This is a sponsored post by Eve Thompson of Reston Real Estate.
There were just nine new listings this past week in Reston. Possibly sellers have been distracted with the news, maybe they are waiting for the so-called spring market. Whatever it was, we are left with a tiny pool of properties for buyers to consider. The total number of homes for sale is 82, which breaks down to 71 active listings and 11 in a “coming soon” status.
One interesting dimension of this pool of listings is that 78% of them are condominiums. The condo market in Reston is slightly softer than the market for townhouses and single-family houses. The average days on market for condos is at 65-plus days, while townhouses and single-family homes have averaged 21 days on the market.
As mentioned last week, the limited inventory is constraining a market that would like to boom. If you have a townhouse or single-family house and are ready to downsize, now is the perfect time. You will have the advantage on both sides of the equation — a fast sale and more inventory to choose from on the buy side.
Here is a look at a few of the new listings in Reston:
- 11529 Pine Cone Court — 3 BD/2.5 BA — $499,272
- 1671 Parkcrest Circle #101 — 1 BD/1 BA — $250,000
- 12013 Taliesin Place #35 — 2 BD/2 BA — $365,000
- 11240 Chestnut Grove Square # 260 — 1 BD/1 BA — $210,000
For information on great Reston neighborhood, or if you’d like a free valuation of your home, please feel free to contact me.