Reston Real Estate: Just Sold

RestonNow.com Sponsor April 9, 2020 at 4:30pm

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.

Like all businesses, real estate has been knocked back on its heels by COVID-19.

While many might see real estate transactions as being non-essential there are life situations that force people to move. Death, divorce, employment changes — things that are beyond an individual’s control that require them to sell or buy property.

So far the impacts of COVID-19 have been on behaviors around real estate processes. Masks, gloves, booties and hand sanitizers at showings and agents wiping down door knobs, light switches and hand rails after showings. Sellers are only allowing their homes to be shown by appointment and only to potential buyers –adults only no kids — that have been well vetted by a reputable lender and are pre-qualified to buy. Open Houses are no longer allowed.

Conventional wisdom would say that sales should be down; but in the Reston market things so far are holding steading. Our current housing inventory is 148 properties which includes 14 coming soon. 51 houses went pending in the last 14 days and more than half of those went pending in the last 7 days.

These numbers are consistent with what our rates of sales have been over the past 12 month period. So for those with no choice about selling or buying, the picture isn’t too bad — for buyers there is inventory and for sellers there are buyers.

Here are few of the properties that sold this week.