This is a sponsored post from Eve Thompson of Reston Real Estate.
There were 27 properties that went from Pending to Sold this past week in Reston.
The good news is that only 24 new properties were added to the Reston market for a total inventory of 278 homes for sale, which is a little over 2 months of inventory. Average days on market is now 25, about 7 — 10 longer than it was in the Spring.
The implication for sellers in this slower market is that when your home hits the market your price and condition must be on point in order to be the best home in your category so that you can create some urgency in the buyers.
Here are a few of the homes that sold in Reston this week.
2243 Castle Rock Square #1B. Listed at $179,500. Sold at $179,000 (Seller Subsidy: $5,821).
2108 Green Watch Way #301. Listed at $265,000. Sold at $260,000.
1524 Chatham Colony Court. Listed at $499,900. Sold at $521,250.
1925 Upper Lake Drive. Listed at $847,000. Sold at $836,000.
1830 Fountain Drive #1501. Listed at $1,349,000. Sold at $1,265,000 (Seller Subsidy $1,200)
*Seller Subsidy is when the seller contributes cash to the buyer’s closing costs.
Recent Stories
Live Fairfax is a bi-weekly column exploring Fairfax County. This recurring column is sponsored and written by Sharmane Medaris of McEnearney Associates. Questions? Reach Sharmane at 813-504-4479. Sold by Sharmane and Style by Valentine teamed up…
For this year’s Independent Bookstore Day, local bookworms will be encouraged to collect not just new literary titles, but also places to buy them. More than a dozen shops across…
RELAC Water Cooling will begin delivering air-conditioning services to residents and businesses in Reston’s Lake Anne area this weekend — ahead of its official launch date of May 22. The…
The cost of riding Metro trains and buses will go up, starting July 1, when the transit agency’s new budget takes effect. The Washington Metropolitan Area Transit Authority’s (WMATA) board…
