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 past 10 days saw 23 Reston properties make it to a successful settlement and another 47 properties go under contract.

In that same period of time we added 57 new listings plus 6 are showing as “Coming Soon.” We’re adding a few more to the market than we’re selling but not by much; total inventory of houses for sell is still under 200.

Of those 200 houses currently on the market more than half are condominiums. The single family market in Reston is very constrained with just 29 properties currently on the market; 62 townhouses round out the balance of the housing inventory.

Prices of the properties that went under contract or sold in the past 10 days ranged from a $175,000 condo to a $1,195,000 single family home — Reston really does have something for every home buyer’s budget.

Here are some of the recent sales:

1386 Cameron Heath Drive
4 BR/3.5 BA
List Price: $1,250,000
Sold Price: $1,195,000

 

 

11315 Handlebar Road
4 BR/3.5 BA
List Price: $749,000
Sold Price: $740,000

 

 

2042 Royal Fern Court #1B
2 BR/1 BA
List Price: $230,000
Sold Price: $238,000

 

 

11233 Silentwood Lane
2 BR/1.5 BA
List Price: $374,900
Sold Price: $374,900

 

 

1629 Parkcrest Circle 
2 BR/2 BA
List Price: $278,500
Sold Price: $275,000

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.

Buyers are feeling the pinch of the limited housing inventory — especially in the middle price range of the market.

Days on market is averaging 19 with lots and lots of properties going in just 2 or 3 days. Escalation clauses are making a comeback as buyers struggle to position their offers as “the best” among many.

So, what can a buyer do to stand out in a crowd?

Here are a few things that can help:

• Have your financing in order. Get prequalified by a well-known (I prefer “brick & mortar”), lender. Have your letter in-hand ready to go.
• Focus on property that has been on the market for a while. In this market if a property has been on the market for 10+ days, it’s likely overpriced. Time usually softens a seller’s view on the value of their property.
• Make your home inspection for informational purposes only. This may sound scary but you’ll retain your right to void your contract if you find something wrong. Many sellers will become negotiable once they see the results of an inspection.
• Be ready to move fast — have your agent set up “auto-searches” for your target neighborhoods and be ready to go see houses as soon as they hit the market.
• Don’t abandon common sense. Be reasonable, be patient, it will happen eventually.

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

Sold & Pending Sale — Past 10 Days

11326 Bright Pond Lane
5 BR/ 3.5 BA
List price: $999,000
Sold Price: $999,000

 

 

2229 Cedar Cove Court
3 BR/3.5 BA
List Price: $590,000
Sold Price: $592,000

 

 

2270 Wheelwright Court
3 BR/2 BA, 2 half bath
List Price: $473,000
Sold Price: $469,900

 

 

1553 Brookshire Court
3 BR/2 BA
List Price: $400,000
Sold Price: $412,000

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.

It was a busy weekend in Reston Real Estate.

Lots of buyers are in the hunt for new homes. Limited inventory has created some interesting dynamics. Open house traffic has been enormous and many agents are reporting multiple contracts on their listings.

This has not created crazy price increases; as you can see in the chart below, property is generally selling very close to its list or “last” list price. The exception to this price/inventory dynamic is at the mid-range of the market. Townhouses that are price under 500 and especially in the mid-400 range are very competitive.

My advice to sellers no matter what price their property; come on the market right at the market price, based on recent sales and you’ll have greater control of the selling process. Going on the market high thinking you need “room to negotiate” will only result in extra days on market and ultimately less cash in your pocket.

Sold Past 30 Days — Reston

Here are few of the homes that settled recently in Reston:

11041 Saffold Way
4 BR/2.5 BA
List Price: $ 440,000
Sold Price: $450,000

 

 

2604 Mountain Laurel Place
4 BR/2 BA, 2 half bath
List Price: $699,900
Sold Price: $595,000

 

 

12369 Lima Lane
4 BR/3.5 BA
List Price: $659,000
Sold Price: $662,000

 

 

1601 Purple Sage Drive
2 BR/1.5 BA
List Price: $370,000
Sold Price: $375,000

 

 

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’s housing inventory is holding steady at 117 properties. The past 30 days saw a drop in the number of settlements which is consistent with the holiday season just past.

What is really interesting is looking at the properties in a “Pending” status. These are homes that have sold in the last 30 days that are making their way through the sales process. What’s interesting about this group of pending properties is their average “Days on Market” is 18 compared to an average of 63 for the houses in a “SOLD” status over the same 30 day period.

What this tells us is that demand is on the increase, good news for those considering listing their homes for sale.

If you are thinking of selling — take these simple steps to shorten your days on the market and maximize your sales price. And don’t forget to go through your pre-listing cleaning checklist.

