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Reston Real Estate: Just Listed

This is a sponsored post by Eve Thompson of Reston Real Estate.

Inventory is holding steady with new homes coming on the market at about the same rate that they’re going under contract.

There are currently 117 houses on the market in Reston which is about 2 months’ worth of inventory. Spring is just around the corner and should bring with it a lot of new housing inventory, but will also bring out more buyers.

In my last Just Listed Sold blog post a reader commented that they thought the prices indicated a “Bubble” in the housing market — the unspoken threat being that surely a “burst” would soon to follow.

The market is moving at a pretty brisk pace but prices are not escalating at a rapid rate. Home value appreciation in Reston last year was at right around 5% which is slightly ahead of the historical norm of 4% for housing as an asset.

This better than average gain is offset by the fact that the Reston market has been a little flat for the past several years and has only recently begun to perk up, in part fueled by new construction around the metro. I don’t think there’s any indication of a housing market “Bubble.”

Here are a few of the new houses to hit the market in the past week:

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Reston Real Estate: Just Listed

This is a sponsored post by Eve Thompson of Reston Real Estate.

Just because there aren’t a lot of houses (104 active listings), currently on the market doesn’t mean there’s nothing going on in the housing market.

Lots of home owners are preparing their homes for the market and we will start to see a steady increase in listings over the next several weeks. If you’re on the fence about when to list your home for sale here are some things to consider:

  • Buyer demand is high. In my Just Sold blog earlier this week I noted that 10% of the houses sold in the last 30 days sold higher than their list price and without requests for seller paid concessions.
  • Low inventory means there is less competition. Fewer houses for sale will tend to favor the sellers. Not that you can throw anything out there and expect a contract, but well priced, well presented houses are going quickly.
  • If you are a move up buyer now is the time to go — housing prices are predicted to increase 4.8% over the year. If you’re buying a more expensive house you’ll be making a larger down payment and paying higher interest for your mortgage.

Here are some of the new houses on the market this week:

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Reston Real Estate: Just Listed

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This is a sponsored post by Eve Thompson of Reston Real Estate.

At the risk of repeating myself, housing inventory is crazy low!

Just 104 active listings, there are 4 in a “Coming Soon” status but for 3 zip codes this is seriously low inventory.

83 homes settled in the past 30 days, which says that demand for houses is still strong especially given the holidays.

Here are a few of the new listings this week:

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

In my last post about the year in real estate I talked about how the low housing inventory didn’t seem to be driving buyer panic or seller over-confidence.

The market behavior is balanced but very active. As one would expect in this post-holiday week there are very few new listings and only 106 active properties on the market.

What I think is interesting is that 55 properties went into Pending status over the past 30 days and more than half of those did so in the last two weeks!

There are buyers out there looking, so if you’re thinking of selling it might be a good time to clean out the closets and call your agent.

Here are a few of the new listing this week:

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

As we roll into the holiday week there are almost no “new” listings. Most folks will wait until the holidays are past before listing their homes for sale. I thought we’d take a quick look at some of the older listings on the market.

When a seller engages an agent to sell their property what they are hiring is (hopefully) expertise in finding the sweet spot of price vs. property condition. Condition of a property is one of the largest drivers of property value, I would say second only to location.

It’s the agent’s job to analyze sales and condition and to provide a comparison of those sold properties against the seller’s property. It’s the seller’s job to pick the price, hopefully based on the data provided.

It can be hard for sellers and buyers to accept that the market is its own thing — we can’t force it to do our bidding. The buyer who comes in with a super low offer thinking they can force a sellers hand will be just as disappointed as the seller who overprices their property with the “I’m not in a hurry, I’ll wait to get my price” strategy. Rarely is either successful.

Here are a few great properties that have been hanging around a while along with their current list price:

For the past year I’ve been saying that the market is very price sensitive. What I mean is that properties that are within 10-20k of their best price are hanging on the market — buyers are not aggressively pursuing these “slightly” overpriced properties, they’re letting them sit.

This of course is bad for sellers because the longer they sit the more it costs them (both in carrying costs and in lost opportunities, etc.) what they might have done with the cash had they gotten the house sold.

A seller’s best strategy is always to be the best priced and best presented home in their particular market — stand out by being a market of one, rather than one of many.

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

Just 14 new properties were listed in Reston this past week. Inventory is painfully low at just 142 active listings. That represents a housing inventory of less than two months.

It’s not uncommon for additions to inventory to slow at this time of year but hopefully things will loosen up as we move into the New Year.

