This is a sponsored post by Eve Thompson of Reston Real Estate.
39 properties successfully traded hands over the past two plus weeks. Not too bad given the holidays and other distractions.
What’s significant is that is almost 100% turnover of housing inventory! We have just 43 active listings in Reston, about a 2-week supply. This is consistent with what we’re seeing around the region. Buyer demand is high, but listings are in very short supply.
It’s interesting to note that coming on the market at the right price is still key to securing a good solid contract on your home. Short supply hasn’t driving buyers to write offers, solid value is what motivates buyers. You need to be the best presented item in your category — for your condition. In other words, your property doesn’t have to be perfect, you just can’t price it as if it is perfect!
Below are some of the properties that traded hands.
- 1851 Stratford Park Place #310 — 2 BD/2BA, $459,000 — $410,000 — 271 Days on Market
- 2360 Paddock Lane — 5 BD/3 BA, $795,000 — $825,000 — 11 Days on Market
- 1418 Church Hill Place — 2 BD/2 BA, $375,000 — $385,000 — 2 Days on Market
- 11238 Harbor Court — 2 BD/2 BA, $520,000 — $520,000 — 7 Days on Market
- 1230 Tottenham Court — 5 BD/5 BA, $1,249,000 — $1,350,000 — 2 Days on Market
If you’re looking to buy or sell in Reston and have questions, feel free to reach out!
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