• Purge, purge, purge. If it’s not something you’re taking with you to your new home, get rid of it now.
• Clean, clean, clean. After you get rid of your excess abundance, make it clean as you can. Clean it from top to bottom — light switches, light fixtures, door jams, base boards. It’s the least expensive thing a home seller can do to help get their home sold.
• Get to the right price. Even in a fast moving market you have to be at the right price. Every home on the market has a sweet spot that says “this is the right price for the condition and updates of this home.” Don’t leave a lot of room in your price; it just encourages buyers to wait.

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

11520 Underoak Court
3 BR/2.5 BA
List Price: $399,000
Sold Price: $405,000

 

 

2158 Golf Course Drive
3 BR/3.5 BA
List Price: $475,000
Sold Price: $475,000

 

 

1662 Valencia Way
3 BR/3.5 BA
List Price: $420,000
Sold Price: $410,000

 

 

1863 Michael Faraday Drive
3 BR/2.5 BA
List Price: $686,421
Sold Price: $675,000

 

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 past 30 days have seen 72 properties go to settlement. That’s two thirds of the total inventory of houses available for sale.

The housing inventory is so low that more buyers are worried that they won’t find a house to purchase; while it’s not uncommon to see a dip in housing inventory at this time of year numbers, this low are pretty extreme.

Digging into the recent sales I see that 10% of these properties sold above list price with an average days on market of just 4 days — so sold in less than a week for more than list price; sounds like a win/win!

Here are a few of the recent sales.

2401 Ansdel Court
4 BR/2.5 BA
List Price: $399,000
Sold Price: $425,000

 

 

11442 Church Hill Road
2 BR/2 BA
List Price $324,900
Sold Price $330,000

 

 

11756 Great Owl Circle
4 BR/4.5 BA
List Price $565,000
Sold Price $570,000

 

 

11184 Glade Drive
3 BR/2.5 BA
List Price $575,000
Sold Price $593,000

 

 

1945 Roland Park Drive
4 BR/4.5 BA
List Price: $981,375
Sold Price: $981,375

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.

With so few houses on the market, just 141 as of this post, why isn’t it more of a seller’s market? Interest rates are still crazy low, the job market is stable. All indicators seem to point to a market that favors the sellers, and yet it is not. The market is very balanced.

Today’s buyers are informed, methodical and not in a rush. The amount of time buyers spend researching homes online? Countless. Number of homes buyers saw online before engaging a real estate agent? Hundreds. They’ve done their research and are ready.

The median number of weeks buyers spent viewing homes in person was 10 weeks. Once they actually begin looking at homes, they are ready to take action when the right property pops up.

Sellers need to prepare for a little more time on the market with the average days on market sitting at 40. If you really get your place ready to sell and hit the market at the right price you’ll reduce that number considerably.

Here are a few of the recent sales:

11698 Sunrise Square Place
4 BR/4.5 BA
List Price: $963,520
Sold Price: $963,520

 

 

1311 Quail Ridge Drive
5 BR/3.5 BA
List Price: $785,000
Sold Price: $775,000

 

 

11555 Underoak Court
3 BR/2/2 BA
List Price: $359,000
Sold Price: $353,000

 

 

2022 Chadds Ford Drive
3 BR/3.5 BA
List Price: $549,980
Sold Price: $549,980

 

 

12000 Market Street #161
1 BR/1 BA
List Price: $315,000
Sold Price: $315,000

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.

It’s been an interesting fall market in Reston. Our housing inventory has been very constrained with fewer than 200 houses on the market — we’re especially tight right now with just 148 active listings on the market.

Even with the constrained inventory property is not selling so fast that you could call it a “Seller’s Market.” The average days on market is a whopping 80 days!

The buyers are out there but they are being very particular and, they aren’t over-paying. Seller’s need to put the time into getting their homes ready for the market and they need to price them competitively.

Here are a few of the recent sales:

11081 Pelham Manor Place
5 BR/3.5 BA
List Price: $1,025,000
Sold Price: $998,000

 
 

11005 Burywood Lane
4 BR/3.5 BA
List Price: $819,000
Sold Price: $800,000

 
 

1609 Greenbriar Court
4 BR/3 BA
List Price: $625,000
Sold Price: $597,000

 
 

11763 North Shore Drive
5BR/3.5 BA
List Price: $579,900
Sold Price: $564,000

 
 

11783 Indian Ridge
3 BR/2.5 BA
List Price: $510,000
Sold Price: $514,500

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.

