Reston, VA

This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.

The real estate market in Reston slowed just a bit over the past few weeks.

Buyers are not in a rush and days-on-market has stretched out a bit to an average of 36 days. Low interest rates and constrained inventory should have the impact of shorter days on market and can drive home prices up; but that’s not what we’re experiencing.

Buyers are taking things slowly and seem to know that if they miss out on one house there will be another around the corner and that is not untrue. What is harder to predict is interest rates; what we can say about them that even with a 1 point bump they’re still incredibly favorable.

Here are a few of the properties that have sold in the past several weeks.

2133 Cabots Point Lane
3 BR/2.5 BA
List Price: $974,900
Sold Price $974,900

 

 

1606 Chimney House Road
1 BR/1 BA
List Price: $249,000
Sold Price: $216,900

 

 

11719 Blue Smoke Trail
4 BD/2.5 BA
List Price: $849,900
Sold Price: $850,000

 

 

2224 Cartwright Place
3 BD/2.5 BA
List Price: $349,000
Sold Price: $349,000

 

 

1637 Stowe Road
4 BD/ 4 BA
List Price: $689,000
Sold Price: $675,000

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This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.

I don’t usually subscribe to the notion that there are good months and bad months to sell a home.

People have to move every day for a wide variety of reasons, but even I have to admit that the week running up to Labor Day is pretty darn sleepy.

That being said, 103 properties have changed hands in the past 30 days. We still have very limited inventory with just 170 houses on the market. The average days on market is 36. We should begin to see inventory climb as we move into the fall market.

Here are a few of the recent sales in Reston real estate.

12079 Kinsley Place
3 BR/3.5 BA
List Price: $995,000
Sold Price: $977,500

 

 

1277 Lamplighter Way
4 BR/3.5 BA
List Price: $789,000
Sold Price: $789,000

 

 

2143 Cabots Point Lane
3 BR/2.5 BA
List Price: $950,000
Sold Price: $925,000

 

 

11400 Washington Plaza #804
1 BR/1 BA
List Price: $210,000
Sold Price: $200,000

 

 

1563 Church Hill Place
2 BR/1.5 BA
List Price: $324,900
Sold Price: $325,000

 

 

2318 Glade Bank Way
3 BR/2.5 BA
List Price: $389,900
Sold Price: $384,000

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This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.

Reston real estate continues to be strong in spite of August being a little sleepy.

Inventory is painfully low with just 188 active listings on the market. Hopefully we’ll see more houses enter the market after the Labor Day holiday as people get ready for the fall market.

Year-To-Date sales in Reston are strong. 856 properties have changed hands with a total value $416 million. Typical of Reston, the house prices range from a low of $124,000 to a high of $1,400,000.

Here are a few of the houses that sold this past week.

2318 Glade Bank Way
3 BR/2.5 BA
List Price: $399,900
Sold Price: $384,000

 

 

11539 Pine Cone Court
3 BR/2 BA, 2 half bath
List Price: $484,500
Sold Price: $450,000

 

 

11404 Gate Hill Place #B
2 BR/2 BA
List Price: $359,900
Sold Price: $366,000

 

 

11990 Market Street #2002
3 BR/3 BA
List Price: $1,400,000
Sold Price: $1,400,000

 

 

11701 Newbridge Court
4 BR/3.5 BA
List Price: $565,000
Sold Price: $571,000

 

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This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.

We’ve been acting like it’s summer and been a little slack in getting the weekly numbers out — we’re going to put on our serious face and do better.

So, here’s how the sales in Reston have been this past month. We continue to have low inventory with just 201 active listings. Settled transactions in the same time period were 135, so that means we have about 1.4 months’ worth of housing inventory; meaning that in theory, if no more houses came on the market we’d sell all of the available stock of houses in 1.4 months.

Here are some of the recent sales in Reston.

10753 Blaze Drive
4 BR/4.5 BA
List Price: $1,075,000
Sold Price: $1,050,000

 

 

1550 Northgate Square #12B
2 BR/1 BA
List Price: $249,000
Sold Price: $255,000

 

 

2020 Mock Orange Court
4 BR/2.5 BA
List Price: $799,000
Sold Price: $799,000

 

 

2359 Paddock Lane
4 BR/3 BA
List Price: $649,900
Sold Price: $681,000

 

 

11539 Maple Ridge Road
3 BR/2.5 BA
List Price: $499,900
Sold Price: $510,000

 

 

1509 Chatham Colony Court
4 BR/3.5 BA
List Price: $454,700
Sold Price: $440,000

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This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.

This past week in the world of Reston real estate we had 28 houses go to settlement and another 48 house go under contract.

Across the region housing inventory is very limited and Reston is no exception with just 212 houses on the market.

