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.
Buyers are feeling the pinch of the limited housing inventory — especially in the middle price range of the market.
Days on market is averaging 19 with lots and lots of properties going in just 2 or 3 days. Escalation clauses are making a comeback as buyers struggle to position their offers as “the best” among many.
So, what can a buyer do to stand out in a crowd?
Here are a few things that can help:
- Have your financing in order. Get prequalified by a well-known (I prefer “brick & mortar”), lender. Have your letter in-hand ready to go.
- Focus on property that has been on the market for a while. In this market if a property has been on the market for 10+ days, it’s likely overpriced. Time usually softens a seller’s view on the value of their property.
- Make your home inspection for informational purposes only. This may sound scary but you’ll retain your right to void your contract if you find something wrong. Many sellers will become negotiable once they see the results of an inspection.
- Be ready to move fast — have your agent set up “auto-searches” for your target neighborhoods and be ready to go see houses as soon as they hit the market.
- Don’t abandon common sense. Be reasonable, be patient, it will happen eventually.
Here are a few of the houses that sold in the past week in Reston.
Sold & Pending Sale — Past 10 Days
11326 Bright Pond Lane
5 BR/ 3.5 BA
List price: $999,000
Sold Price: $999,000
2229 Cedar Cove Court
3 BR/3.5 BA
List Price: $590,000
Sold Price: $592,000
2270 Wheelwright Court
3 BR/2 BA, 2 half bath
List Price: $473,000
Sold Price: $469,900
1553 Brookshire Court
3 BR/2 BA
List Price: $400,000
Sold Price: $412,000
An annual exhibit showcasing student art returns next week to ArtSpace Herndon.
The Herndon Pyramid Schools Exhibit will feature art created by students from the following schools:
- Aldrin Elementary School
- Armstrong Elementary School
- Clearview Elementary School
- Dranesville Elementary School
- Herndon Elementary School
- Hutchison Elementary School
- Herndon Middle School
- Herndon High School
The exhibit runs from Tuesday, April 9, to Monday, May 20, at ArtSpace Herndon (750 Center Street).
An opening reception will be held on Wednesday, April 10, from 6-8 p.m.
Some of the art will be available for purchase.
Image via Google Maps
Drivers will have their Herndon-Monroe parking relocated to the new garage starting next week as work continues in preparation for the new Herndon Metro station.
The existing parking garage will close next Monday (April 8) for a few months as it undergoes changes. Parking will get relocated to the first, second and third levels of the new garage, which is almost done with construction, according to Fairfax County.
Access to eastbound Dulles Toll Road from the parking facility is scheduled to resume in late April after toll booth renovation is done.
Until then, drivers will need to take a detour onto Sunrise Valley Drive via the Fairfax County Parkway.
Photos via Fairfax County
Lake Anne Hair Design at Lake Anne Plaza (11404 Washington Plaza W) is being sold following the death of longtime owner Randy Burr in January.
The hair studio has been in business in Reston for 30 years as a no-appointment-needed barber shop.
According to an obituary, Burr went to barber school at 17 and started the design studio in the late 1970s.
“[Burr] became a neighborhood fixture waiting to strike up a conversation or watch any tennis-match on TV,” according to the obituary. “He, a true optimist, was always genuinely willing to help others in any way he could.”
In a Facebook post after Burr’s death, Lake Anne Plaza wrote a short tribute:
Randy has been on Lake Anne Plaza almost from the beginning- cutting hair, making jokes, telling stories and waving at the passersby from his comfortable chair outside his shop. He will be missed by many.
Photo via Robyn Burdett Real Estate Group
Just a few days after Founder’s Day, CenterStage at Reston Community Center will have a free screening of a Reston filmmaker’s documentary on Bob Simon’s vision.
Director Rebekah Wingert’s 2015 documentary “Another Way of Living: The Story of Reston, VA” chronicles Simon’s journey to creating his version of a suburban utopia.
Wingert grew up in Reston and returned to live there in the early 2000s.
The screening is set to start at 7:30 p.m. next Wednesday (April 10).
“Another Way of Living” departs from Wingert’s other documentaries, which have focused on Palestinians.
Wingert’s latest production, “Naila and the Uprising,” tells the story of women fighting for freedom in Palestine. The documentary is part of the “Women, War and Peace II” series and is currently streaming on PBS.
