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.
With so few houses on the market, just 141 as of this post, why isn’t it more of a seller’s market? Interest rates are still crazy low, the job market is stable. All indicators seem to point to a market that favors the sellers, and yet it is not. The market is very balanced.
Today’s buyers are informed, methodical and not in a rush. The amount of time buyers spend researching homes online? Countless. Number of homes buyers saw online before engaging a real estate agent? Hundreds. They’ve done their research and are ready.
The median number of weeks buyers spent viewing homes in person was 10 weeks. Once they actually begin looking at homes, they are ready to take action when the right property pops up.
Sellers need to prepare for a little more time on the market with the average days on market sitting at 40. If you really get your place ready to sell and hit the market at the right price you’ll reduce that number considerably.
Here are a few of the recent sales:
11698 Sunrise Square Place
4 BR/4.5 BA
List Price: $963,520
Sold Price: $963,520
1311 Quail Ridge Drive
5 BR/3.5 BA
List Price: $785,000
Sold Price: $775,000
11555 Underoak Court
3 BR/2/2 BA
List Price: $359,000
Sold Price: $353,000
2022 Chadds Ford Drive
3 BR/3.5 BA
List Price: $549,980
Sold Price: $549,980
12000 Market Street #161
1 BR/1 BA
List Price: $315,000
Sold Price: $315,000
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Take a look at a few recently reduced properties around Reston.
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