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.

It was an interesting year in Reston real estate.

More than 1,320 properties traded hands accounting for a whopping $632M in volume. The average home prices remained flat this year coming in at $479K vs. $473 in 2018. While home prices were somewhat flat, demand was strong and housing inventory was low, an equation which would typically trend towards a Seller’s Market but intense price sensitivity kept the market fairly balanced with well-informed buyers not being willing to pay more just because there were so few.

What do buyers want?

Buyers are trending strongly towards “move in ready” with a preference for energy efficient and Green features. Commuting time and cost is also sighted as significant factor in determining properties desirability. Sellers have to create motivation in the buyers by presenting the very best option possible in the price category in which they’re competing

We currently have just 82 properties on the market; 93 homes sold in the past 30 days and 83 homes are pending.

With interest rates expected to average 3.6% through 2020 the Reston real estate market should continue to be strong. If you’re ready to sell in 2020 you shouldn’t have too much trouble, provided you work with your agent to get your house ready and dig into the numbers to really understand what the market is doing in your neighborhood.

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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.

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 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.

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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 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.

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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 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:

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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.

The Reston real estate market continues to be strong. 157 properties changed hands in the past 30 days.

At this rate we’ve got less than 6 weeks’ worth of housing inventory. Some segments of the market are moving much, faster than others and some “types” of property are selling much faster than others. Average days on the market for condominiums is 36 while non-condos have an average days on market of just 12.

Here are a few of the properties that have recently sold:

1705 Wainwright Drive
3 BD/2 BA
List Price: $410,000
Sold Price: $415,000

 

 

11903 Triple Crown Road
6 BD/6 BA
List Price: $1,158,000
Sold Price: $1,090,000

 

 

1566 Goldenrain Court
3 BD/4 BA
List Price: $424,900
Sold Price: $430,000

 

 

11310 Myrtle Lane
4 BD/3 BA
List Price: $575,000
Sold Price: $580,000

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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.

Our strong spring market is rolling into a strong summer market.

The past 10 days we had $11.5 million in home sales and had another $16.8M go under contract. The average home price in that same period was $446,000 and the average days on market was 24. So we’re on track for another solid year in real estate sales in Reston.

Here are few of the recent sales in Reston:

12070 Kinsley Place
2 BR/4 BA
List Price: $829,900
Sold Price: $810,000

 

 

1524 Northgate Square #11B
2 BR/1 BA
List Price: $241,500
Sold Price: $239,500

 

 

2307 Hunters Run Drive #2307
2 BR/1 BA
List Price: $275,000
Sold Price: $275,000

 

 

2113 Owls Cove Lane
4 BR/3 BA
List Price: $679,000
Sold Price: $680,000

 

 

1331 Vintage Place
2 BR/4 BA
List Price: $449,900
Sold Price: $450,000

 

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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 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.

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.

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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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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:

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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.

Developed in 1974 by Jeffery Sneider & Company, the Links Pond Cluster of townhomes in South Reston features 3-level, 4-bedroom brick and siding homes.

The 67-home neighborhood borders Reston National Golf Course, and features the pond for which the cluster is named. It’s a common sight in the summer to see people spending lazy days fishing in the pond.

One of the things I love most about this neighborhood is that it feels like a little touch of country in the heart of Reston.

This is a great community for young families. The schools — Terraset Elementary, Langston Hughes and South Lakes High School — are all close. And as the children grow, there is plenty of parking to accommodate your needs as the number of cars you have grows. Each home has one assigned parking space, with plenty of additional parking on South Lakes Drive.

With easy access to the Reston Association paths, it’s easy to get out for a run or walk. Links Pond is close to both South Lakes Village Center and Hunters Woods Village Center, home to the Reston Community Center. Residents also have easy access to the Toll Road and the Wiehle metro.

As with every cluster that is part of Reston Association, Links Pond residents have access to the RA pools and tennis courts — nearby Glade pool with its waterslide is a favorite for kids!

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