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Reston Real Estate: Just Sold

by RestonNow.com Sponsor February 4, 2019 at 3:30 pm 2 Comments

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.

Reston’s housing inventory is holding steady at 117 properties. The past 30 days saw a drop in the number of settlements which is consistent with the holiday season just past.

What is really interesting is looking at the properties in a “Pending” status. These are homes that have sold in the last 30 days that are making their way through the sales process. What’s interesting about this group of pending properties is their average “Days on Market” is 18 compared to an average of 63 for the houses in a “SOLD” status over the same 30 day period.

What this tells us is that demand is on the increase, good news for those considering listing their homes for sale.

If you are thinking of selling — take these simple steps to shorten your days on the market and maximize your sales price. And don’t forget to go through your pre-listing cleaning checklist.

  • Purge, purge, purge. If it’s not something you’re taking with you to your new home, get rid of it now.
  • Clean, clean, clean. After you get rid of your excess abundance, make it clean as you can. Clean it from top to bottom — light switches, light fixtures, door jams, base boards. It’s the least expensive thing a home seller can do to help get their home sold.
  • Get to the right price. Even in a fast moving market you have to be at the right price. Every home on the market has a sweet spot that says “this is the right price for the condition and updates of this home.” Don’t leave a lot of room in your price; it just encourages buyers to wait.

Here are a few of the houses that sold this past week in Reston:

11520 Underoak Court
3 BR/2.5 BA
List Price: $399,000
Sold Price: $405,000

 

 

2158 Golf Course Drive
3 BR/3.5 BA
List Price: $475,000
Sold Price: $475,000

 

 

1662 Valencia Way
3 BR/3.5 BA
List Price: $420,000
Sold Price: $410,000

 

 

1863 Michael Faraday Drive
3 BR/2.5 BA
List Price: $686,421
Sold Price: $675,000

 

  • Chuck Morningwood

    Dear lord, do you see those prices? Can you say “Bubble”?

    • Eve Thompson

      Chuck- typically a bubble would include rapid appreciation, we seen none of that in our market, and in fact we just managed to hit 4% (the historical norm for real estate), this year. We’ve been pretty flat for the past several years.

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