Tuesday, July 29, 2014

Loudoun County Mid-Year Real Estate Report







The Loudoun County real estate market saw gains in home sale prices over the first half of 2014. Despite the increase in inventory, the average sales price increased and days on the market decreased. In fact, 420 of the 632 units in June sold went under contract within 30 days. The average sales price to original list price saw more gains for sellers in June (98%) than in January (96.9%).

Contact us today for a consultation for buying and selling a home in today's market.

Monday, July 28, 2014

Fairfax County Mid Year Real Estate Report







Indicators for the Fairfax County Real Estate Market improved for both buyers and seller through the first half of 2014. The concern in the beginning of the year was lack of inventory which was driving sales prices. Looking at the charts above, the market shows a significant increase in the number of units on the market providing buyers more choices. The percent of sold price to list price indicates seller's are still benefiting from the strong demand with some seller incentives to buyers.


Reston Real Estate Shows Steady Growth



The Reston, Virginia housing market shows steady growth through the 2nd Quarter of 2014. Consider the following:

The average list price that has risen over $85,000 from January ($412,539) to June ($497,705).

The average sold price has risen by almost the same amount from January ($405,285) to June ($487,509).

The average days on the market have decreased from 47 to 24.

The average percent of net sold price to list price is 98.23%.  While buyers are showing the ability and willingness to pay higher prices this in no way is a free pass for sellers. For example, one townhome home in the Lake Anne area has experienced a $100,000 price adjustment and is still on the market after an initial list date in April. This is a home in good condition, has a desireable floor plan and is in a desirable neighborhood.

Call us today to schedule your appointment!

Friday, June 13, 2014

Just Listed on Trump National Golf Course



Spectacular views on Trump National Golf Course
Offered at $924,900

Enjoy this bright Baltusrol Model on Trump National Golf Course! This home features a dramatic 2-Story circular staircase and 2-Story Living Room along with 5 bedrooms and 3.5 baths. Other features include main level study with built-ins, hardwood floors, gourmet kitchen, family room with fireplace and bump out, a luxurious owner's suite with two sided gas fireplace, upscale marble master bath with two sided gas fireplace, upper level laundry room, daylight walk out lower level with full wet bar, additional bedroom/office and full bath. NO LAWN MAINTENANCE!




Just Sold!


Dry River Court
Reston, VA 20191


We are pleased for our clients on the purchase of their new home in Reston, Virginia. From lenders to home inspectors our team was able to deliver exceptional service and quality results.


Saturday, June 7, 2014

OPEN HOUSE JUNE 8, 2014

Spectacular home on Trump National Golf Course

Open Sunday, 1-4 PM



Resort Living At It's Finest!
Offered at $879,900


This Baltusrol Model offers an open floor plan, two-story circular staircase, bright living room, family room with gas fireplace, gorgeous and plentiful windows, gourmet kitchen, luxurious master suite with/2-sided fireplace, fabulous princess suite, upper laundry room, daylight lower level with bedroom, huge rec room, and so much more! Walk on to Golf Course. No Lawn Maintenance.


Click here to see the full listing, photos and floor plans for 20261 Water Mark Place.

Exclusively listed by Marianne McKittirck, REMAX Allegiance.






Friday, June 6, 2014

STRONG SELLERS MARKET CONTINUES TO DOMINATE


The month end numbers for May continue with the same theme as evidenced earlier in the year - it is a Seller's market in Reston, Virginia. Both the average and median Net Sold Price to List Price as well as the low number of days on the market shows that buyers are writing offers that support the seller's list price.



Wondering if there is a typo in the median List and Sold for May? I did a double take myself. The high number of condos sold in May accounts for the difference (47 of the 105 properties were condos).

If you are a buyer in today's market there are steps you can take to writing a winning offer. Contact us today to find out more!