Here are a few of the houses that went under contract this past week:

11114 Harbor Court
2 BR/2.5 BA
List price: $524,999
Sold Price: $525,000

 

 

1566 Harpers Cove Lane
5 BR/3.5 BA
List Price: $835,000
Sold Price: $835,000

 

 

12108 Quorn Lane
4 BR/3.5 BA
List Price: $605,900
Sold Price: $605,900

 

 

1646 Stowe Road
4 BR/3.5 BA
List Price: $669,000
Sold Price: $639,000

 

 

11020 Ring Road
4 BR/3.5 BA
List Price: $630,000
Sold Price: $632,000

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This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.

56 properties changed hands in the past 10 days and another 38 properties went under contract.

The average days on market is pretty steady at 24. More than half the properties which sold went under contract in 10 days or less, so things are moving a good clip. At the current pace, homes sales will out strip available inventory in about 1.3 months.

Every week I talk about the importance of coming on the market at a price that really drives the buyers to take action. It’s important to remember that everyone has access to the same information, buyer’s know the comparable home sales so coming on high won’t help sellers.

On the other hand, if you’re coming on the market on the low side you want to be sure your agent is taking steps to build interest in your property in order to drive your price up to the true market value.

Here are a few of the properties that sold in Reston over the past 10 days:

11114 Harbor Court
2 BR/1 BA
List Price: $524,999
Sold Price: $525,000

 

 

12001 Market Street #476
2 BR/1 BA
List Price: $320,000
Sold Price: $315,000

 

 

11416 Fairway Drive
4 BR/3 BA
List Price: $575,000
Sold Price: $ 576,258

 

 

2315 Rosedown Drive
4 BR/3.5 BA
List Price: $565,000
Sold Price: $589,000

 

 

1936-B Villaridge Drive
2 BR/1 BA
List Price: $299,900
Sold Price: $302,000

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Just Sold

There were 19 homes that went from Pending to Sold this past week. The sales ranged in price from $725,000 to $199,000, with an average list price of $414,255 and were on the market for an average of 44 days before going under contract.

In that same period, 22 houses went from Active to Pending with an average days on market of just 25.

Total number of home for sale in Reston is 227 —  or just under a three-month supply of inventory. None of this is a surprise as we’re fully into our spring market and things in Reston are busy!

Here are a few of the homes that sold this week in Reston:

2103 Thomas View Road. 4BR, 2.5BA. List Price: $609,900. Sold Price: $616,000. Seller Subsidy: $0

2125 Golf Course Drive. 3BR, 2.5BA. List Price: $369,500. Sold Price: $365,000. Seller Subsidy: $5,500

1347 Garden Wall Circle. #612. 2BR, 1BA. List Price: $255,000. Sold Price: $255,000. Seller Subsidy: $3,500

11408E Gate Hill Place #117. 2BR, 2BA. List Price: $405,000. Sold Price $309,000. Seller Subsidy: $5,000

1439 Greenmont Court. 2BR, 2.5BA. List Price: $399,950. Sold Price: $399,950. Seller Subsidy: $7,500

12000 Market Street. #189. 3BR, 2BA. List Price: $529,000. Sold Price: $518,000. Seller Subsidy: $0

Visit Reston Real Estate for more listing and sales information.

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Just Sold in Reston

Just Sold

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

This week in Reston, 23 properties went from pending to sold. They ranged in price from $897,000 to $210,000 and collectively had an average days on market of 35.

In Reston we’re selling more houses — much faster than they were in the fall of 2014.

Here are a few of the houses that sold last week.

2077 Cobblestone Lane. 3BR, 3.5 BA. List Price $585,000. Sold Price $585,000. Seller Subsidy $7,500

2069 Royal Fern Court #12B. 2BR, 1 BA. List Price $210,000. Sold Price $210,000. Seller Subsidy $0

1537 Inlet Court. 4BR, 2.5 BA. List Price $434,500. Sold Price $474,500. Seller Subsidy $8,000

11063 Saffold Way. 4BR, 3.5 BA. List Price $429,900. Sold Price $429,900. Seller Subsidy $7,500

11730 Summerchase Circle #1730. 2 BR, 1 BA. List Price $255,000. Sold Price $255,500. Seller Subsidy $7,665

1315 Dasher Lane. 6BR, 4.5 BA. List Price $897,450. Sold Price $893,000. Seller Subsidy $0

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Just Sold in Reston

Just Sold

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

Reston’s real estate market saw 18 homes go from Pending to Sold in the past 10 days. For all the fretting about a slower market over the summer, year-to-date sales are on track for a very solid 2014 in Reston real estate.

To date, 766 properties have sold–based on our quarterly averages we should see over 1000 homes sold by the end of the year. Here are a few of the ones that sold this past week.

