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!

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

The Reston market remains strong with little indication that things will ease up anytime soon. Drivers in our market continue to be a dire lack of inventory; even given the holiday season housing inventory is very, very low.

There are 59 properties listed as Active in Reston, and of those only 4 are single family homes and 21 townhouses. The remaining listings are condos, which continue to move at a somewhat slower pace.

Buyers and sellers best positioned to take advantage of the market are those seeking to sell a single family or townhouse, who want to turn around and purchase a condo.

Here is a list of a few of the newer listings in Reston this week.

• 11707 Newbridge Court — 4 BD/3.5 BA — $595,000
• 1682 Wainwright Drive — 5 BD/3 BA — $785,000
• 11042 Saffold Way — 3 BD/2 BA, 2 half bath — $549,900
• 11800 Sunset Hills Road #819 — 1 BD/1 BA — $359,900
• 11301 Reston Station Boulevard — 3 BD/4 BA — $1,075,000

For information on great Reston neighborhoods or if you would like a free valuation of your home, please feel free to contact me.

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

The market continues to move at an extremely fast pace, leaving many buyers feeling like they will never snag the golden ring of a ratified sales contract. Buyers are waiving all kinds of protections to be the winning offeror.

Buyers: Your best bet is to be ready. Get all your paperwork into your lender so the only thing needed is a ratified sales contract. Work with your agent to hone in on location first and then focus on properties. In the end, location is the thing you can’t change.

Move quickly. When you find one that fits, write the offer! This market is really hard for people who have a slower decision-making process. If you are in this category, do lots of homework. Look at lots of property online, go to open houses and understand the finances. This way when you find one you like you feel more prepared to make the offer.

Here is a list of a few of the new listings in Reston this week:

• 1403 Newport Spring Court — 3 BD/3.5 BA — $550,000 — Open Sunday
• 2337 Lovedale Lane #411B — 2 BD/2 BA — $374,990 — Open Sunday
• 2337 Colts Brook Drive — 4 BD/3.5 BA — $669,900
• 1930 Upper Lake Drive — 4 BD/3 BA — $1,695,000 

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

Limited housing inventory continues to be the watchword, though the large number of properties added in the past week with a status of Coming Soon may indicate that things will be losing up soon.

There were 13 new listings this past week in Reston for a total of 68 active listings. The market is very active with 37 properties going under contract and 18 being added to the market in a “Coming Soon” status.

Here are few of the new listings this week in Reston.

• 11705-C Summerchase Circle — 1 BD/1 BA — $235,000
• 1258 New Bedford Lane — 5 BD/5 BA — $1,599,000
• 11900 Moss Point Lane — 3 BD/3 BA — $699,900

A few to watch out for that are in Coming Soon Status:

• 1846 Golf View Court — 4 BD/2 BA — $615,000
• 1829 Ivy Oak Square — 3 BD/2 BA — $419,900

For information on great Reston neighborhoods, or if you would like a free valuation of your home please feel free to contact me.

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.

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

With record low interest rates and people clamoring for a little more space, the Reston housing market wants to be soaring… wants to be… but is not. Why?

Well, there is very, very little to sell. There are currently just 73 active listings and only two of those are single-family homes. There are 10 properties listed as coming soon.

If you are thinking about selling, now is the time. This is especially true if you are looking to downsize. People who are ready to shed their large homes for something smaller can cash in on equity and then turn around to buy something smaller. Interest rates are so favorable that mortgages are as low or lower than the cost of a nice rental in Reston.

Here’s a look at a few of the new listings in Reston:

• 1605 Apricot Court — 3 BD/3.5 BA — $650,000
• 1618 Chimney House Road — 2 BD/1 BA — $379,900
• 11586 Woodhollow Court — 3 BD/3.5 BA — $514,900
• 11582 Breton Court — 3 BD/2.5 BA — $419,900

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

There have been a lot of new properties added to the Reston real estate market in the past 10 days as people gear up for the fall market.

Reston has 177 fully active properties on the market and 8 in a coming soon status. At the rate properties are going under contract that leaves us with 1.4 months of housing inventory. Interest rates are still at historic lows and the unemployment rate in Reston is sitting at 2.5%. All of these factors add up to a solid market.

Here are a few of the new listings in Reston.

