Sponsored

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.


Sponsored

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.

Extremely low inventory continues to plague the market — there just are not enough houses on the market to meet the demand. In Reston there is currently ONE single-family home on the market. At the current rate of consumption, we have less than one month of housing inventory to meet buyer demand. We expect record low interest rates to continue through 2021, which is a big component of what is driving demand for housing.


Sponsored

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. When the COVID-19 shutdowns hit, most agents were sure we’d be having a very difficult year. Oddly, after a quiet two or three weeks, most of us found ourselves busier than ever.


News

Board OKs Split of Child Care Center Property — “The Fairfax County Board of Supervisors approved a special exception amendment Tuesday, allowing the owner of a piece of property along Centreville Road south of the Town of Herndon to adjust the lot lines of his property. The 2.61-acre property, which is situated east of Centreville Road and south of the West Ox Road intersection, consists of two lots.” [Reston Patch]

Hotel Rooms Help Homeless People in Fairfax County — “Fairfax County’s Office to Prevent and End Homelessness and local partners worked to establish a hotel room program to house homeless persons based on need during the coronavirus pandemic. People are referred to hotels by homeless service providers, medical providers such as Health Works of Northern Virginia and Neighborhood Health, and county staff.”[Reston Patch]


News

Sharon Fitzgerald, a former Tishman Speyer executive, has joined Comstock Companies as a managing director of commercial property management.

Fitzgerald previously worked at Tishman Speyer for 14 years as director of property management. She will now oversee the Reston-based companies properties, including several mixed-use projects in Arlington, Fairfax and Loudoun counties.


News

New stores and businesses are preparing to open at Herndon’s latest retail development.

The Elden Corner Center development (902 Alabama Drive) includes space for eight commercial relators, a spokesperson for Capital Realty Advisors said, adding that all of the storefronts — except for one — are already rented out.


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