This is a sponsored post by Eve Thompson of Reston Real Estate.
The Reston real estate market is starved for inventory with just 35 active listings and 13 in a Coming Soon status. For years we have averaged between 150-200 active listings, so this is painfully low.
Sparse inventory always favors the seller, however buyers are rejecting listings that don’t provide a good value proposition. Getting a fast contract for the best price usually happens because the property is in move-in ready condition, or, because the price acknowledges work to be done to get the property in good shape.
The market is very condo heavy with 31 of the total 48 properties being condos. As mentioned in my last blog, if you’re selling a single family and downsizing into a condo this is your market! You should be able to sell your single family house or townhouse for a premium and get a good deal on a condo!
Here’s a few of the new listings in Reston this week.
- 1629 Fieldthorn Drive — 2 BD/1.5 BA — $439,000 — Open Sunday
- 12000 Market Street #288 — 1 BD/1BA — $295,000
- 10801 Midsummer Drive — 5 BD/3 BA — $939,000
- 2320 Rosedown Drive — 5 BD/3.5 BA — $725,000
- 1656 Parkcrest Circle #101 — 1 BD/1BA — $274,980 — Open Sunday
If you’re looking to buy or sell in Reston and have questions, feel free to reach out!
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