Photo courtesy Reston Community Center
The Town of Herndon revealed its proposed budget today (April 1) along with publicizing two public hearing dates to receive feedback.
Totaling a little more than $53 million, Herndon Town Manager Bill Ashton’s proposed fiscal year 2020 budget is a 10.9 percent decrease from the adopted FY 2019 budget, according to a press release from the Town of Herndon.
“In a ‘status quo’ economic environment, the proposed FY 2020 Budget funds Town Council priorities, such as the redevelopment of Herndon’s downtown as well as continued planning for the coming of Metrorail,” Ashton said in the press release. “It also recommends continuation of the services and programs our citizens expect and enjoy.”
The town’s FY 2020 begins on July 1 and runs through June 2020.
Here is a quick overview of the proposed budget:
- real estate tax, personal property tax rate and cigarette tax remain the same
- town’s meal plan increases from 2.5 percent to 3.5 percent
- motor vehicle license fee remains at $25 for private passenger and other vehicles weighing less than 4,000 pounds and $32 for ones weighing more than 4,000 pounds
- sewer service rate increases from $5.78 to $6.19
- sewer and water availability fees for new, single-family homes and sewer lateral repair and replacement program remain the same
- water service rate increases from $3.06 to $3.16
- recycling fee increases from $16 per year to $32 per year
The public hearings are set for April 9 and April 23 — both Tuesdays — and will start at 7 p.m. in the Ingram Council Chambers (765 Lynn Street). In addition to the hearings, locals can submit feedback online.
Residents and businesses in Herndon can expect to receive a guide to the budget mailed to them.
Photo via Town of Herndon
The Reston Historic Trust and Museum is hosting the 55th annual anniversary of Reston’s founding with a celebration on Saturday, April 6.
Festivities for Founder’s Day will run from noon to 4 p.m. at Lake Anne Plaza.
The event will include a moon bounce, children’s activities, face painting, a public art tour and exhibits at the Reston Historic Trust and Museum and RCC Lake Anne’s Jo Ann Rose Gallery.
Some highlights from the schedule include:
- 12:05 p.m: Lake Anne Elementary School Chorus & Orchestra
- 12:50 p.m: Foley Irish Dance
- 1:20 p.m: Hughes MS Panther Jazz Band
- 1:20 p.m: guided public art walking tour
- 1:30 p.m: meet the authors of “Memoir Your Way”
- 1:45 p.m: Hunters Woods Elementary School String Ensemble
- 2:00 p.m: Lopez Studios, American Musical Theater
- 2:15 p.m: Reston Chorale
- 2:40 p.m: Reston Community Players performing scenes from “Annie”
- 2:40 p.m: artist talk with Marco Rando
- 3:05 p.m: Rick Landers, Folk musician
- 3:30 p.m: ensemble from Reston Community Orchestra
Attendees can also share their Reston stories with recorded oral histories from 1-3 p.m. at RCC Lake Anne.
Exhibit enthusiasts can find several around the area including “Fine Lines” at the Jo Ann Rose Gallery, which features artists’ interpretations of lines.
Over at the Reston Historic Trust and Museum, locals can see Charlotte Geary’s photography in “The Women of Lake Anne” exhibit and also enjoy “Untold Stories and The History of the Sculpture by Zachary Oxman Dedicated to Reston’s Founder.”
Purcellville-based bakery Teapot and Cake is coming to Lake Anne Plaza.
Building permits indicate that the bakery will move into 11404A W. Washington Plaza — the former spot of Havana Boutique, a high-end consignment shop.
The menu for the Purcellville spot includes a range of sweets, including cakes, pastries, cookies, cupcakes and tea.
A Facebook post from Lake Anne and Washington Plaza says that the opening date is “TBD” — “to be determined.”
Photo via Facebook
Car crash update — On Friday (March 20), “units responded to a car crash on Lawyers Road and Pegasus Lane in Reston area. Crews arrived to find two people trapped. Units were able to quickly work to free them. Both transported to area hospital with non-life-threatening injuries.” [Fairfax County Fire and Rescue]
Yoga among the books — From 5:30-6:30 p.m., adults can do yoga at the Herndon Fortnightly Library. [Fairfax County]
Parks and Rec meeting — The Reston Association’s Parks and Recreation Advisory Committee will meet from 6:30-8:30 at RA headquarters. [WebTrac]