Here are some Reston homes that changed hands recently:

1703 Ascot Way, 2 BR, 2 BA. Sale Price: $259,900.

2237 Castle Rock Square, 3 BR, 2 BA. Sale Price: $208,000.

2264 Cedar Cove Court, 3 BR, 2.5 BA. Sale Price: $800,000.

2203 Coppersmith Square, 2 BR, 2 BA. Sale Price: $299,500.

11887 Fawn Ridge Lane, 4 BR, 4 BA. Sale Price: $712,500.

1645 Fieldthorn Drive, 2 BR, 2 BA. Sale Price: $377,000.

12108 Kinsley Place, 2 BR, 3 BA. Sale Price: $730,000.

1567 Inlet Court, 4 BR, 2.5 BA. Sale Price: $540,000.

11572 Lake Newport Road, 4 BR, 5 BA. Sale Price: $1.19 million.

1930 Lakeport Way, 3 BR, 4 BA. Sale Price: $690,000.

12001 Market St., 1 BR, 1 BA. Sale Price: $260,000.

11415 Orchard Green Court, 3 BR, 2.5 BA. Sale Price: $522,500.

1615 Purple Sage Drive, 2 BR, 2 BA. Sale Price: $315,000.

2065 Royal Fern Court, 2 BR, 1 BA. Sale Price: $215,000.

2314 Southgate Square, 3 BR, 2 BA. Sale Price: $299,000.

11119 Timberhead Court, 3 BR, 2.5 BA. Sale Price: $530,000.

11605 Vantage Hill Road, 3 BR, 2 BA. Sale Price: $160,000.

1300 Windleaf Drive, 3 BR, 2 BA. Sale Price: $385,000.

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.

Here are some Reston homes that changed hands recently:

1619 Fieldthorn Drive, 2 BR, 2 BA. Sale Price: $359,900.

1347 Garden Wall Circle, 2 BR, 1 BA. Sale Price: $259,000

2332 Generation Drive, 3 BR, 3.5 BA. Sale Price: $430,000

12001 Market St., 3 BR, 2 BA. Sale Price: $599,900

1405 Park Garden Lane, 4 BR, 4 BA. Sale Price: $522,500

2145 Whisper Way, 2 BR, 3 BA. Sale Price: $350,000

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.

Here are some Reston homes that changed hands recently:

1528 Goldenrain Court, 4 BR, 4 BA. Sale Price: $439,500

10972 Harpers Square Court, 3 BR, 3 BA. Sale Price: $470,000

1925 Logan Manor Drive, 3 BR, 3.5 BA. Sale Price: $990,000

10717 Midsummer Drive, 4 BR, 3 BA. Sale Price: $727,000

11415 Summer House Court, 3 BR, 3 BA. Sale Price: $600,000

1783 Whisperhill Drive, 2 BR, 2.5 BA. Sale Price: $335,000

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.

Here are some Reston homes that changed hands recently:

12273 Angel Wing Court, 4 BR, 2.5 BA. Sale Price: $495,500

2548 Brenton Point Drive, 3 BR, 3 BA. Sale Price; $620,000

11906 Crosswind Court, 3 BR, 3 BA. Sale Price: $365,000

11744 Decade Court, 3 BR, 4 BA. Sale Price: $475,000

2049 Headlands Circle, 3 BR, 2 BA. Sale Price: $407,000

1344 Garden Wall Circle, 2 BR, 2 BA. Sale Price: $300,000

11612 Ivystone Court, 2 BR, 2 BA. Sale Price: $285,000

1649 Valencia Way, 4 BR, 4 BA. Sale Price: $380,000

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.

Here are some Reston homes that changed hands recently:

11971 Barrel Cooper Road, 4 BR, 4 BA. Sale Price: $354,000

11806 Blue Spruce Road, 4 BR, 4 BA. Sale Price: $732,000

2233 Castle Rock Square, 3 BR, 2 BA. Sale Price: $190,000

1321 Dasher Lane, 4 BR, 5 BA. Sale Price: $965,000

11309 Geddys Court, 3 BR, 2 BA. Sale Price: $491,000

1236 Gilman Court, 4 BR, 4 BA. Sale Price: $810,000

2323 Glade Bank Way, 3 BR, 2.5 BA. Sale Price: $438,000

2053 Golf Course Drive, 3 BR, 4 BA. Sale Price: $470,000

11605 Golf Course Square, 3 BR, 3 BA. Sale Price: $411,000

2003 Headlands Circle, 3 BR, 4 BA. Sale Price: $415,000

12000 Market St., 3 BR, 3 BA. Sale Price: $650,000

11703 Olde English Drive, 1 BR, 1 BA. Sale Price: $188,000

11403 Orchard Green Court, 3 BR, 3 BA. Sale Price: $574,900

2519 Penny Royal Lane, 3 BR, 2 BA. Sale Price: $530,000

1332 Red Hawk Circle, 5 BR, 4 BA. Sale Price: $866,500

11224 Silentwood Lane, 2 BR, 3 BA. Sale Price: $325,000

11678 Stockbridge Lane, 3 BR, 3.5 BA. Sale Price: $630,000

1860 Stratford Park Place, 2 BR, 2 BA. Sale Price: $495,000

11415 Summer House Court, 3 BR, 4 BA. Sale Price: $600,000

12011 Walnut Branch Road, 4 BR, 3 BA. Sale Price: $742,000

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.

