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.
Back in March when everything was shutting down I would never have predicted the speed at which the real estate market has continued to move.
Inventory is still very limited, interest rates are insanely low and I think the reality of working from home and home schooling kids may be driving people to reconsider their current living situations.
Currently there are 135 active and coming soon properties listed in Reston. That represents a one month supply of housing inventory. The average number of days it takes a house to sell is 20, with a median of just 6 days.
There’s a lesson in these numbers if you’ve got a house on the market that hasn’t sold. As strong as the market is the buyers are not buying everything and anything a seller puts on the market. Seller’s need to take whatever steps are needed to make sure that their home is the best priced “item” in its category FOR ITS PRICE PONIT. If your home is a fixer and you’ve got it priced like the one that’s “move in ready” down the block, you can expect to sit; these buyers are informed!
Here’s a few that sold in the last week.
11450 Waterview Cluster
4 BD/3.5 BA
List Price: $849,000
Sold Price: $850,000
11510 Sunder Court
3 BD/3.5 BA
List Price: $525,000
Sold Price: $551,000
11566 Rolling Green Court #100
2 BD/2 BA
List Price: $299,900
Sold Price: $299,900
2424 Silver Fox Lane
5 BD/4.5 BA
List Price: $880,000
Sold Price: $880,000
1559 Regatta Lane
4 BD/4.5 BA
List Price: $1,200,00
Sold Price: $1,200,000
We spent our shut down time reworking the All Reston Real Estate website. You can check it out here.
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