Here are few of the new homes for sale in Reston.

*These properties have advertised open houses

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

Just 12 new properties were listed in Reston this past week. Inventory is painfully low at just 147 active listings. That represents a housing inventory of less than two months.

What is interesting is that houses are sitting on the market longer than one would expect given the very low inventory. The message for sellers — prepare your home for sale and price it competitively!

Here are few of the new homes for sale in Reston:

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

Property inventory is just beginning to creep back up after a holiday lull that sent the total number of homes for sale in Reston to under 200. That’s the lowest it’s been in most of the previous 12 months.

At our current pace of sales, 88 settled transaction in the past 30 days, this represents just over 2 months of housing inventory. It’s a good start to the year and a good bit of activity given the holiday season.

Here are a few of the houses listed this week.

11106 BURYWOOD LN 4BR 3.5BA. List Price $799,900. Open Sunday

11811 BRETON CT #2B, 2BR ,2.5 BA. List Price $324,900

1333 DASHER LN. 4BR, 4.5BA. List Price $949,900

2316 SAINT BEDES CT 4BR 2.5BA. List Price $629,900. Open Sunday

1830 FOUNTAIN DR #603. 2BR, 2BA. List Price $549,900

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Open Houses in Reston This Weekend

justlistednew

A new home for the holidays? Better get shopping. Start with these new open house listings this weekend.

There are lots of Open Houses this weekend in Reston — 88! Our market is moving along nicely in spite of the typical slower holiday season. There are currently 257 active listings on the market and another 143 pending settlement.

Year to date, we’ve sold 1,057 houses, which isn’t too far off of our typical market.

Here are some of my top picks for the weekend of Dec. 12 and 13:

1547 CHurch Hill1414 Church Hill Place
2 BR, 1.5 BA Condo
$317,900
Open Sunday 1 to 3 p.m.

 
 

11400 Washington Plaza11400 Washington Plaza
1 BR, 1 BA Condo
$249,000
Open Sunday 1 to 4 p.m.

 
 

 1505 North Village Road
4 BR, 3 BA SFH
$959,000
Open Sunday 1 to 3 p.m.

 
 

2069 Cobblestone12069 Cobblestone Lane
3 BR, 3.5 BA SFH
$559,950
Open Sunday 1 to 4 p.m.

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

There’s no two ways about it — Reston real estate marketing is feeling sluggish.

We currently have 389 active listings. The sluggishness is demonstrated in the Pending Sales, which are sitting at 89. Our pending sales usually run between 115 and 120, so this is a pretty significant drop in activity.

It’s interesting to note that our volume of sales compared to last year is actually up both in dollar volume (up 17.7 percent), and in the number of houses sold (up 20 percent).

The other critical number that is way up is “days on market,” which is up a whopping 71 percent! The average days on market before getting a contract is now 48 days.

For sellers, it is crucial to get in front of the pack. That means being the best-priced, best-presented property in your category. For buyers, the trick is going to be keeping an eye on interest rates which are still amazing but are expected to start trending up.

Here are some of the new listings in Reston:

1696 CHIMNEY HOUSE RD. 3BR, 2.5BA. List Price: $679,000 OPEN SUNDAY

11924 ESCALANTE CT. 3BR, 2.5 BA. List Price: $379,000 OPEN SUNDAY

11202 WEDGE DR 3BR 3.5BA. List Price: $689,999 OPEN SUNDAY

11622 OLD BROOKVILLE CT. 3BR, 3.5BA. List Price: $725,000

2516 FARRIER LN. 5BR, 3.5BA. List Price: $849,000

11580 LAKE NEWPORT RD. 4BR, 3.5BA. List Price: $1,550,000

Visit Reston Real Estate for more home listings and sale information.

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Reston Real Estate: Just Listed

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

We’re midway through the summer and Reston’s real estate market has been oddly slow.

The volume of transactions is up slightly from last year but the days on market (the length of time it takes for a house to go under contract), is way up. Last year at this time the average days on market was 18, today it is 56!

We have 383 active properties on the market that have been on the market for an average of 58 days. Having a more competitive market forces seller to be much more thoughtful about their pricing strategies and as always condition becomes even more critical.

Here are a few of the new listings this week.

11616 DEER FOREST RD. 4BR, 2.5BA. List Price: $724,900

11202 WEDGE DR. 3BR, 3.5BA. List Price: $699,999

2407 MYRTLE LN. 4BR, 3BA. List Price: $650,000

11123 GLADE DR. 3BR, 2.5BA List Price: $599,999

11518 SUNDER CT. 3BR, 2.5BA. List Price: $519,000

To see all the new listings visit Reston Real Estate’s page.