Here are some Reston homes that changed hands recently:

1325 Buttermilk Lane, 5 BR, 4 BA. Sale Price: $743,500

2206 Castle Rock Square, 3 BR, 2 BA. Sale Price: $208,000

1161 Cedar Chase Road, 5 BR, 6 BA. Sale Price: $1.18M

2101 Colts Neck Court, 4 BR, 4 BA. Sale Price: $469,900

10718 Cross School Road, 5 BR, 4 BA. Sale Price: $919,000

2343 Emerald Heights Court, 3 BR, 4 BA. Sale Price: $335,000

10418 Hunt Club Road, 4 BR, 3 BA. Sale Price: $524,900

2283 Hunters Run Drive, 3 BR, 2 BA. Sale Price: $294,000

1705 Lake Shore Crest Drive, 2 BR, 2 BA. Sale Price: $300,000

11566 Links Drive, 4 BR, 3 BA. Sale Price: $450,000

11837 Shire Court, 2 BR, 2 BA. Sale Price: $224,900

1216 Wild Hawthorn Way, 3 BR, 4 BA. Sale Price: $534,600

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.

Here are some Reston homes that changed hands recently:

2350 Antiqua Court, 3 BR, 3.5 BA. Sale Price: $329,000

1493 Autumn Ridge Circle, 3 BR, 4 BA. Sale Price: $415,000

2237 Cedar Cove Court, 4 BR, 4 BA. Sale Price: $525,000

2024 Chadds Ford Drive, 4 BR, 3.5 BA. Sale Price: $547,500

12303 Fan Shell Court, 4 BR, 2.5 BA. Sale Price: $362,000

11695 Gilman Lane, 4 BR, 4 BA. Sale Price: $730,000

2305 Glade Bank Way, 3 BR, 3 BA. Sale Price: $400,000

11955 Heathcote Court, 3 BR, 3 BA. Sale Price: $420,900

11211 Longwood Grove Drive, 5 BR, 4 BA. Sale Price: $754,900

12000 Market St., 1 BR, 1 BA. Sale Price: $320,000

12000 Market St., 2 BR, 2 BA. Sale Price: $410,000

2318 Millennium Lane, 4 BR, 4 BA. Sale Price: $440,000

1333 Northgate Square, 3 BR, 1.5 BA. Sale Price: $250,000

1525 Northgate Square, 2 BR, 1 BA. Sale Price: $199,900

1102 Northwind Drive, 4 BR, 3.5 BA. Sale Price: $830,000

1350 Park Garden Lane, 4 BR, 3.5 BA. Sale Price: $580,000

1933 Red Lion Court, 3 BR, 2 BA. Sale Price: $442,000

11566 Rolling Green Court, 2 BR, 2 BA. Sale Price: $249,000

1474 Roundleaf Court, 5 BR, 4 BA. Sale Price: $490,000

2063 Royal Fern Court, 2 BR, 1 BA. Sale Price: $185,000

11950 Sentinel Point Court, 3 BR, 3 BA. Sale Price: $462,500

2433 Southgate Square, 3 BR, 4 BA. Sale Price: $338,500

2124 Whisperwood Glen Lane, 3 BR, 2.5 BA. Sale Price: $380,500

2278 White Cornus Lane, 3 BR, 1.5 BA. Sale Price: $295,000

11530 Wild Hawthorn Court, 3 BR, 4 BA. Sale Price: $540,000

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.

Here are some Reston homes that changed hands recently:

11790 Bayfield Court 3 BR, 2.5 BA. Sale Price: $399,000

2224 Cedar Cove Court, 4 BR, 3.5 BA. Sale Price: $585,000

11616 Chapel Cross Way, 3BR, 3BA. Sale price: $659,000

11407 Gate Hill Place, 2 BR, 2 BA. Sale Price: $375,000

10850 Grovehampton Court, 5 BR, 3.5 BA. Sale Price: $811,000

1376 Heritage Oak Way, 3 BR, 3 BA. Sale Price: $537,500

1720 Lake Shore Crest Drive, 1 BR, 1 BA. Sale Price: $270,000

1969 Logan Manor Drive, 3 BR, 4 BA. Sale Price: $836,000

12615 Noble Victory Lane, 4 BR, 4 BA. Sale Price: $623,000

11715 Olde English Drive, 2 BR, 2 BA. Sale Price: $280,000

2463 Pyrenees Court, 4 BR, 4 BA. Sale Price: $344,500

11760 Sunrise Valley Drive, 1 BR, 1 BA. Sale Price: $246,000

1324 Wedgewood Manor Way, 3 BR, 3 BA. Sale Price: $600,000