• 1634 Oak Spring Way, 3 BR/3.5 BA — $500,000
• 11776 Stratford House Place #704, 2 BR/2 BA — $575,000
• 2503 Charlestown Lane, 4 BR/3 BA — $639,900
• 11268 Fairwind Way, 3 BR/3 BA — $579,900
• 11564 Rolling Green Court #100, 2 BR/2 BA — $300,000
• 11966 Heathcote Court, 3 BR/2.5 BA — $415,000

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

There are just 184 properties on the market in Reston today.

The market is generally very active with 142 properties in a pending status that are making their way through the settlement process. Days on market for pending property is short, averaging just 12 days. For property in an active status the picture is much different. 25% of the housing inventory has more than 100 days on the market.

If you have a property that’s been hanging around it’s time to ask your agent for a new set of comparables, chances are you’ve come on to the market too high to drive buyer interest.

Here are a few of the new houses to hit the market this week.

• 1630 Oak Spring Way, 3 BR/3.5 BA — $499,999
• 1690 Moorings Drive, 5 BR/3.5 BA — $660,000
• 2520 Freetown Drive, 4 BR/2.5 BA — $575,000
• 1953 Weybridge Lane, 4 BR/ 3 BA — $699,900
• 2237 Lovedale Lane Unit D, 2 BR/2 BA — $289,900
• 2408 Ansdel Court, 4 BR/2 BA — $475,000

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

The real estate market in Reston is holding steady with low inventory and strong demand.

Our numbers at this mid-year mark are looking good. We’ve sold slightly fewer homes than this same time last year with 677 this year vs. 721 in 2018; but things are generally very strong.

There are 201 active listings on the market and another 8 in a “Coming Soon” status. The average-days-on-market for active listings is 56 days, which is way above the average for property in a “Pending” status which is just 24.

The driver for a quick sale is always the price. Price is every seller’s best tool for generating action from buyers. Be the best priced, best presented item in your category and you will shorten your days on market, reduce your carrying costs and maximize your bottom line.

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

• 11938 Barrel Cooper Court, 3 BR/2.5 BA — $394,900
• 1651 Cedar Hollow Way, 4 BR/3.5 BA — $635,000
• 2429 Alsop Court, 4 BR/2.5 BA — $469,900
• 11769 Indian Ridge Road, 4 BR/3.5 BA — $549,900
• 1951 Sagewood Lane #509, 2 BR/2 BA — $169,000

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

We’ve got 206 fully active properties on the market in Reston.

They range in price from $199,000 for a cute 1 bedroom, 1 bath Northgate Square condo in a great walk-able Lake Anne neighborhood, to $1,750,000 for a stunning 14th floor Stratford House Place unit with amazing views looking up Reston Town Center’s main drag to the Blue Ridge mountains beyond.

Properties are generally selling quickly. Average days on market for properties in a pending status, (those that are under contract), is just 17 days; more than half of those pending properties went under contract in a mere 7 days.

If you’ve got something on the market that’s not selling, or worse, not getting showings, it’s time to have a heart to heart with your agent. Ask them to reevaluate list price and then listen and act on that professional opinion.

Here are a few of the new listings in Reston. I thought I might try something different with the “just list listed” so today we’re focusing on new listings priced at less than $350,000.

• 1422 Church Hill Place, 2 BR/2 BA — $325,000
• 11400 Washington Plaza W #1101, 1 BR/2 BA — $289,000
• 11112 Beaver Trail Court, 1 BR/1 BA — $269,999
• 1650 Chimney House Road, 1 BR/1 BA — $249,000
• 2031 Royal Fern Court #22B, 2 BR/1 BA — $225,000
• 11823 Breton Court #2B, 2 BR/1 BA — $222,500

If you have questions about the current value of your home or if you’d like ideas about getting it ready to sell, feel free to call or email me.

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

Last week’s “Just Sold” noted a brisk uptick in closed and pending transactions — this week fewer new properties were added to the market, meaning  that new listings are not keeping pace with the sold listings.

It will be interesting to see how this impacts the market. Normally when demand for a product surpasses the supply you’d expect to see prices increase. While we are seeing escalation clauses and “over-list” offers, sellers that come on the market with their prices set high are not moving.

