via Twitter]
Curator’s Talk at Greater Reston Arts Center on Saturday — Lily Seigel, executive director of GRACE, will discuss the exhibition of Paulina Peavy by examining the artist’s life and relationship to the art of her time on Saturday at 3 p.m. The talk is free and open to the public. Peavy’s work is on display at the center through Feb. 18. [GRACE]
Photo via Milestat