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 a busy weekend in Reston Real Estate.
Lots of buyers are in the hunt for new homes. Limited inventory has created some interesting dynamics. Open house traffic has been enormous and many agents are reporting multiple contracts on their listings.
This has not created crazy price increases; as you can see in the chart below, property is generally selling very close to its list or “last” list price. The exception to this price/inventory dynamic is at the mid-range of the market. Townhouses that are price under 500 and especially in the mid-400 range are very competitive.
My advice to sellers no matter what price their property; come on the market right at the market price, based on recent sales and you’ll have greater control of the selling process. Going on the market high thinking you need “room to negotiate” will only result in extra days on market and ultimately less cash in your pocket.
Sold Past 30 Days — Reston
Here are few of the homes that settled recently in Reston:
11041 Saffold Way
4 BR/2.5 BA
List Price: $ 440,000
Sold Price: $450,000
2604 Mountain Laurel Place
4 BR/2 BA, 2 half bath
List Price: $699,900
Sold Price: $595,000
12369 Lima Lane
4 BR/3.5 BA
List Price: $659,000
Sold Price: $662,000
1601 Purple Sage Drive
2 BR/1.5 BA
List Price: $370,000
Sold Price: $375,000
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