  • 11817 GREY BIRCH PL. 3BR, 2.5 BA. List Price, $650,000; Sold Price, $650,000. Seller Subsidy, $3,750
  • 2204 COPPERSMITH SQ. 3BR, 3.5 BA. List Price, $379,000; Sold Price, $370,000. Seller Subsidy $888
  • 11002 HOWLAND DR. 4BR, 2.5 BA. List Price, $479,900. Sold Price, $479,900. Seller Subsidy $5,000
  • 11218 WEDGE DR. 4BR, 3.5 BA. List Price, $760,000; Sold Price, $742,000
  • 1599 AUTUMN RIDGE CIR. 3BR, 3.5 BA. List Price, $439,900; Sold Price, $440,000. Seller Subsidy $7000
  • 12012 TALIESIN PL #16. 2BR, 1.5 BA. ListPrice, $334,900; Sold Price, $330,000
  • 1650 BENNINGTON HOLLOW LN. 3BR, 2 FB, 2 HB. $674,900; Sold Price, $662,000
  • 2325 HARLEYFORD CT. 3BR, 2.5 BA. List Price, $385,000; Sold Price, $370,000
  • 1717 WAINWRIGHT DR. 4BR, 2.5 BA. List Price, $369,900; Sold Price, $350,000
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Reston Real Estate: Just Sold

Just Sold

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

The mini slowdown we experienced this summer is showing up in the weekly Just Sold report with just eight properties going from PENDING to SOLD this week in Reston.  Average Days on market for this little group is 24, which doesn’t seem too bad — until you look at the way we count days on market.

When you put your house on the market, the multiple listing system keeps track of how many days it takes for your property to sell. But let’s say you put your house on the market and after 60 or 90 days it doesn’t sell, so you decide to change real estate agents.

Your new agent will create a new listing record for your house — the days on market counter is reset to 0, but there is a new counter called days on market property that keeps track of how long that property has been on the market regardless of what agent has the listing. When we look at the property counter we see the average for this group is actually 64.

That’s a lot of days to have to get up and have your house in ready-to-show condition.

The common thread in these houses that sat on the market a longest time is that the difference between their original list price and their final sold price was significant. Getting your house priced right when the market is in transition is hard; it takes a lot of honest dialogue between agent and client to adjust course quickly if your property isn’t getting enough activity to get it sold.

Here are the 8 properties that sold this week:

  • 12105 PURPLE SAGE CT N: 3BR, 1.5 BA. List Price $314,995; Sold Price $300,000
  • 2161 CABOTS POINT: 3BR, 3 BA. List Price $624,900; Sold Price $590,000 Seller Subsidy $8,000
  • 1560 TRAILS EDGE LN: 5BR, 3.5 BA. List Price $775,000; Sold Price $692,000 Seller Subsidy $10,000
  • 2334 ANTIQUA CT: 3BR, 3.5 BA. List Price $335,000; Sold Price $327,000 Seller Subsidy $8,000
  • 2417 ALSOP CT: 3BR, 2.5 BA. List Price $399,000; Sold Price $392,000 Seller Subsidy $3,925
  • 11939 RIDERS LN: 4BR, 3 Full 2 Half BA. List Price $878,000 Sold Price $878,000
  • 1413 NORTHGATE SQ: 3BR, 2 BA. List Price $309,000; Sold Price $289,000 Seller Subsidy $2,300
  • 2143 GREENKEEPERS CT: 3BR, 2 BA. List Price $469,000; Sold Price $460,000 Seller Subsidy $3,000
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Just Sold in Reston

Just Sold

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

The just sold for this past week fell to its lowest number in more than 12 months. The number of properties going from Pending to Sold was a mere 23, reflective of the sluggish activity we experienced in Reston in the early Summer. Properties going from Active to Pending for the same period was 33.

Here are a few of the properties that sold in Reston this week.

11405 HOOK RD. 4BR, 3.5 Baths — Listed at $650,000. Sold at $650,000.

11706 INDIAN RIDGE RD. 4BR,  2.5 Baths — Listed at $499,000. Sold at $495,000.

11288 FAIRWIND WAY. 3BR, 2.5 Baths — Listed at $486,900. Sold at $477,000.

1423 CHURCH HILL PL #1423. 2BR, 1.5 Baths — Listed at $300,000. Sold at $290,000.

10713 CROSS SCHOOL RD. 4BR, 3.5 Baths — Listed at $799,000. Sold at $800,000.

12009 TALIESIN PL #32. 2BR, 2 Baths — Listed at $369,500. Sold at $359,50 .

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Just Sold in Reston

Just Sold

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

There were 22 properties that went from pending to sold this week in RestonWith 243 properties for sale at here, we’re still only carrying about 2.5 months of housing inventory.