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Just Listed in Reston

justlistednew

This is a sponsored post by Eve Thompson of Reston Real Estate.

This week in Reston, 51 new listings hit the real estate market. That takes our total number of houses for sale to a high of 330. That’s more inventory than we’ve had in five years, but sales are keeping pace. Even though there is a lot of property for sale, at the rate they’re moving off the market it’s still only a three-month supply of homes.

There are 165 pending sales, which speaks to a good solid volume of activity. However, with an average number of days on the market of 34, I would describe things as moving at a steady, but not frantic, pace.

Here are a few of the new listings for this week.

1565 CHURCH HILL PL #1565. 2BR, 1.5BA. List Price: $315,000. Open Sunday

1581 POPLAR GROVE DR. 3BR, 2.5BA. List Price: $379,000. Open Sunday

2216 GLENCOURSE LN. 3BR, 2FB, 2 HB. List Price: $439,000. Open Sunday

11121 LAKE CHAPEL LN. 4BR, 3.5BA. List Price: $740,000. Open Sunday

1560 MOORINGS DR #1A. 1BR, 1BA. List Price: $219,000. Open Sunday

11186 FOREST EDGE DR. 3BR, 2.5BA. List Price: $417,900 Open Sunday

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Reston Real Estate: Just Listed

Reston Real Estate: Just Listed

This is a sponsored post by Eve Thompson of Reston Real Estate.

The Reston real estate market is turning quickly, with property coming on and off the market at a nearly even pace.

This week we had 41 new properties come on the market and 36 go from Active to Pending. The past 30 days we’ve had 101 properties sell, which leaves us with a three-month supply of housing inventory.

Here are a few of the new listings for this week.

1657 PARKCREST CIR #101. 1BR, 1 BA. List Price $220,000. Open Sunday.

11569 LAKE NEWPORT RD. 4BR, 3.5BA. List Price $1,545,000. Open Sunday.

12025 CREEKBEND DR. 4BR, 4.5BA. List Price $975,000. Open Sunday.

10704 MIDSUMMER DR. 4BR, 2.5BA. List Price $825,000.

1937 SAGEWOOD LN. 2BR, 2BA. List Price $349,000. Open Sunday.

11759 NORTH SHORE DR. 3BR, 3.5BA. List Price $499,900.

Visit Reston Real Estate for more listing information.

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Reston Real Estate: Just Listed

Reston Real Estate: Just Listed

This is a sponsored post by Eve Thompson of Reston Real Estate.

The real estate market in Reston continues its fast pace with 54 properties coming on the market and 33 going from Pending to Sold in the same seven-day period. Inventory has dropped to just under a two months’ supply of homes.

As always, we have a wide range of homes for sale with 13 properties from $1 million to $1,795,000 at the upper end of the market and 169 properties coming in at $500,000 or less. Our least expensive property is a studio condominium at Thoreau Place for $89,800.

Here are a few of the new listings for this week.

1967 LAKEPORT WAY. 3BR, 2.5BA. List Price: $890,000

12252 ANGEL WING CT. 5BR, 2.5BA.List Price: $499,900

1617 INLET CT. 4BR, 2.5BA. List Price: $695,000

1550 CHATHAM COLONY CT. 3BR, 3.5BA. List price: $439,000

1201 WILD HAWTHORN WAY. 3BR, 2FB, 2HB. List Price: $583,900

1634 POPLAR GROVE DR 2BR 2 Bath List Price $375,000

 

 

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Reston Real Estate: Just Listed

Reston Real Estate: Just Listed

This is a sponsored post by Eve Thompson of Reston Real Estate.

There were 34 new properties that came on the market in Reston this past week. In that same period 36 went under contract.  Nice, solid activity especially since today is the first day of spring.

Here are a few of the properties that are new to the market this week.

12037 LAKE NEWPORT RD. 5BR, 3.5BA. List Price $739,500.00. Open Sunday

12099 EDGEMERE CIR. 3BR, 3.5 BA. List Price $570,000

1591 INLET CT. 3BR, 2.5 BA. List Price $525,000. Open Sunday

11417 GREAT MEADOW DR. 4BR, 3.5 BA. List Price $790,000. Open Sunday

10815 CROSS SCHOOL RD. 3BR, 3BA. List Price $695,000

1541 CHATHAM COLONY CT. 4BR, 2FB, 2HB. List Price $440,000

Click here for more information on Reston Real Estate.

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