The average days on market for closed transactions is 24 days. If you’ve got a house on the market that’s been sitting for more than 30 days it’s probably safe to say that you’ve not found that nexus of price vs. condition that signals to the buyer — “make an offer now, this one won’t last!”

Here are a few of the new listings in Reston:

• 1521 Church Hill Place, 1 BR/1.5 BA — $325,000
• 11957 Grey Squirrel Lane, 6 BR/3.5 BA — $865,000
• 11500 Fairway Drive #402, 1 BR/1 BA — $299,900
• 11990 Market Street #1411, 2 BR/2 BA — $710,000
• 11293 Spyglass Cove Lane, 4 BR/3.5 BA — $849,900
• 2001 Turtle Pond Drive, 3 BR/2.5 BA — $699,000

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

There’s lots of activity in the Reston real estate market.

The new listings are staying even with the pending/sold listing which has our housing inventory holding fairly steady at just under 200.

Of the 35 properties that were listed for sale in the past week, 20 plus will be hosting Open Houses this weekend so if you’re in the market or, if you just like looking at houses there are a lot to see. Prices are ranging from 1.7 million in Reston Town Center to $199,900 in Northgate Square.

Here are some of the properties to hit the market this week:

• 1661 Poplar Grove Drive, 2 BR/1.5 BA — $379,500
• 1264 Vintage Place, 3 BR/2.5 BA — $474,888
• 2404 Bugle Lane, 4 BR/3 BA — $720,000
• 12015 Aintree Lane, 5 BR/3 BA — $764,800
• 1566 Goldenrain Court, 3 BR/3.5 BA — $429,900

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

The Reston market is moving at a really brisk pace.

It’s a great time to sell, if you’re buying it’s a little more challenging. In either case the key to success is being ready. If you’re selling do all that you can to get your house ready. If you’re buying get your paperwork in order with your lender so you can get qualified quickly.

Here are a few newcomers to the Reston real estate market:

• 1536 Brookshire Court, 2 BR/2 BA — $419,000
• 1700 Beaver Circle, 3 BR/2.5 BA — $649,900
• 2440 Ridgehampton Court, 3 BR/2 BA — $349,900
• 12301 Scotch Bonnet Court, 5 BR/3 BA — $474,900
• 1331 Vintage Place, 2 BR/3.5 BA — $465,000
• 1252 Wedgewood Manor, 3 BR/3.5 BA — $579,000

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

The spring market is upon us!

Inventory is low but new listings are generally keeping pace with property going under contract. The middle of the market from 475k-675k is super active and days on market is dropping.

I know I say this every, single week — but it bears repeating. If you are selling your property, the speed of this market is not driving crazy price escalations. If you want to see multiple contracts you should try to come on the market just a little bit on the lower side of your range. That is your very best chance of getting multiple offers with favorable terms.

Status: Pending Sales Past 10 Days

Here are some of the new houses to hit the market:

• 11401 Drop Forge Lane 4 BR/2.5 BA — $699,000 
• 2032 Beacon Heights Drive, 3 BR/3.5 BA — $1,075,000 
• 1508 Roundleaf Court, 3 BR/3.5 BA — $499,800
• 11400 Washington Plz W, 1 BR/1 BA — $230,000 
• 1509 North Point Dr #102, 2 BR/2 BA — $315,000

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

Inventory is finally creeping up – slowly, but new listings are finally starting to hit the market.

Reston has 171 properties on the market, not robust but on the rise. The market remains stubbornly price sensitive; listings perceived by buyers to be over-priced will sit, while those coming in right at the market price will get multiple offers, often going above list price but not by huge amounts.

The cautionary tale to sellers, you need to be the best priced, best presented item in your category. You can be a “fixer” but try to be as well presented as you possibly can be, and get to the right price!

Here are some new listings in Reston this week.

• 11148 Beaver Trail Court, 1 BR/1 BA — $255,000
• 2424 Ansdel Court, 3 BR/2.5 BA — $439,000
• 11434 Hollow Timber Court, 3 BR/3.5 BA — $659,900
• 11469 Washington Plaza W, 3 BR/2.5 BA — $579,500
• 11769 North Shore Drive, 3 BR/3.5 BA — $530,000
• 16000 Brandon Hill Way, 4 BR/3.5 BA — $725,000