While these numbers would indicate a “Seller’s Market,” the behavior of the buyers is still sluggish for many types of properties.  If you have a well-priced single family home with a 4 bedrooms and 3.5 baths you’ll probably be sporting a sold sign before you know it. Other types of property might take a little more patience.  

Here are a few of the properties that sold this week.

  • 11809 Triple Crown Road. Listed at $875,000; Sold at $875,000
  • 1599 Stowe Road. Listed at $819,000; Sold at $810,000
  • 11967 Heathcote Court. Listed at $399,900; Sold at $398,000 ($10,000 to buyer in closing cost)
  • 1575 Church Hill Place. Listed at $319,900; Sold at $310,000 ($1,000 to buyer in closing cost)
  • 12027 Insha Court. Listed at $399,900; Sold at $360,000
  • 1625 Parkcrest Circle #301. Listed at $249,900; Sold at $240,000
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Just Sold in Reston

Just Sold

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

This past week, 19 properties in Reston went from a pending to sold status. We added 37 new listings in the same time period. With 250 properties on the market, we’re now looking at just over three months of housing inventory — a little more of a neutral market- — not strongly favoring the buyers or the sellers.

Here are a few of the houses that sold this week in Reston.

  • 1596 NORTH VILLAGE RD. Listed at $1,250,000; Sold for $1,255,000
  • 11637 QUAIL RIDGE CT. Listed at $725,000; Sold for $710,000
  • 1648 WATERS EDGE LN. Listed at $729,000; Sold for $725,000
  • 11597 MAPLE RIDGE RD. Listed at $399,500; Sold for $399,500
  • 1400 PARK GARDEN LN. Listed at $549,000; Sold for $530,000
  • 11725 GREAT OWL CIR. Listed at $439,000; Sold for $454,000
  • 2200 CASTLE ROCK SQ. Listed at $215,000; Sold for $212,000
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Just Sold

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

There were 31 properties sold this week in Reston.

In my Just Listed column last week, I mentioned that we were adding properties at about the same rate as we were selling them.

The current inventory of home is 242 — at the rate those home are being sold we currently have about a two-month supply. This is still a very strong seller’s market, although the slowing increasing days on market does indicate that things aren’t quite as fast as they were a few months ago.

The exception to this would be in the single family homes priced in the mid-$500K to mid-$600K range, where they continue to move very fast.

Here are some of the properties that sold in Reston this week:

11990 MARKET ST. #312. List Price: $749,900. Sold Price: $740,000.

1210 WOODBROOK CT. List Price: $650,000. Sold Price: $640,000.

12368 BROWN FOX WAY. List Price: $640,000. Sold Price: $641,500.

1542 MOORINGS DR #1C. List Price: $280,000. Sold Price: $280,000.

11768 BAYFIELD CT. List Price: $374,500. Sold Price $370,000.

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Just Sold in Reston

Just Sold banner

This is a sponsored post from Michael Burns of RE/MAX Allegiance. The Just Sold column runs Mondays on Reston Now.

Here are some recently sold listings in Reston. For an update on current market conditions in Reston, see the market update below.

  • 11180 Glade Drive. 3 BR, 2.5 BA TH. List price: $585,000. Sold price: $590,000
  • 1951 Sagewood Lane, #12. 1 BR, 1 BA Condo. List price: $139,900. Sold price: $130,000
  • 2241 Castlerock Square, #11c. 3 BR, 2 BA Condo. List price: $215,000. Sold price: $213,000
  • 1314 Garden Wall Court, #210. 2 BR, 2 BA Condo. List price: $307,000. Sold price: $307,000
  • 1516C Summerchase Circle. 2 BR, 2 BA Condo. List price: $264,900. Sold price: $264,900
  • 12090 Chancery Station Circle. 2 BR, 2 FB, 3 HB TH. List price: $950,000. Sold price: $950,000
  • 1610 Barnstead Drive. 3 BR, 1 FB, 2 HB TH. List price: $369,900. Sold price: $380,000
  • 1951 Sagewood Lane #122. 1 BR, 1 BA Condo. List price: $135,000. Sold price: $130,000
  • 1920B Villaridge Drive. 1 BR, 1 BA Condo. List price: $215,000. Sold price; $213,000

Current Reston Market Conditions

There are currently 211 properties for sale in Reston, and 161 properties under contract.  The ratio (1.31) is very favorable for sellers, and has decreased from last week.

This ratio can be very different across different price points too. For example, the ratio in the $1 million plus price range is much higher (13.0). Furthermore, additional trends can emerge across property types (single family detached, townhouse, condo) and zip codes (20190,20191, and 20194).

If you are thinking about selling your house, or would just like to know the more relevant ratio for your property, simply click here to fill out this short form and we will send the information to you within 24 hours.

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