Tuesday, April 8, 2014

Reston Home Sales Surge in 1st Quarter

The Reston residential real estate market not only kept the early momentum towards a Sellers market but in fact ended the quarter with Sellers gaining  slightly more than the median list price at a significantly quicker rate than in previous months. Buyers did close on more homes in March however even though the average sold price was 98.54% of List, the median sales price paid was at 11.95% higher than in January. Buyers also saw little relief in the way of Seller subsidies.

Average List Price ($): 412,539 422,485 493,354
Median List Price ($): 399,000 409,990 435,500
Average Sold Price ($): 405,285 414,706 486,137
Median Sold Price ($): 393,000400,000440,000
Average Days on Market: 47 60 33
Median Days on Market: 39 54 8
Average Seller Subsidy ($): 2003 2,394 1730
Median Seller Subsidy ($): 0 100 0
Units Sold: 53 57 79
% Average Sold to List: 98.24 98.16 98.54
% Median Sold to List: 98.5097.56101.03
* seller subsidy not subtracted from Sold Price
* information from MRIS, deemed reliable but not guaranteed

Monday, March 31, 2014

Just Listed in North Reston

Baldwin Grove
2 Bed/ 2 Bath - Bright, Open Floor Plan
Offered at $307,000

Location, Location Location! 
Ideally located close to shopping, transportation, 
schools, parks, pools, trails, and so much more!

1314 Garden Wall Circle #210/C
Reston, VA 20194

Contact us to schedule a viewing.

View the full listing for 1314 Garden Wall Circle #210/C.

Wednesday, March 26, 2014

Sterling, Virginia Rentals 2014

This well cared for end-unit, garage townhome just went under lease. If you waited, you missed out as it was under contract in less than 7 days.
The rental market in Sterling, Virginia for 2014 appears balanced between renters and landlords. A key indicator, list versus actual, shows a slightly weighed market towards landlords as the median rented price is 97.47% of median list price. The median days on the market for the period of 1/1/2014 – 3/26/2014 is 20.  Please contact me for a detailed report on these numbers (taken from MRIS, information deemed reliable but not guaranteed.)

 Schedule an appointment with us to learn how to maximize your profits in this market from your investment property!

Tuesday, March 4, 2014

Stunning Single Family - Just Listed!

704 Tonquin Place
Leesburg, VA 20176
Offered at $559,900.00 

Pristine! This is one of those MUST SEE homes in a MUST SEE neighborhood. This home boasts modern favorites like:

-Two-story Foyer to the Living Room and Separate Dining Room
- Bright Gourmet Kitchen with granite and center island
- Large Family Room with a gorgeous wall of windows and cozy gas fireplace
- Spacious Main Level Office
- Luxurious Master Bedroom with separate His & Her walk-in closets
- Spa-like Master Bath with separate vanities. 
- Princess suite with bath. 
- Lower Level with walk- up, rec room and media room
- Hardwoods
- Dual Stairs
- Fenced back
- Walk to schools! and so much more!

View the listing report for 704 Tonquin Place for additional interior and exterior photos, professional floor plan, and more information.

Call us today and put our expertise to work for you!

Thursday, January 30, 2014

Just Listed! A North Reston Beauty

Open House
Saturday, February 1, 2014 from 1-3pm
 Sunday, February 2, 2014 from 1-3pm
Offered at: $789,900

A rare find in North Reston! Nothing on the market today is quite like this special home. With features such as the open, contemporary floor plan, the two story entry naturally lit by large windows, the main level with gleaming hardwood floors, the open family room boasts a gas fireplace and bright windows, the kitchen with cherry cabinets and granite counters with a sliding glass door the spacious deck with stairs to fenced yard below. The list goes on...

The upper level has four bedrooms and laundry room. The master retreat offers a large bedroom, sitting area, two walk in closets and spacious master bath with soaking tub and dual sink vanity. The lower level  is a walk-out with sliding glass doors, full windows and 5th bedroom or study with walk-in closet and full en-suite bath.

The neighborhood is convenient to shopping centers, restaurants, parks, trails, major transportation routes including Dulles Airport.

Questions? Please call Marianne McKittrick at (703) 444-3111 or Carolyn Pennington  at (703) 283-9346.

We welcome you to visit this beautiful North Reston home and make an offer!

Click here to view the MLS listing.

Listed by RE/MAX Allegiance, Mariannce McKittrick, agent related to owner.

Saturday, January 25, 2014

Effective January 1, 2014 purchasers and sellers of real estate in Northern Virginia will be using a new Sales Contract issued by the Northern Virginia Association of Realtors. The biggest change involves the Home Inspection Contingency. The new contract allows for a negotiation period during which time the buyer and seller have unlimited opportunities to discuss terms and remedies as a result of a home inspection and reach agreement. The prior contract allowed only a limited number of exchanges before the contract became VOID.  The prior contract also had a provision that made the contract VOID should the seller not respond to the purchaser's request for repairs and/or remedies. The purchaser now has a specific time period to accept the seller's lack of response and move forward or void the contract. These same guidelines apply to a radon inspection as well.

It is in helping manage contingencies that an experience agent will provide much support and direction. As always, the time to understand the obligations under a contract and the expected performance is not during the contract but prior to entering in to it.

Tuesday, January 21, 2014

Lake Anne Snow Day

This picture was taken at Hidden Creek Country Club on my morning walk- not a flake to be seen.

Later in the day around 5:00 pm, Lake Anne is covered in snow!

While beautiful the temperature is dropping. What a change in the course in a day.

Speaking of change, the Virginia sales contract has changes that went into effect on January 1, 2014. It is important to be educated and take an active role when buying and selling real estate! We will review in future posts.